Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3438 Clemmons Rd Clemmons, NC 27012
    Back to Search
    Property profile & analytics

    3438 Clemmons Rd Clemmons, NC 27012

    View on Map
    • Commercial real estate
    • 0.61 lot acres
    Off-Market
    Property ID
    US53-0698341
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3438 Clemmons Rd

    Lot size
    0.61 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.61-acre mixed-use development opportunity is situated at 3438 Clemmons Rd, Clemmons, NC 27012, in Forsyth County. The property boasts approximately 134 feet of road frontage on Clemmons Road, a high-traffic area with a daily traffic count of 16,000 vehicles. Its strategic location places it in close proximity to Kinnamon Village, benefiting from existing commercial infrastructure and established customer bases. The asking price for this parcel is $185,000. This presents a unique chance to capitalize on the strong demographics of the area. Within a 3-mile radius, the population exceeds 30,243, and within 5 miles, it surpasses 80,076. The average household income within these radii is notably high, with figures of $97,163 and $89,065 respectively, indicating significant consumer spending power. This makes this property ideal for a variety of retail or mixed-use developments, offering substantial potential for return on investment. The property's zoning and permitted uses should be independently verified. This is a prime opportunity for developers seeking a well-located site with strong market fundamentals. Don't miss this chance to build your next successful venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clemmons
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3715418
    Latitude
    36.0247129

    Comparable in this City

    • $2,500,000
      15.32 Acres

      Clemmons Acreage: Mixed-Use Potential

      15-Acre Tract, Prime Location, Reduced Price
      3645 Harper Rd, Clemmons, NC 27012
      View Details
    • $60,000
      1.38 Acres

      Residential Land in Clemmons, NC

      Residential land in the West Forsyth school district.
      Wishon Rd, Clemmons, NC 27012
      View Details
    • $383,223

      Vacant Land Near Northern Beltway

      84.73 acres of vacant land in Clemmons, North Carolina.
      5700 Springfield Farm Rd, Clemmons, NC 27012
      View Details
    • $40,000
      Pending

      Corner Lot in Clemmons, NC

      Corner building lot in established neighborhood, ready for development.
      400 Lyons Dr, Clemmons, NC 27012
      View Details
    • $383,223

      Vacant Land Near Northern Beltway

      84.73 acres of vacant land in Clemmons, North Carolina.
      5700-6020 Springfield Farm Rd, Clemmons, NC 27012
      View Details

    Similar Nearby for Sale

    • $2,500,000
      15.32 Acres

      Clemmons Acreage: Mixed-Use Potential

      15-Acre Tract, Prime Location, Reduced Price
      3645 Harper Rd, Clemmons, NC 27012
      View Details
    • $60,000
      1.38 Acres

      Residential Land in Clemmons, NC

      Residential land in the West Forsyth school district.
      Wishon Rd, Clemmons, NC 27012
      View Details
    • $383,223

      Vacant Land Near Northern Beltway

      84.73 acres of vacant land in Clemmons, North Carolina.
      5700 Springfield Farm Rd, Clemmons, NC 27012
      View Details
    • $40,000
      Pending

      Corner Lot in Clemmons, NC

      Corner building lot in established neighborhood, ready for development.
      400 Lyons Dr, Clemmons, NC 27012
      View Details
    • $383,223

      Vacant Land Near Northern Beltway

      84.73 acres of vacant land in Clemmons, North Carolina.
      5700-6020 Springfield Farm Rd, Clemmons, NC 27012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Space in Clemmons

      New construction retail space available for lease in Clemmons.
      3487 Gentry Ln, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Retail Space in Clemmons Center

      Food Lion anchored shopping center in growing Clemmons market.
      4380 Kinnamon Village Dr, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Retail Space on Corner Location

      Retail property for lease on a high-traffic corner.
      2415 Lewisville Clemmons Rd, Clemmons, NC 27012
      View Details
    • $30 SF/Yr

      Retail Building with Drive-Thru Potential

      Retail space available in Clemmons, potential for drive-thru.
      3541 Gentry St, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Second-generation restaurant with drive-thru in high-traffic area.
      2390 Lewisville Clemmons Rd, Clemmons, NC 27012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3438 Clemmons Rd
    Clemmons, NC 27012
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3438 Clemmons Rd, Clemmons, NC, 27012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!