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Property profile & analytics
OFF-MARKET
Estimated value
$4,715,000
Industrial properties
1209 Shields Rd, Kernersville, NC 27284-3979
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0240818
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
STEEL FRAME
Total area
21,930 SF
Lot
6.9 ac (300,564 SF)
Zoning code
GI-S
APN
6885-35-2855.00
UPID
US53-0240818
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 Traveling Trainer - Sean Pardue - Boxing and Fitness Gym & Fitness Center
-
Andy Dence Exercise Physiology & Personal Training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.72M
Owner & transaction history
Bri Tip LLC · 2 yrs held
Bri Tip LLC
since 2023
Last sale
$4.8M
4 recorded transactions
Zoning & alternative use
GI-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+95.7%
Auto repair, garage
$3.3M
+57.4%
Retail stores
$3.3M
+56.2%
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
$5,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,095,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,295,000
Change: +57% · Conversion: Easy
RETAIL STORES
$3,270,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,835,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$4.72M
Range $4.24M – $5.19M · ±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
$215 / 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
$37,929
Tax year 2024
Assessed value
$3,251,500
Assessed 2024
Previous assessed
$3,251,500
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$976,300
Assessed improvement
$2,275,200
Land market value
$976,300
Improvement market value
$2,275,200
Total market value
$3,251,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
21,930 SF
Lot
6.9 ac (300,564 SF)
Zoning code
GI-S
APN
6885-35-2855.00
UPID
US53-0240818
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
MEDICAL BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.8M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (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
1999
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
6.9 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
4 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
Jan 23, 2019
$19,578,500
Dogwood Propco L LP
Complete Properties INC
Warranty Deed
—
Mar 12, 2001
$1,522,000
Pope Companies INC
L E Pope Building Co INC
Grant Deed
related
$1,521,885 · L E Pope Building Co INC
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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