Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,575,000
Medical Office Space
240 Broad St Kernersville, NC 27284-2930
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-1555774
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
STEEL FRAME
Total area
14,259 SF
Lot
4.67 ac (203,425 SF)
Zoning code
GO-S,RS12
APN
6886-32-2367.00
UPID
US53-1555774
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
-
Bill A. Ricketts, PA-C Physician
-
Vanessa Ajizian Pediatrician Medical Clinic
-
Susan H. Grainger, PNP Pediatrician Medical Clinic
-
Ross Michael M MD Physician
-
Kearns Stephen C MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.58M
Owner & transaction history
Kernersville 291 Apl Mp LLC · 7 yrs held
Kernersville 291 Apl Mp LLC
since 2019
2 recorded transactions
Zoning & alternative use
GO-S,RS12 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,805,000
6.5%
$2,585,000
7%
$2,400,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,665,000
Current use
AUTO REPAIR, GARAGE
$2,140,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±10%
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
$181 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$39,549
Tax year 2023
Assessed value
$3,115,200
Assessed 2024
Previous assessed
$3,115,200
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$678,100
Assessed improvement
$2,437,100
Land market value
$678,100
Improvement market value
$2,437,100
Total market value
$3,115,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
14,259 SF
Lot
4.67 ac (203,425 SF)
Zoning code
GO-S,RS12
APN
6886-32-2367.00
UPID
US53-1555774
Jurisdiction
FORSYTH
Zoning & alternative use
GO-S,RS12 · Kernersville, NCZoning GO-S,RS12 · permitted uses
GO-S,RS12 · Kernersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.67 ac
Current owner
From public records · entity-resolved
Kernersville 291 Apl Mp LLC
Entity
Free & Clear · 7 yrs held
Mailing address
181 W MADISON ST, CHICAGO, IL 60602-4510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2019
$5,645,500
Kernersville 291 Apl Mp LLC
Bcc Carolina II LLC
Special Warranty Deed
—
Jul 13, 2009
$3,208,000
Bcc Carolina II LLC
Novant Health INC
Grant 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.
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 240 Broad 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
