Property profile

109 Oak St Kernersville, NC 27284

FOR SALE
Office Spaces
Property ID
US53-2048658
2,100 SF 0.48 ac lot
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109 Oak St, Kernersville, NC 27284
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Property summary

AI-generated overview

This exceptional Kernersville, NC commercial property at 109 Oak Street presents a unique investment opportunity. The 0.48-acre lot boasts a 2,100 square foot building currently configured as an office, but its Highway Business (HB) zoning allows for a variety of uses, including potential conversion to retail space. The existing structure offers 1,656 square feet of usable space, with an additional 444 square feet that may require further assessment. Priced at $225,000, this translates to $107.14 per square foot. The property benefits from high visibility and easy accessibility, situated in a strong daytime population area. Two adjacent vacant lots are also available for purchase, presenting potential for expansion or development. The single-story building is classified as Class C and sits on a single lot. This is an ideal opportunity for an investor seeking a versatile commercial property with significant upside potential in a desirable location. The property's address is 109 Oak Street, Kernersville, NC 27284.

Property profile

Verified
Property type Office Spaces
Total area 2,100 SF
Lot 0.48 ac (20,909 SF)
UPID US53-2048658

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

109 Oak St Kernersville, NC 27284
Kernersville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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