Flex Space with Secure
For Sale
$1,450,000
105 Furlong Industrial Drive, Kernersville, NC 27284
Light Industrial property combines warehouse and office areas with controlled outdoor storage and multiple loading options.
Property Size10,000 SF
Days on Market9
Property Features for 105 Furlong Industrial Drive
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Building Details
Building Size
10,000 SF
Year Built
1996
Listing Agency:
(336) 455-2818
Listed By:
Will Jones
Source:
Ltpcommercial
Added: Aug 23
Changed: Aug 30
Last Checked: Aug 30 at 5:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Will Jones
Investment Insights
Based on property information with market context.
This 10,000 SF flex space occupies 1.62 acres and provides a practical mix of industrial and office improvements. Approximately 70% of the building is warehouse area and 30% is configured for office use. Loading access includes both dock-high and drive-in capabilities, while the rear yard is enclosed by fencing and a gate for secure outdoor storage. Built in 1996, the property is zoned LI (Light Industrial).
The facility is located at 105 Furlong Industrial Drive in Kernersville, within an established industrial park. Access to US-421 and NC-66 supports connections throughout the Piedmont Triad, including Winston-Salem, Greensboro, and High Point.
The facility is located at 105 Furlong Industrial Drive in Kernersville, within an established industrial park. Access to US-421 and NC-66 supports connections throughout the Piedmont Triad, including Winston-Salem, Greensboro, and High Point.
Key Highlights
- 10,000 SF industrial facility on 1.62 acres
- 70% warehouse and 30% office layout
- Dock‑high and drive‑in loading
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,773
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,375,460
$2.4M
Cap Rate 7%
$1,696,757
$1.7M
Cap Rate 9%
$1,319,700
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$199.2K $19.92/SF
− Vacancy
−$40.8K −$4.08/SF
EGI
$158.4K $15.84/SF
− OpEx
−$39.6K −$3.96/SF
NOI
$118.8K $11.88/SF
Area
Forsyth County, NC
Vacancy
20.50%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,375,460
Cap Rate 7%
$1,696,757
Cap Rate 9%
$1,319,700
Alternative Uses
Best Use
Office B
$1.70M
$1.48M – $1.98M
NOI $118,773 @ 7.0% cap · market cap 8.19%
Second Best
Warehouse
$916.7K
$802.1K – $1.07M
NOI $64,171 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27284, NC
56,859
Population
25,168
Households
2.3
Avg Household Size
43
Median Age
34%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
722
Density / Sq Mi
$80,739
Median Household Income
$49,784
Median Earnings
$1,086
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial property combines warehouse and office areas with controlled outdoor storage and multiple loading options.
Where is this flex space located?
The property is located at 105 Furlong Industrial Drive Kernersville, NC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 10,000 SF industrial facility on 1.62 acres; 70% warehouse and 30% office layout; Dock‑high and drive‑in loading
