4880 Phelps Dr, Winston-Salem, NC 27105
This exceptional 22.37-acre property in Winston-Salem, Forsyth County, North Carolina, presents a unique development or investment opportunity. Located at 4880 Phelps Dr, zip code 27105, this land parcel offers a blend of seclusion and convenience, with close proximity to I-74. The property is zoned RS20 and RS9 and comprises ten parcels (APN: 6848-06-4827.00, 6838-96-6974.00, 6848-05-6989.00, 6848-06-4032.00, 6848-06-7110.00, 6848-06-7222.00, 6848-06-7323.00, 6848-06-7427.00, 6848-06-0863.00, 6848-06-6569.00) sold as a single unit. The asking price is $72,187, translating to approximately $3,226.96 per acre. Important considerations include the property being bisected by Mill Creek and containing approximately 12.24 acres of floodplain. Well and septic systems will be required. Buyers should note that this is an online auction with a non-refundable buyer premium added to the final bid price. The property is owned by NCDOT, which reserves the right to withdraw from the sale before the deed is recorded. Title transfer will be via QuitClaim Deed. Lot size is not guaranteed and should be independently verified. All due diligence regarding the property is the buyer's responsibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.