Self-Storage Facility in Kernersville,
For Sale
Contact for pricing
214 Trent St, Kernersville, NC 27284
178-unit self-storage facility available for sale in Kernersville.
Property Size18,600 SF
Price / SF$75.27
Days on Market189
Property Features for 214 Trent St
General Information
Standard status
Active
Size
18,600 SF
Property subtype
Self Storage
Occupancy
85%
Net Operating Income
$97,515
Building Details
Year Built
1990
Units
178
Listing Agency:
Matthews
Listed By:
Austin McLeod · License #394903
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 8 at 6:28AM
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 Matthews
Investment Insights
Based on property information with market context.
This property is a self-storage facility located in Kernersville, North Carolina. The facility contains 178 units and has a property size of 18,600 square feet.
Key Highlights
- Self Storage Property
- Features 178 Units
- Located in Kernersville, NC
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
$98,295
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
7.02%
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%
$1,965,900
$2.0M
Cap Rate 7%
$1,404,214
$1.4M
Cap Rate 9%
$1,092,167
$1.1M
Market Conditions
NOI Build-Up for 18,600 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
$149.5K $8.04/SF
− Vacancy
−$9.1K −$0.49/SF
EGI
$140.4K $7.55/SF
− OpEx
−$42.1K −$2.26/SF
NOI
$98.3K $5.28/SF
Area
Forsyth County, NC
Vacancy
6.10%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,965,900
Cap Rate 7%
$1,404,214
Cap Rate 9%
$1,092,167
Alternative Uses
Best Use
Self Storage
$2.57M
$2.25M – $2.99M
NOI $179,676 @ 7.0% cap · market cap 12.83%
Second Best
Industrial
$1.40M
$1.23M – $1.64M
NOI $98,295 @ 7.0% cap · market cap 7.02%
Theoretical Best
Specialty Retail
$4.81M
$4.20M – $5.61M
NOI $336,353 @ 7.0% cap · market cap 24.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - 178-unit self-storage facility available for sale in Kernersville.
Where is this self storage facility located?
The property is located at 214 Trent St Kernersville, NC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Self Storage Property; Features 178 Units; Located in Kernersville, NC
