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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Warehouses
121 Majestic Way Ct, Kernersville, NC 27284-3244
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1430836
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
STEEL FRAME
Total area
11,600 SF
Lot
1.3 ac (56,628 SF)
Zoning code
LI
APN
6886-73-6048.00
UPID
US53-1430836
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
-
Custom Machining Industrial Manufacturer
-
Commonwealth Blinds & Shades (Bike/Boat/Book/etc) Store Home Decor Store
-
I-V-Lee Carpet Cleaning Carpet Cleaning Service
-
The Plumbing Firm, LLC Plumbing Service General Contractor
-
Crafted Hardwoods General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$870k
Owner & transaction history
Ps Properties Of The Triad LLC · 6 yrs held
Ps Properties Of The Triad LLC
since 2020
7 recorded transactions
Zoning & alternative use
LI · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,205,000
Current use
INDUSTRIAL (GENERAL)
$1,105,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$75 / 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
$6,297
Tax year 2024
Assessed value
$404,000
Assessed 2024
Effective rate
1.56%
On assessed value
Assessed land
$123,300
Assessed improvement
$280,700
Land market value
$123,300
Improvement market value
$280,700
Total market value
$404,000
Applied tax rate
12,864.0000
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
1988
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
11,600 SF
Lot
1.3 ac (56,628 SF)
Zoning code
LI
APN
6886-73-6048.00
UPID
US53-1430836
Jurisdiction
FORSYTH
Zoning & alternative use
LI · Kernersville, NC
Zoning LI · permitted uses
LI · 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
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
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
1988
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Ps Properties Of The Triad LLC
Entity
Free & Clear · 6 yrs held
Mailing address
153 FURLONG INDUSTRIAL DRB, KERNERSVILLE, NC 27284-3242
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2020
—
Ps Properties Of The Triad LLC
Mjs & Gcp LLC
Warranty Deed
—
Aug 29, 2018
—
Mjs & Gcp LLC
—
Deed
related
$956,300 · Bank Of Oak Ridge
Oct 31, 2014
$205,500
Mjs & Gcp LLC
Jane Page Personal Props LLC
Grant Deed
$204,750 · Branch Bk&tr
Feb 14, 2008
—
Jane Page Personal Props LLC
Page,jane B
Quit Claim Deed
related
—
Mar 24, 2006
—
Jane B Page
Page,george C JR
Quit Claim Deed
related
—
—
—
Jane Page Personal Props LLC
—
Deed Of Trust
related
$200,000 · Branch Banking & Trust Co
—
—
Jane Page Personal Props LLC
—
Deed Of Trust
related
$249,000 · Branch Banking & Trust Co
—
—
Jane Page Personal Props LLC
—
Deed Of Trust
related
$307,125 · Branch Banking & Trust Co
—
—
Mjs & Gcp LLC
—
Deed Of Trust
related
$956,300 · Bank Of Oak Ridge
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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