Updated Nov 4, 2026
Paul J. Romanowski Of D.R. Horton Purchases Land In Gibsonville For $4.07M
Gaelic Drive
$4,070,000
Building Size
—
Asset Type
Land
Closing
Nov 4, 2026
About this deal
AI
The transaction involved 46 lots of land located on Gaelic Drive in Gibsonville, NC. The land was sold for a total of $4,070,000. This property contributes to the ongoing residential development in the Triad area.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,070,000
- Buyer: Paul J. Romanowski
- Buyer’s Representative: Paul J. Romanowski - D.R. Horton
- Market: Gibsonville, NC
The sale is part of D.R. Horton’s recent strategy in the Triad, which includes multiple land acquisitions for residential projects. The company also acquired additional parcels in Kernersville and has engaged in other significant land deals in the region.
On the Map
$4,070,000
Land
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Austin Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.90%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93