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 Market781
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: Aug 8
Last Checked: Jul 24 at 1:16PM
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
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 = 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
$55,835
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
5.61%
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%
$1,116,700
$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
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
$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 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%
$1,116,700
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suites in Linville Professional Office Center for sale.
Where is this office units 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 +/-.
