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Property profile & analytics
OFF-MARKET
Estimated value
$6,345,000
Warehouses
1140 Distribution Ct, Kernersville, NC 27284-0039
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4781083
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Total area
56,250 SF
Lot
9.51 ac (414,256 SF)
Zoning code
GI-S
APN
6885-57-6709.00
UPID
US53-4781083
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.78M
CAP Approach
CAP
$8.36M
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$6.35M
Owner & transaction history
Bri Tip LLC · 2 yrs held
Bri Tip LLC
since 2023
Last sale
$4.8M
2 recorded transactions
Zoning & alternative use
GI-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.5M
+79.8%
Auto repair, garage
$8.4M
+44.6%
Retail stores
$8.4M
+43.5%
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
$6,425,000
ML approach
$6,775,000
CAP Approach
CAP Return
Estimation
6%
$9,055,000
6.5%
$8,360,000
7%
$7,765,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,845,000
Current use
MEDICAL BUILDING
$10,505,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,445,000
Change: +45% · Conversion: Easy
RETAIL STORES
$8,385,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,275,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,370,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$6.35M
Range $5.71M – $6.98M · ±10% · vs last sale $4.77M (Oct 16 2023)
Last sale anchor
$4.77M
Oct 16 2023
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
$113 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$67,898
Tax year 2024
Assessed value
$5,804,900
Assessed 2024
Effective rate
1.17%
On assessed value
Assessed land
$570,500
Assessed improvement
$5,234,400
Land market value
$570,500
Improvement market value
$5,234,400
Total market value
$5,804,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
2
Stories
1
Total area
56,250 SF
Lot
9.51 ac (414,256 SF)
Zoning code
GI-S
APN
6885-57-6709.00
UPID
US53-4781083
Jurisdiction
FORSYTH
Zoning & alternative use
GI-S · Kernersville, NC
Zoning GI-S · permitted uses
GI-S · Kernersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kernersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$7.3M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2014
Heating
NONE
Stories
1
Buildings
2
Lot
9.51 ac
Current owner
From public records · entity-resolved
Bri Tip LLC
Entity
Mailing address
9450 SW GEMINI DR #73225, BEAVERTON, OR 97008-7105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
Argentic Real Estate Investment 2 L
—
Deed
related
$85,350,000 · Argentic Real Estate Investment 2 LLC
Oct 16, 2023
$105,000,000
Bri Tip LLC
Dogwood Propco I LP
Special Warranty Deed
$85,350,000 · Argentic Real Estate Investment 2 L
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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