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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    149 Cherry St Kernersville, NC 27284-2823

    • Medical offices
    • 1,596 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    5.9%
    Medical offices
    Location Intelligence
    Property ID
    US53-1307334
    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

    • Dr. Otis D. Curling Jr, MD / Neurosurgeon
    • Ena's Massage (NC Med Massage) / Life Coach / Health Consultant
    • Romerg Little Spa skin Care & Paramedical Aesthetics / Massage Therapist / Laser Hair Removal Service
    • Hair Loss / Hair Replacement Service

    Property Details for 149 Cherry St

    Year built
    1980
    Construction
    BRICK
    Lot size
    0.20 lot acres
    Property size
    1,596 SF
    Zone code
    GB
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    6886-24-8943.00
    APU
    688624894300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $315,000
      6.5%
      $290,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $206,000
      Market price range: $74.9k - $508k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $300,000
      Current use
      AUTO REPAIR, GARAGE
      $240,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kernersville
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.0738
    Latitude
    36.1218
    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
    $1,982
    $51,200
    $92,300
    $143,500
    -
    $51,200
    $92,300
    $143,500

    Comparable in this City

    • Value Estimation
      $1,290,000
      368,909 SF

      1695 Kernersville Medical Pkwy

      MEDICAL BUILDING • 368,909 SF
      1695 Kernersville Medical Pkwy, Kernersville, NC 27284-7159
      View Details
    • Value Estimation
      $300,000
      1,849 SF

      900 Old Winston Rd Ste, Unit 208

      MEDICAL BUILDING • 1,849 SF
      900 Old Winston Rd Ste, Kernersville, NC 27284-9965
      View Details
    • Value Estimation
      $890,000
      4,946 SF

      210 Broad St

      MEDICAL BUILDING • 4,946 SF
      210 Broad St, Kernersville, NC 27284-2930
      View Details
    • Value Estimation
      $355,000
      7,280 SF

      815 Old Winston Rd

      MEDICAL BUILDING • 7,280 SF
      815 Old Winston Rd, Kernersville, NC 27284-7124
      View Details
    • Value Estimation
      $260,000
      978 SF

      210 Main St Ste, Unit 146

      MEDICAL BUILDING • 978 SF
      210 Main St Ste, Kernersville, NC 27284-4003
      View Details
    • Value Estimation
      $995,000
      39,959 SF

      1635 Nc Hwy 66th S

      MEDICAL BUILDING • 39,959 SF
      1635 Nc Hwy 66th S, Kernersville, NC 27284-3854
      View Details

    Similar Nearby for Sale

    • $995,000
      4,701 SF

      Linville Medical Office Center

      Kernersville, NC: Prime Medical Office Investment
      900 Old Winston Rd, Kernersville, NC 27284
      View Details
    • $6,916,000
      55.75 Acres

      Kernersville Commercial Land - 55.75 Acres

      Prime 55.75-acre development site in booming Kernersville, NC.
      1630 Pecan Ln, Kernersville, NC 27284
      View Details
    • $950,000
      1,000 SF

      Kernersville QSR/Fast Food Opportunity

      Prime NC location, build-to-suit or sale.
      405 Main St, Kernersville, NC 27284
      View Details
    • Contact for pricing
      5.00 Acres

      Kernersville Commercial Land - 5 Acres

      Prime 5-acre commercial lot, ideal for build-to-suit or ground lease.
      0 Main St, Kernersville, NC 27284
      View Details
    • $900,000
      3.02 Acres

      Kernersville Commercial Land Opportunity

      3.02+/- acre commercial land near I-40 in Kernersville, NC.
      1480 Hampton Plaza Dr, Kernersville, NC 27284
      View Details
    • $40,000
      Pending

      Wooded Acreage in Growing Area

      6.6 acres near HWY 421, suitable for residential development.
      310 Hastings Hill Rd, Kernersville, NC 27284
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,803 SF

      Office Space in Kernersville, NC

      Office space for rent, conveniently located off W. Mountain Street.
      110 Hepler St, Kernersville, NC 27284
      View Details
    • $1,995,000
      820 SF

      Kernersville Office Space For Rent

      Updated office unit in a brick building, approximately 820 sqft.
      860 Salisbury St, Kernersville, NC 27284
      View Details
    • $3,100 /Mo
      3,184 SF

      Conveniently Located Office Space

      Office space conveniently located off highway 66 in Kernersville, NC.
      110-121 Shields Park Dr, Kernersville, NC 27284
      View Details
    • Contact for pricing

      Kernersville Office Space For Rent

      Meticulously maintained office space near downtown Kernersville with ample parking.
      325 N Main St, Kernersville, NC 27284
      View Details
    • Contact for pricing
      4,000 SF

      Kersnersville Retail Opportunity

      Build-to-Suit or NNN Lease
      405 Main St, Kernersville, NC 27284
      View Details
    • Contact for pricing
      45,000 SF

      Prime Flex Space, South Park Dr.

      Versatile Industrial Units Available Now
      1381 Park Dr, Kernersville, NC 27284
      View Details
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    149 Cherry St
    Kernersville, NC 27284-2823
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    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
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