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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1194 Blackburn Rd Winston Salem, NC 27105

    • Commercial real estate
    • 79.00 lot acres
    For Sale
    View listing
    $330,834
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2037818
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1194 Blackburn Rd

    Lot size
    79.00 lot acres
    Property type
    Commercial real estate
    APN
    6838-58-8202.00, 6838-87-9452.00, 6838-87-5326.00, 6838-67-5987.00, 6838-77-2779.00, 6838-87-4677.00, 6838-58-3478.00, 6838-87-6481.00, 6838-68-4234.00, 6838-77-8725.00, 6838-77-9901.00, 6838-87-1634.00, 6838-87-1881.00, 6838-87-2654.00, 6838-87-3665.00, 6838-48-1868.00, 6838-48-4893.00, 6838-87-4313.00

    Description

    This exceptional 79-acre land assemblage presents a compelling investment opportunity in Winston-Salem, North Carolina. Strategically located near I-74, this property offers significant potential for residential development. The land is comprised of eighteen parcels (APN: 6838-58-8202.00, 6838-87-9452.00, 6838-87-5326.00, 6838-67-5987.00, 6838-77-2779.00, 6838-87-4677.00, 6838-58-3478.00, 6838-87-6481.00, 6838-68-4234.00, 6838-77-8725.00, 6838-77-9901.00, 6838-87-1634.00, 6838-87-1881.00, 6838-87-2654.00, 6838-87-3665.00, 6838-48-1868.00, 6838-48-4893.00, 6838-87-4313.00), predominantly zoned RS20 with a smaller portion zoned RS9. The property boasts sewer access, making it ideal for large-scale projects. Its location in a rapidly growing area, coupled with its proximity to major transportation arteries, makes this a rare opportunity for developers and investors. However, potential buyers should be aware of several key factors: a stream and approximately 23.3 acres of floodplain are present; a sanitary sewer easement exists; street access and lot size should be independently verified; this is an online auction with a non-refundable buyer premium; and the seller (NCDOT) reserves the right to withdraw from the sale until the deed is recorded. The title will be transferred via QuitClaim Deed. The property is located at 1194 Blackburn Road, Winston-Salem, NC 27105. Buyers are responsible for all due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2344366
    Latitude
    36.1849807

    Comparable in this City

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      Expansive Land Near I-74

      13.7-acre property near I-74 with development potential.
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      Forsyth County Land Auction Opportunity

      Land in Forsyth County available through online auction event.
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      0.78-acre residential land parcel with gentle slope and tree cover.
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      1.09 Acres

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      Prime Winston-Salem Retail Land

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    Similar Nearby for Sale

    • $699,000
      1.34 Acres

      University Parkway Commercial Land

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      6356 University Pkwy, Winston-Salem, NC 27105
      View Details
    • $125,000
      Pending

      Expansive Land Near I-74

      13.7-acre property near I-74 with development potential.
      550 Holly Ridge Dr, Winston Salem, NC 27105
      View Details
    • Contact for pricing
      Pending

      Forsyth County Land Auction Opportunity

      Land in Forsyth County available through online auction event.
      4957 Davis Rd, Winston Salem, NC 27105
      View Details
    • Contact for pricing
      Pending

      Residential Land Parcel For Sale

      0.78-acre residential land parcel with gentle slope and tree cover.
      4965 Lyman Rd, Winston Salem, NC 27105
      View Details
    • Contact for pricing
      1.09 Acres

      Wooded Lot on Dillingham Road

      1.09-acre wooded lot to build your ideal home.
      183 Dillingham Rd, Winston Salem, NC 27105
      View Details
    • $645,000
      1.40 Acres

      Prime Winston-Salem Retail Land

      1.4 Acres, High-Traffic Location
      321 Smt Sq Ct, Winston-Salem, NC 27105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Sam's Club

      Retail space available in North Summit Square.
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      142,306 SF

      Oak Summit Retail Center

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      344 Hanes Ml Rd, Winston-Salem, NC 27105
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    • $12 SF/Yr
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      Winston-Salem Retail Space

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      4,178 SF

      Freestanding Restaurant Building with Drive-Thru

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    • Contact for pricing
      839,252 SF

      Hanes Mill Road Industrial Facility

      Large-scale industrial space for lease/sale in Winston-Salem.
      401 Hanes Ml Rd, Winston-Salem, NC 27105
      View Details
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    1194 Blackburn Rd
    Winston Salem, NC 27105
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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