Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    428 North Main Street Kernersville, NC 27284

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail center in downtown Kernersville with ample parking.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    135
    Last Refresh:
    Mar 19 at 9:52 pm

    Property Features for 428 North Main Street

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Lydia Whitley

    Listing agent Lydia Whitley

    Listing office CBRE | Greensboro

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Greensboro

    Overview

    Retail Center on Main Street

    Main Street Commons is a retail center situated on a major thoroughfare in downtown Kernersville, North Carolina. Signage is available on both the pylon and the building. The property offers ample parking. The location is conveniently situated between Winston Salem, Greensboro, and High Point, providing easy access to major highways including Salem Parkway and Interstate 40. The lease rate is $15.50 per square foot, with a TICAM of $3.00 per square foot.
    Location Intelligence

    Current Use by Public Records

    La Mejor Bakery ... Bakery Wash Tub (Bike/Boat/Book/etc) Store Red Radish Catering Take-out & Catering Nostra Pizza II Restaurant El Buen Gusto ... Bakery

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk - Bitcoin ATM — Food Lion, 1014 N Main St, Kernersville, NC 27284
    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 617 N Main St/Hwy 150, Kernersville, NC 27284

    Location Insight

    • Map
    • Local Demand
    City
    Kernersville
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.0672
    Latitude
    36.1259

    Nearby Similar for Lease

    • $5/mo

      Industrial Facility Near Major Highways

      Industrial facility with highway access, suitable for warehouse or industrial use.
      4898 McCracken Road, Kernersville, NC, 27284
      View Details
    • $16/mo

      Kernersville Office Space For Rent

      Office space with two offices, bath, and break room.
      1407 Hwy 66 S, Kernersville, NC
      View Details
    • $26/mo

      Retail Space in Kernersville Center

      Up to 2,300 SF available in retail center.
      803 Old Winston Rd, Kernersville, NC
      View Details
    • $12/mo

      Trucking Transfer Station Sub-Lease

      Trucking transfer station with covered docks for sub-lease.
      604 Indeneer Dr, Kernersville, NC
      View Details
    • Contact for pricing

      Conveniently Located Office Space

      Office space conveniently located off highway 66 in Kernersville, NC.
      110-121 Shields Park Dr, Kernersville, NC
      View Details
    • $10/mo

      Kernersville Warehouse Space Available

      4,561 SF warehouse space for lease in Kernersville, NC.
      1255 South Park Dr, Kernersville, NC
      View Details
    • $14/mo

      Office Space in Kernersville, NC

      Office space for rent, conveniently located off W. Mountain Street.
      110 Hepler St, Kernersville, NC
      View Details
    • Contact for pricing

      Kernersville Specialty Property Available

      Specialty property available for rent in Kernersville, North Carolina.
      1301 South Park Dr, Kernersville, NC
      View Details
    • $11/mo

      Industrial Space in Kernersville

      Industrial property available for lease in Kernersville, North Carolina.
      1349 S Park Dr, Kernersville, NC
      View Details
    • $12/mo

      Kernersville Specialty Property Available

      Specialty property available for rent in Kernersville, North Carolina.
      1381 S Park Dr, Kernersville, NC
      View Details
    • $11/mo

      Kernersville Specialty Property For Rent

      Specialty property available for rent in Kernersville, North Carolina.
      1187 Shields Rd, Kernersville, NC
      View Details
    • Contact for pricing

      Versatile Flex and Industrial Spaces

      1.3 million sq ft of flex, multi-tenant, and single-tenant spaces.
      1381 S Park Dr, Kernersville, NC 27284
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center in downtown Kernersville with ample parking.
    Where is this shopping center located?
    The property is located at 428 North Main Street Kernersville, NC.
    What are key features of this property?
    This property features: Convenient location between Winston Salem, Greensboro, and High Point.; Easy access to Salem Parkway and Interstate 40.; Retail center located on a major thoroughfare in downtown Kernersville, North Carolina.
    (336) 373-8800
    We can help!
    Listing Contact
    Lydia Whitley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!