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    FOR LEASE
    Industrial properties

    1187 Shields Rd, Kernersville, NC 27284

    29,336 SF 2.65 ac lot Built 1998
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-0240820
    Property summary
    AI-generated overview

    This exceptional flex space property, located at 1187 Shields Rd in Kernersville, North Carolina, 27284, presents a fantastic leasing opportunity. The property, built in 1998, offers a total of 29,336 square feet of versatile industrial space, currently divided into multiple tenancies. Three individual units are immediately available for lease, each ranging in size from 5,000 to 7,500 square feet, providing flexibility for a variety of business needs. The property's "flex" designation highlights its adaptability, suitable for businesses requiring a blend of office and warehouse space. The ideal tenant will appreciate the strategic location in Kernersville, North Carolina, offering convenient access to major transportation routes and a thriving local economy. Leasing commences March 1, 2025. This is a rare opportunity to secure high-quality industrial space in a desirable location. The property's size and layout offer significant potential for businesses seeking expansion or relocation. Interested parties are encouraged to inquire promptly to secure their preferred unit size. The property's robust construction and functional design ensure a productive and efficient work environment. Don't miss this chance to establish your business in this prime Kernersville location.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1998
    Construction STEEL FRAME
    Total area 29,336 SF
    Lot 2.65 ac (115,434 SF)
    Zoning code GI-S
    APN 6885-26-5064.00
    UPID US53-0240820
    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
    • The Plumbing & Air Service Co. HVAC Service General Contractor
    • North Lake Association Or Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.92M
    Blend (final) Blend
    $4.38M
    Owner & transaction history
    Bri Tip LLC · 2 yrs held
    Bri Tip LLC
    since 2023
    Last sale
    $4.8M
    5 recorded transactions
    2024
    2023
    $105.0M
    2021
    2019
    $19.6M
    2001
    $622,000
    Zoning & alternative use
    GI-S · Kernersville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $5.5M +95.7%
    Auto repair, garage $4.4M +57.4%
    Retail stores $4.4M +56.2%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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