Property profile

1187 Shields Rd Kernersville, NC 27284

FOR LEASE
Industrial properties
Property ID
US53-0240820
29,336 SF 2.65 ac lot Built 1998
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • Association Or Organization

Location

1187 Shields Rd Kernersville, NC 27284
Kernersville metro Census 3315 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.92M
Blend (final) Blend
$6.43M

Owner & transaction history

since 2023
Last sale
$4.8M
5 recorded transactions
2024
Price N/A
2023
$105.0M
2021
Price N/A
2019
$19.6M
2001
$622,000

Zoning & alternative use

GI-S · Kernersville, NC
Zoning description

The GI-S District is primarily intended to accommodate a wide range of assembling, fabricating, and manufacturing activities. The district is established for the purpose of designating appropriate locations and establish…

General category INDUSTRIAL
Top alternative use upside
Medical building $5.5M +95.7%
Auto repair, garage $4.4M +57.4%
Retail stores $4.4M +56.2%

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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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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