2788 Smith Lk Rd Winston-Salem, NC 27103
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.