Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    853 Old Winston Rd Kernersville, NC 27284
    Back to Search
    Property profile & analytics

    853 Old Winston Rd Kernersville, NC 27284

    View on Map
    • Office Spaces
    • 3,705 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ridgeco Construction / General Contractor
    • Ridge Care / Nursing Home / Retirement Community
    • Triangle Visions Optometry / (Bike/Boat/Book/etc) Store
    • Barts Sarah H OD / Physician
    • Edward Jones - Financial Advisor: Eddie Conrad / Financial Advisor

    Property Details for 853 Old Winston Rd

    Property size
    3,705 SF
    Property type
    Office Spaces

    Description

    This exceptional office condo in Kernersville, NC, offers a flexible workspace ideal for office or medical practices. Located at 853 Old Winston Road, this property boasts two configuration options: a combined three-suite layout totaling 3,705 square feet, priced at $629,850, or all four suites combined for a spacious 5,409 square feet at $919,530. Each suite features a blend of private offices and open areas, catering to diverse business needs. The property benefits from ample parking and convenient access to Highway 421 and Main Street, enhancing its appeal and accessibility. The building's location is also advantageous, situated near I-40 and across from the Knolls @ Mill Creek. This turnkey solution includes a 1,704 square foot single-level option. Condo association dues are $250 per month per unit. This is a vacant property ready for immediate occupancy. The property is situated in Forsyth County, NC, zip code 27284.

    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
    -80.0919
    Latitude
    36.1115

    Comparable in this City

    • Value Estimation by Request
      1,092 SF

      950 Graves St Ste I

      OFFICE (GENERAL) • 1,092 SF
      950 Graves St Ste I, Kernersville, NC 27284-3246
      View Details
    • Value Estimation by Request
      1,156 SF

      104 Main St

      OFFICE (GENERAL) • 1,156 SF
      104 Main St, Kernersville, NC 27284-2816
      View Details
    • Value Estimation by Request
      1,401 SF

      210 Main St, Unit 240

      OFFICE (GENERAL) • 1,401 SF
      210 Main St, Kernersville, NC 27284-4004
      View Details
    • Value Estimation by Request
      936 SF

      210 Main St, Unit 250

      OFFICE (GENERAL) • 936 SF
      210 Main St, Kernersville, NC 27284-4004
      View Details
    • Value Estimation by Request
      950 SF

      210 Main St, Unit 274

      OFFICE (GENERAL) • 950 SF
      210 Main St, Kernersville, NC 27284-4004
      View Details
    • Value Estimation by Request
      1,560 SF

      2874 Nc Hwy 66th S

      OFFICE (GENERAL) • 1,560 SF
      2874 Nc Hwy 66th S, Kernersville, NC 27284-9175
      View Details

    Similar Nearby for Sale

    • $1,995,000
      4,755 SF

      Kernersville Office Space For Rent

      Updated office unit in a brick building, approximately 820 sqft.
      860 Salisbury 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 Branch Blvd, Kernersville, NC 27284
      View Details
    • Contact for pricing
      Pending

      Kernersville Office Park Portfolio

      Office suites in Linville Professional Office Center for sale.
      900 Old Winston Rd, Kernersville, NC 27284
      View Details
    • Contact for pricing
      7,000 SF

      Mixed-Use Property in Kernersville, NC

      Two mixed-use buildings totaling 7,000 SF in Kernersville.
      309 Pineview Dr, Kernersville, NC 27284
      View Details
    • Contact for pricing
      5.00 Acres

      Kernersville Commercial Land - 5 Acres

      Prime 5-acre commercial lot, ideal for build-to-suit or ground lease.
      0 Main St, Kernersville, NC 27284
      View Details
    • $192,500
      3.85 Acres

      Land Near Kernersville, NC

      Land near Kernersville with access to Winston-Salem and Greensboro.
      Glen Hollow Rd, Kernersville, NC 27284
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,803 SF

      Office Space in Kernersville, NC

      Office space for rent, conveniently located off W. Mountain Street.
      110 Hepler St, Kernersville, NC 27284
      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
    • $3,100 /Mo
      3,184 SF

      Conveniently Located Office Space

      Office space conveniently located off highway 66 in Kernersville, NC.
      110-121 Shields Park Dr, Kernersville, NC 27284
      View Details
    • $16 SF/Yr
      1,400 SF

      Kernersville Office Space For Rent

      Office space with two offices, bath, and break room.
      1407 Highway 66 S, Kernersville, NC 27284
      View Details
    • Contact for pricing
      4,639 SF

      Kernersville Specialty Property Available

      Specialty property available for rent in Kernersville, North Carolina.
      1381 S Park Dr, Kernersville, NC 27284
      View Details
    • $26 SF/Yr

      Retail Center with High Visibility

      Retail space available in a remodeled center with high traffic.
      S Main St, Kernersville, NC 27284
      View Details
    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.
    853 Old Winston Rd
    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
    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

    Thank You for Inquiry
    853 Old Winston Rd, Kernersville, NC, 27284
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!