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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
115 Adams St, Kernersville, NC 27284-2601
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0445699
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1993
Total area
5,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
HB
APN
6886-45-4948.00
UPID
US53-0445699
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
-
Bath Fitter Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$630k
Owner & transaction history
Mmap Kv LP · 4 yrs held
Mmap Kv LP
since 2022
Last sale
$563,000
1 recorded transaction
Zoning & alternative use
HB · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$935,000
+79.8%
Auto repair, garage
$750,000
+44.6%
Retail stores
$745,000
+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
$770,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
MEDICAL BUILDING
$935,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +45% · Conversion: Easy
RETAIL STORES
$745,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$645,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$475,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $563k (May 18 2022)
Last sale anchor
$563k
May 18 2022
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
$126 / 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
$3,745
Tax year 2023
Assessed value
$305,100
Assessed 2024
Effective rate
1.23%
On assessed value
Assessed land
$98,400
Assessed improvement
$206,700
Land market value
$98,400
Improvement market value
$206,700
Total market value
$305,100
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
1993
Stories
1
Total area
5,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
HB
APN
6886-45-4948.00
UPID
US53-0445699
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Kernersville, NC
Zoning HB · permitted uses
HB · 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
$520,000
MEDICAL BUILDING
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$645,000
INDUSTRIAL (GENERAL)
Est. value
$475,000
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
1993
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Mmap Kv LP
Entity
Mailing address
115 ADAMS ST, KERNERSVILLE, NC 27284-2601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2022
$563,000
Mmap Kv LP
JR Rental Properties LLC
Special Warranty Deed
$450,000 · Truist Bank
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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