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Property profile & analytics
OFF-MARKET
Estimated value
$6,425,000
Warehouses
1351 Bridgeport Dr Kernersville, NC 27284-3733
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4808074
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
37,210 SF
Lot
3.17 ac (138,085 SF)
Zoning code
GI-S
APN
6885-36-1321.00
UPID
US53-4808074
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
-
Press Clean USA LLC Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.42M
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$6.43M
Owner & transaction history
Bri Tip LLC · 2 yrs held
Bri Tip LLC
since 2023
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
GI-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 establishing development regulations for uses which may have significant environmental impacts or which require special measures to ensure compatibil…
Zone name
General Industrial Special Use
General category
INDUSTRIAL
Zone area
222.27 ac
Source
Realmo
Top alternative use upside
Medical building
$7.0M
+79.8%
Auto repair, garage
$5.6M
+44.6%
Retail stores
$5.5M
+43.5%
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
$6,415,000
CAP Approach
CAP Return
Estimation
6%
$5,990,000
6.5%
$5,530,000
7%
$5,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,865,000
Current use
MEDICAL BUILDING
$6,950,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,585,000
Change: +45% · Conversion: Easy
RETAIL STORES
$5,545,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,815,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,550,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$6.43M
Range $5.78M – $7.07M · ±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
$173 / 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
$24,718
Tax year 2024
Assessed value
$1,911,100
Assessed 2024
Previous assessed
$1,911,100
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$356,100
Assessed improvement
$1,555,000
Land market value
$356,100
Improvement market value
$1,555,000
Total market value
$1,911,100
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
1998
Heating
NONE
Stories
1
Total area
37,210 SF
Lot
3.17 ac (138,085 SF)
Zoning code
GI-S
APN
6885-36-1321.00
UPID
US53-4808074
Jurisdiction
FORSYTH
Zoning & alternative use
GI-S · Kernersville, NCZoning 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
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 establishing development regulations for uses which may have significant environmental impacts or which require special measures to ensure compatibility with adjoining properties.
Zone name
General Industrial Special Use
General category
INDUSTRIAL
Zone area
222.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1998
Heating
NONE
Stories
1
Lot
3.17 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
3 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
—
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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