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Property profile & analytics
FOR SALE
Commercial land
4143 Patterson Ave, Winston-Salem, NC 27105
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0722591
For Sale
1 / 3
$349,000
4143 Patterson Ave, Winston-Salem, NC 27105
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Property summary
AI-generated overview
This exceptional 9.623-acre commercial land parcel presents a prime investment opportunity in Winston-Salem, North Carolina. Located at 4143 Patterson Avenue, this property boasts a highly desirable HB (General) zoning designation, allowing for a wide range of retail development possibilities. The site benefits from convenient access to I-74 (Highway 52), ensuring excellent visibility and accessibility for potential businesses. All utilities are available on-site, simplifying the development process. The property's strategic location is further enhanced by its adjacency to a Pull-A-Part business, providing significant potential for synergistic development and increased foot traffic. This substantial land area offers ample space for a variety of commercial ventures, making it an attractive proposition for investors seeking a high-growth location in Forsyth County. The asking price for this exceptional property is $399,000. The property is situated in the 27105 zip code.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
9.62 ac (419,047 SF)
Zoning code
HB
APN
6828-90-6809.00
UPID
US53-0722591
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Perimeter Point Properties LLC · 2 yrs held
Perimeter Point Properties LLC
since 2024
Last sale
$185,000
3 recorded transactions
Zoning & alternative use
HB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winston-Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winston-Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,321
Tax year 2024
Assessed value
$308,000
Assessed 2024
Previous assessed
$308,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$308,000
Land market value
$308,000
Total market value
$308,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
9.62 ac (419,047 SF)
Zoning code
HB
APN
6828-90-6809.00
UPID
US53-0722591
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Winston Salem, NC
Zoning HB · permitted uses
HB · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winston Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
9.62 ac
Current owner
From public records · entity-resolved
Perimeter Point Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4960 INDIANA AVE, WINSTON SALEM, NC 27106-2823
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
—
Permeier Point Properties LLC
—
Deed
related
$120,850 · First Community Bank Lexington
May 21, 2024
$185,000
Perimeter Point Properties LLC
Susan E Thomas
Warranty Deed
—
Mar 24, 2022
—
Jethro B Majette III
Momir Markovic
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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