Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    Gretas Way Ct Kernersville, NC 27284

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two flex industrial lots, build-to-suit option.

    Property Features for 0 Gretas Way Ct

    General Information

    Property type
    Flex space
    Lot Size
    64,033 SF

    We can help!

    Listing Contact
    Bob Anderson
    Bob Anderson

    Listing Agent: Bob Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional offering presents two prime industrial lots in Kernersville, North Carolina, ideally suited for sale or build-to-suit development. Located on Greta's Way, these lots boast a combined acreage ranging from 1.47 to 1.67 acres. The property is zoned LI (Light Industrial), allowing for a maximum 70% impervious surface. Both lots are roughly graded, and development plans are readily available. This strategic location provides unparalleled access to major transportation arteries, including Business 40 and I-40, placing your business within easy reach of Piedmont Triad International Airport, the new FedEx terminal, the recently constructed Novant Health Medical Center, and other burgeoning medical facilities. The site benefits from readily available off-site stormwater management, and all essential utilities are conveniently located at the street. This presents a unique opportunity to establish a thriving industrial presence in a rapidly growing area of Forsyth County, with a zip code of 27284. The land value is priced at $350,000 per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Kernersville
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.067874477462
    Latitude
    36.091894995229

    Nearby Similar for Sale

    • Contact for pricing
      12,600 SF

      Retail Shoppes at Main Street

      Modern retail center anchored by Lowes Foods.
      794 S Main St, Kernersville, NC 27284
      View Details
    • $285,000

      Kernersville Retail Building - $285K

      Prime Retail Space: Country Store/Tire Shop Potential
      1717 Mountain St, Kernersville, NC 27284
      View Details
    • $3,199,000
      3,093 SF

      Prime Retail Location For Sale

      Excellent retail location in Kernersville, NC with flexible options.
      1458 Jag Br Blvd, Kernersville, NC
      View Details
    • $995,000
      4,701 SF

      Linville Medical Office Center

      Kernersville, NC: Prime Medical Office Investment
      900 Old Winston Rd, Kernersville, NC 27284
      View Details
    • $950,000
      1,000 SF

      Kernersville QSR/Fast Food Opportunity

      Prime NC location, build-to-suit or sale.
      405 Main St, Kernersville, NC 27284
      View Details
    • Contact for pricing
      4,200 SF

      Heartland Dental Investment Opportunity

      Recently constructed Heartland Dental in Kernersville, NC for sale.
      1472 Jag Br Blvd, Kernersville, NC
      View Details
    • New
      $249,000
      5.18 Acres

      Kernersville Wedding/Event Space Opportunity

      Approved venue or bona fide farm opportunity near hotels and highways.
      9417 Pumpkin Ridge Rd, Kernersville, NC 27284
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Property in Kernersville, NC

      Single family residence in Kernersville, North Carolina for sale.
      Ambridge Dr, Kernersville, NC 27284
      View Details

    FAQs

    What type of property is this?
    Flex space - Two flex industrial lots, build-to-suit option.
    Where is this flex space located?
    The property is located at Gretas Way Ct Kernersville, NC.
    What are key features of this property?
    This property features: Two prime industrial lots totaling 1.47 to 1.67 acres available for sale or build-to-suit in Kernersville, NC.; LI (Light Industrial) zoning allows 70% impervious surface; lots are roughly graded with available development plans.; Excellent location near Business 40, I-40, Piedmont Triad International Airport, FedEx terminal, and Novant Health Medical Center.
    (336) 768-4410 Call to check price and availability
    Request Owner's contact information
    Gretas Way Ct Kernersville, NC 27284
    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.
    Gretas Way Ct
    Kernersville, NC 27284
    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
    Gretas Way Ct Kernersville, NC 27284
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bob Anderson
    Bob Anderson
    Real Estate License ID: 79975
    (336) 768-4410 (336) 682-5137
    Learn more
    Google sign-in failed. Please try again or use another login method.