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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Commercial land
1380 Old Salem Rd, Kernersville, NC 27284-3722
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-0020897
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
8.04 ac (350,222 SF)
Zoning code
TND-S
APN
6884-58-1314.00
UPID
US53-0020897
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
-
Cone Health Healthy Weight & Wellness at Welden Village Weight Loss Service Doctor
-
Cone Health Primary Care at Welden Village Pediatrician Physician
-
Karen Rich Dolby, NP Pediatrician Physician
-
Stephanie Rudd Tickerhoff, FNP-C Physician
-
Alethea Yvette Rucker, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.82M
Owner & transaction history
Thomas L Paulson · 2 yrs held
Thomas L Paulson
since 2024
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
TND-S · 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
$3,815,000
ML approach
$3,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±10% · vs last sale $3.82M (Feb 20 2024)
Last sale anchor
$3.82M
Feb 20 2024
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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,993
Tax year 2023
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
8.04 ac (350,222 SF)
Zoning code
TND-S
APN
6884-58-1314.00
UPID
US53-0020897
Jurisdiction
FORSYTH
Zoning & alternative use
TND-S · Kernersville, NC
Zoning TND-S · permitted uses
TND-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.
Building & site characteristics
From public records
Lot
8.04 ac
Current owner
From public records · entity-resolved
Thomas L Paulson
Individual
Free & Clear · 2 yrs held
Mailing address
412 N MARSHALL ST, WINSTON SALEM, NC 27101-2815
Ownership since
2024
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
Feb 20, 2024
$3,815,500
Thomas L Paulson
Welden Cb2 Mob1 LLC
Special Warranty Deed
—
Feb 19, 2024
—
Welden Cb2 Mob1 LLC
Welden Commercial Holdings LLC
Intrafamily Transfer
related
—
Aug 24, 2022
—
Welden Commercial Holdings LLC
Pm Development LLC
Special Warranty Deed
$1,061,113 · First Horizon Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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