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Property profile & analytics
OFF-MARKET
Retail space
2040 Mtn St, Kernersville, NC 27284-8957
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2188847
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
WOOD FRAME
Total area
1,290 SF
Lot
0.38 ac (16,553 SF)
Zoning code
RS9
APN
6866-99-2177.00
UPID
US53-2188847
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
-
Branscomb Dental Lab Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ostasha N Strickland · 1 yrs held
Ostasha N Strickland
since 2024
Last sale
$227,000
4 recorded transactions
Zoning & alternative use
RS9 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$903
Tax year 2023
Assessed value
$84,000
Assessed 2024
Previous assessed
$61,700
+36.1% YoY
Effective rate
1.08%
On assessed value
Assessed land
$23,600
Assessed improvement
$60,400
Land market value
$23,600
Improvement market value
$60,400
Total market value
$84,000
Applied tax rate
7,914.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
1,290 SF
Lot
0.38 ac (16,553 SF)
Zoning code
RS9
APN
6866-99-2177.00
UPID
US53-2188847
Jurisdiction
FORSYTH
Zoning & alternative use
RS9 · Kernersville, NC
Zoning RS9 · permitted uses
RS9 · 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
Year built
1958
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Ostasha N Strickland
Individual
Mailing address
2040 W MTN ST, KERNERSVILLE, NC 27284-8957
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
$227,000
Ostasha N Strickland
Wise Veritas LLC
Warranty Deed
$192,950 · Hallmark Home Mortgage LLC
May 11, 2023
$75,000
Michael Funderburke
2040 Properties LLC
Warranty Deed
—
Aug 22, 2022
$13,000
2040 Properties LLC
Terry Transou Branscomb
Warranty Deed
—
Jan 16, 2004
—
Terry T Branscomb
Branscomb,david A
Quit Claim Deed
related
—
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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