Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    122 Majestic Way Ct Kernersville, NC 27284-3243

    • Industrial properties
    • 3,000 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    Jan 13, 2022
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1610285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 122 Majestic Way Ct

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    0.67 lot acres
    Property size
    3,000 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    6886-72-6717.00
    APU
    688672671700

    Description

    This exceptional 3,000-square-foot industrial property, ideally suited for an auto shop, is available for lease in Kernersville, North Carolina. Situated on a 0.67-acre lot at 122 Majestic Way Ct, 27284, this single-tenant space offers significant advantages for automotive businesses. The building boasts an impressive 18-foot ceiling height, providing ample vertical space for equipment and storage. Two convenient drive-in doors, located at both the front and rear of the building, ensure efficient workflow and easy access for vehicles. Inside, you'll find two restrooms and dedicated office space, enhancing functionality and professionalism. Additional mezzanine storage is available, maximizing storage capacity. Ample parking is provided both in front and in the rear of the building, accommodating customers and employees with ease. The monthly lease rate is $3,650.00, NNN. This property presents a fantastic opportunity for a growing automotive business seeking a well-equipped and conveniently located space in Kernersville. Don't miss out on this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kernersville
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.0576
    Latitude
    36.116
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,515
    $95,900
    $115,100
    $211,000
    -
    $95,900
    $115,100
    $211,000

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      Church Ln

      INDUSTRIAL (GENERAL) • 0.05 Acres
      Church Ln, Kernersville, NC 27284
      View Details
    • Value Estimation by Request
      0.64 Acres

      3968 Hastings Rd

      INDUSTRIAL (GENERAL) • 0.64 Acres
      3968 Hastings Rd, Kernersville, NC 27284-9575
      View Details
    • Value Estimation by Request
      0.62 Acres

      60 Mccracken Rd

      INDUSTRIAL (GENERAL) • 0.62 Acres
      60 Mccracken Rd, Kernersville, NC 27284
      View Details
    • Value Estimation by Request
      1,800 SF

      703 Main St

      LUMBERYARD, BUILDING MATERIALS • 1,800 SF
      703 Main St, Kernersville, NC 27284-2423
      View Details
    • Value Estimation by Request
      4,540 SF

      683 Gralin St

      INDUSTRIAL LOFT BUILDING • 4,540 SF
      683 Gralin St, Kernersville, NC 27284-3457
      View Details
    • Value Estimation
      $9,385,000
      86,632 SF

      1601 Old Greensboro Rd

      INDUSTRIAL (GENERAL) • 86,632 SF
      1601 Old Greensboro Rd, Kernersville, NC 27284-6855
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.47 Acres

      Kernersville Industrial Lots For Sale

      Two flex industrial lots, build-to-suit option.
      0 Gretas Way Ct, Kernersville, NC 27284
      View Details
    • $49,900

      Kernersville Warehouse Land Investment

      Prime NC location, commercial potential.
      811 Birch Ln, Kernersville, NC 27284
      View Details
    • $1,342,900
      20.66 Acres

      Kernersville Industrial Land Investment

      20+ Acres, Prime Location, $65k/Acre
      9015 Stack Rd, Kernersville, NC 27284
      View Details
    • $475,000
      1.24 Acres

      Kernersville Commercial Land - $475K

      1.24-acre lot, GB-S zoning, high visibility.
      843 Old Winston Rd, Kernersville, NC 27284
      View Details
    • $1,024,599
      20.49 Acres

      Lee Street Development Land, NC

      20+ Acres Residential Development Site in Kernersville.
      0 Lee St, Kernersville, NC 27284
      View Details
    • Contact for pricing
      11.72 Acres

      Tulane Dr

      Land • 11.72 Acres
      0 Tulane Dr, Kernersville, NC 27284
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      13,870 SF

      Industrial Space in Kernersville

      Industrial property available for lease in Kernersville, North Carolina.
      1349 S Park Dr, Kernersville, NC 27284
      View Details
    • Contact for pricing
      15,750 SF

      Prime Flex Space, South Park Dr

      15,750 SF Flex Space Available
      1175 Park Dr, Kernersville, NC 27284
      View Details
    • Contact for pricing
      29,336 SF

      Kernersville Flex Space Available

      Industrial Flex Space: 3 Units, NC
      1187 Shields Rd, Kernersville, NC 27284
      View Details
    • Contact for pricing
      312,361 SF

      Kernersville Industrial Warehouse Space

      Modern warehouse space for lease in NC.
      1605 Piedmont Commerce Dr, Kernersville, NC 27284
      View Details
    • Contact for pricing
      4,500 SF

      Prime Flex Space Available Now

      4,500 SF Industrial Flex Space
      1301 Park Dr, Kernersville, NC 27284
      View Details
    • Contact for pricing
      669,110 SF

      Piedmont Commerce Center Warehouse Space

      Modern Kernersville warehouse, flexible space available.
      1620 Piedmont Commerce Dr, Kernersville, NC 27284
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    122 Majestic Way Ct
    Kernersville, NC 27284-3243
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.