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Property profile & analytics
OFF-MARKET
Estimated value
$8,500,000
Strip malls
1030 Main St Kernersville, NC 27284-7490
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1900244
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
24,000 SF
Lot
4.73 ac (206,039 SF)
Zoning code
HB-S
APN
6876-50-2068.00
UPID
US53-1900244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
UnderPar Golf Lounge Golf Course
-
University Dental Associates - Kernersville Dental Office
-
Leslie's (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Hemporia CBD and Delta 8 THC (Bike/Boat/Book/etc) Store Cosmetic Store
-
Holly Nails Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.50M
CAP Approach
CAP
$6.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.50M
Owner & transaction history
Swnc Southside Square LLC · 1 yrs held
Swnc Southside Square LLC
since 2024
Last sale
$8.5M
3 recorded transactions
Zoning & alternative use
HB-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HB-S District is primarily intended to accommodate retail service and distributive uses. The district is established to provide locations for establishments which require high visibility and good road access, or which cater primarily to passing motorists. However, the district is not intended to encourage or accommodate strip commercial development. Deve…
Zone name
Highway Business Special Use
General category
COMMERCIAL
Zone area
373.38 ac
Source
Realmo
Top alternative use upside
Restaurant
$8.6M
+4,024.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kernersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kernersville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,500,000
ML approach
$8,500,000
CAP Approach
CAP Return
Estimation
6%
$7,235,000
6.5%
$6,675,000
7%
$6,200,000
Alternative Use
Use
Estimation
RESTAURANT
$8,610,000
Change: +4,025% · Conversion: Difficult
Blend value · Realmo final
$8.50M
Range $7.65M – $9.35M · ±10% · vs last sale $8.50M (Aug 1 2024)
Last sale anchor
$8.50M
Aug 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$354 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$63,564
Tax year 2023
Assessed value
$5,128,300
Assessed 2024
Effective rate
1.24%
On assessed value
Assessed land
$1,574,500
Assessed improvement
$3,553,800
Land market value
$1,574,500
Improvement market value
$3,553,800
Total market value
$5,128,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
1
Bathrooms
11
Total area
24,000 SF
Lot
4.73 ac (206,039 SF)
Zoning code
HB-S
APN
6876-50-2068.00
UPID
US53-1900244
Jurisdiction
FORSYTH
Zoning & alternative use
HB-S · Kernersville, NCZoning HB-S · permitted uses
HB-S · Kernersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HB-S District is primarily intended to accommodate retail service and distributive uses. The district is established to provide locations for establishments which require high visibility and good road access, or which cater primarily to passing motorists. However, the district is not intended to encourage or accommodate strip commercial development. Developments in this district generally have substantial front setbacks.
Zone name
Highway Business Special Use
General category
COMMERCIAL
Zone area
373.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.6M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
3
Bathrooms
11
Lot
4.73 ac
Current owner
From public records · entity-resolved
Swnc Southside Square LLC
Entity
Mailing address
3800 W COLONNADE PKWY STE #250, BIRMINGHAM, AL 35243-2351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
$170,000
Swnc Southside Square LLC
Southside Re Development Company Ll
Special Warranty Deed
—
Sep 28, 2006
—
Southside Re-dev Co LLC
Kernersville Re-dev Co LLC
Grant Deed
$11,900,000 · Prudential Mortgage Capital Co
—
—
Southside Re-dev Co LLC
—
Deed Of Trust
related
$10,850,000 · Everbank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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