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    Main St Kernersville, NC 27284

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    Main St Kernersville, NC 27284

    View on Map
    • Neighborhood centers
    • 13,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hallah I. Akhtar, RPH / Pharmacy
    • Kyles Coffee / Cafe & Coffee Shop
    • The UPS Store / Courier Service / Postal Service
    • Walmart Bakery / Bakery / Specialty Food Shop
    • N.C.D.M.V Driver's License / Driver'S License Office

    Property Details for 0 Main St

    Property size
    13,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This newly constructed and completely remodeled 13,000 square foot retail strip center offers two available spaces, ranging from 1,020 to 1,285 contiguous square feet. A total of 2,300 square feet is currently vacant, providing excellent opportunities for businesses seeking high-visibility locations. The property boasts exceptional visibility with frontage on all sides, ensuring maximum exposure to the high daily traffic count of 30,000 vehicles. Located on South Main Street and near Old Winston Road, this center benefits from a strong demographic profile. Within a 3-mile radius, the population exceeds 33,865, and within 5 miles, it surpasses 62,960, with average household incomes of $76,036 and $79,117 respectively. The property consists of a single, one-story building, offering convenient access and ample space. Tenant improvement allowances are negotiable. This is an exceptional opportunity to establish or expand your business in a thriving retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kernersville
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.0874
    Latitude
    36.1118

    Comparable in this City

    • Value Estimation
      $1,005,000
      56,656 SF

      1501 Un Cross Rd

      SHOPPING CENTER, STRIP CENTER • 56,656 SF
      1501 Un Cross Rd, Kernersville, NC 27284-6500
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    • Value Estimation
      $8,500,000
      24,000 SF

      1030 Main St

      SHOPPING CENTER, STRIP CENTER • 24,000 SF
      1030 Main St, Kernersville, NC 27284-7490
      View Details
    • Value Estimation
      $8,500,000
      29,068 SF

      1022 Main St

      SHOPPING CENTER, STRIP CENTER • 29,068 SF
      1022 Main St, Kernersville, NC 27284-4602
      View Details
    • Value Estimation
      $725,000
      39,051 SF

      838 Main St

      SHOPPING CENTER, STRIP CENTER • 39,051 SF
      838 Main St, Kernersville, NC 27284-3388
      View Details
    • Value Estimation by Request
      672 SF

      211 Nelson St

      DEPARTMENT STORE (MULTI-STORY) • 672 SF
      211 Nelson St, Kernersville, NC 27284-2573
      View Details
    • Value Estimation by Request
      3.22 Acres

      Un Cross Rd At Loradale Dr

      Land • 3.22 Acres
      0 Un Cross Rd At Loradale Dr, Kernersville, NC 27284
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,600 SF

      Retail Shoppes at Main Street

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      7,000 SF

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      1.64 Acre Wooded Lot

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      Prime Vacant Land in Kernersville

      42.07 +/- acres of vacant land with utilities.
      900 Grays Land Rd, Kernersville, NC 27284
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      Land in Kernersville, NC

      Land available at Union Cross Rd & I-40, Kernersville, NC.
      & I-40 Union Cross Rd, Kernersville, NC 27284
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on Main Street

      Retail center in downtown Kernersville with ample parking.
      428 North Main St, Kernersville, NC 27284
      View Details
    • $26 SF/Yr
      1,020 SF

      Retail Space in Kernersville Center

      Up to 2,300 SF available in retail center.
      803 Old Winston Rd, Kernersville, NC 27284
      View Details
    • Contact for pricing

      Retail Center with High Visibility

      Retail space available in a remodeled center with high traffic.
      S Main St, Kernersville, NC 27284
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      Industrial warehouse space for lease with ample parking.
      1620 Piedmont Commerce Dr, Kernersville, NC 27284
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      Versatile Flex and Industrial Spaces

      1.3 million sq ft of flex and industrial spaces.
      1301 S Park Dr, Kernersville, NC 27284
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      18,142 SF

      Kernersville Specialty Property Available

      Specialty property available for rent in Kernersville, North Carolina.
      1301 South Park Dr, Kernersville, NC 27284
      View Details
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    Main St
    Kernersville, NC 27284
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    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
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