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    Property profile & analytics

    2788 Smith Lk Rd Winston-Salem, NC 27103

    • Commercial real estate
    • 13.85 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-2197673
    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 2788 Smith Lk Rd

    Lot size
    13.85 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 13.85-acre parcel located at 2788 Smith Lake Road in Winston-Salem, North Carolina, presents a remarkable multifamily development opportunity. Situated in Forsyth County, zip code 27103, this property boasts convenient access to essential services, shopping centers, and major transportation arteries. Its strategic location just off Stratford Road and within one mile of Hanes Mall Boulevard and Interstate 40 ensures high visibility and easy commutes for future residents. The site's zoning allows for multifamily development, making it ideal for apartments, townhouses, or other residential projects. The property is classified as both multifamily and land, offering significant potential for a high-return investment. Existing infrastructure includes readily available water and sewer connections, simplifying the development process and reducing upfront costs. This prime location in a rapidly expanding area promises strong rental demand and significant appreciation potential. The expansive lot size provides ample space for a substantial multifamily development, catering to a wide range of housing needs. This is a rare opportunity to acquire a large, well-located parcel perfectly suited for a thriving residential community. Detailed site plans and zoning information are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3185905
    Latitude
    36.0618431

    Comparable in this City

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      3255 Stratford Rd

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      Westgate Center Circle Land

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      Office Land in Westgate Center

      Office-land property in Westgate Center Business Park for sale.
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    Similar Nearby for Sale

    • Contact for pricing
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      2552 Stratford Rd, Winston-Salem, NC 27103
      View Details
    • $375,000
      10.80 Acres

      Burke Mill Road Development Opportunity

      10.8-acre site, 27-unit plan approved.
      2010 Burke Ml Rd, Winston-Salem, NC 27103
      View Details
    • $749,000
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      Cleared Lot in Ardmore

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      Winston-Salem Commercial Land For Sale

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      Winston-Salem Land For Sale

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    Similar Nearby for Lease

    • $80,000
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      Prime Winston-Salem Commercial Land

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      2414 Stratford Rd, Winston-Salem, NC 27103
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    • $20 SF/Yr
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      Winston-Salem Office Building for Lease

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      Winston-Salem Office Space, Flexible Sizes
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    • $15 SF/Yr
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      Ashley Square Office Condo

      1,000 sq ft Office Suite in Winston-Salem
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    • Contact for pricing
      205,498 SF

      Silas Creek Crossing Medical Office

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    Winston-Salem, NC 27103
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    Realmo Value Estimation

    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.

    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.

    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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