Property profile

2020 Mtn St Kernersville, NC 27284

OFF-MARKET
Retail space
Property ID
US53-1039418
1,944 SF 1.16 ac lot Built 1973
Individually Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,400 square foot commercial property, located at 2020 W. Mountain Street in Kernersville, North Carolina, presents a unique investment opportunity. Built in 1973 and renovated in 1986, this single-story building sits on a 1.16-acre lot (APN 6866-99-6392) and is zoned HB. Its versatile nature allows for a variety of uses, including restaurant, medical, office, or flexible space, making it ideal for entrepreneurs and investors alike. The property's prime location is less than a mile from the new Northern Beltway, ensuring high visibility and accessibility. Strong demographics support the area, with populations ranging from 27,563 to 127,416 within a 3-7 mile radius, boasting 12,767 to 50,182 households and median ages between 38.2 and 42.4 years. Average household incomes in the area range from $83,461 to $98,795. This property offers significant potential for growth and profitability in a thriving community. The asking price is $750,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Construction CONCRETE
Total area 1,944 SF
Lot 1.16 ac (50,530 SF)
Zoning code HB
APN 6866-99-6392.00
UPID US53-1039418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Locksmith (Bike/Boat/Book/etc) Store

Location

2020 Mtn St Kernersville, NC 27284-8957
Kernersville metro Census 3004 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2015
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HB · Kernersville, NC
Zoning description

shall be stored only in motor vehicle storage yards located in the HB, LI, or GI Districts. A motor vehicle storage yard which stores a tanker which has contained a hazardous substance shall be enclosed by a minimum six…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2020 Mtn St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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