4870 Robinhood Rd, Winston-Salem, NC 27106
This exceptional 44.3-acre parcel in Winston-Salem, NC, presents a remarkable opportunity for large-scale residential development. Located at 4870 Robinhood Rd, Forsyth County, zip code 27106 (APN: 5896-94-2132), this property boasts approved site plans for 349 units, encompassing townhomes, multi-family, and senior living options. The MR8-S zoning allows for flexible development, catering to diverse housing needs. The site benefits from readily available water and sewer infrastructure. Situated in a thriving residential area, it enjoys proximity to a wealth of amenities. Within a three-mile radius, over 40,000 residents reside, boasting an average household income exceeding $116,000 and a high percentage of homeowners. Nearby conveniences include The Village at Robinhood shopping center (Harris Teeter, Walgreens, etc.), a new Publix under construction, and high daily traffic counts on Robinhood Road and Meadowlark Drive (over 10,000 vehicles). Its strategic location offers convenient access to Smith Reynolds Airport (20 minutes) and Piedmont Triad International Airport (40 minutes), further enhancing its appeal. This prime location, coupled with the approved plans and strong demographics, makes this a compelling investment opportunity with significant value-add potential in a rapidly growing area of North Carolina. Detailed site plans and grading analysis are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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