Kernersville Office Park
For Sale
Contact for pricing
Pending
900 Old Winston Rd Unit 222, Kernersville, NC 27284
Office suites in Linville Professional Office Center for sale.
Property Size4,701 SF
Days on Market826
Property Features for 900 Old Winston Rd Unit 222
General Information
Standard status
Pending
Size
4,701 SF
Class
B
Property subtype
Office
Zoning
Office
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
2007
Buildings
1
Units
2
Tenancy
Single
Listing Agency:
Baldwin Properties
Listed By:
Mike Gatton · License #340756
(336) 201-0965
Source:
Crexi
Added: Jul 17, 2024
Changed: Oct 6
Last Checked: Oct 19 at 6:35AM
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 Baldwin Properties
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Investment Insights
Based on property information with market context.
Located in the Linville Professional Office Center, this office space is situated in the heart of the Carolina Core. The location offers convenient access to Business 40 and South Main Street. Suites 220, 222, 320, and 322 are being sold as a packaged portfolio. The combined square footage of these suites is approximately 4701 square feet, presenting an investment opportunity.
Key Highlights
- Packaged portfolio of four office suites in Linville Professional Office Center.
- Excellent location in the heart of the Carolina Core.
- Combined square footage of 4701 SF +/-.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,835
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,700
$1.1M
Cap Rate 7%
$797,643
$797.6K
Cap Rate 9%
$620,389
$620.4K
Market Conditions
NOI Build-Up for 4,701 SF
Gross rent
$93.6K $19.92/SF
− Vacancy
−$19.2K −$4.08/SF
EGI
$74.4K $15.84/SF
− OpEx
−$18.6K −$3.96/SF
NOI
$55.8K $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 Rate 5%
$1,116,700
Cap Rate 7%
$797,643
Cap Rate 9%
$620,389
Alternative Uses
Best Use
Office B
$797.6K
$697.9K – $930.6K
NOI $55,835 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $85,011 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
759
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suites in Linville Professional Office Center for sale.
Where is this office unit located?
The property is located at 900 Old Winston Rd Unit 222 Kernersville, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Packaged portfolio of four office suites in Linville Professional Office Center.; Excellent location in the heart of the Carolina Core.; Combined square footage of 4701 SF +/-.
