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Property profile & analytics
FOR SALE
Medical Office Space
280 Broad St, Kernersville, NC 27284
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0525408
For Sale
1 / 9
$1,885,000
280 Broad St, Kernersville, NC 27284
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
BRICK
Total area
17,747 SF
Lot
4.4 ac (191,664 SF)
Zoning code
GO-S
APN
6886-32-3013.00
UPID
US53-0525408
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
-
Dr. William H. Satterfield, MD Physician
-
Dr. Gregory G. Holthusen, MD Physician
-
Dr. Christine Hagen Physician Medical Clinic
-
Westgate Dermatology and Laser Center, P.A. Physician Medical Clinic
-
Apsara Prasad, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$1.89M
Owner & transaction history
Scripter Properties LLC · 6 yrs held
Scripter Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
GO-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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,665,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±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
$106 / 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
$1,166
Tax year 2023
Assessed value
$1,598,600
Assessed 2024
Previous assessed
$1,598,600
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed improvement
$1,598,600
Improvement market value
$1,598,600
Total market value
$1,598,600
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
For Sale
Year built
1989
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
6
Total area
17,747 SF
Lot
4.4 ac (191,664 SF)
Zoning code
GO-S
APN
6886-32-3013.00
UPID
US53-0525408
Jurisdiction
FORSYTH
Zoning & alternative use
GO-S · Kernersville, NC
Zoning GO-S · permitted uses
GO-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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.7M
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
1989
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
4.4 ac
Current owner
From public records · entity-resolved
Scripter Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2150 COUNTRY CLB RD STE #230, WINSTON SALEM, NC 27104-4247
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
—
Pisces 2 LLC
—
Deed
related
$1,850,000 · First Bank
Apr 2, 2020
$190,000
Scripter Properties LLC
Unit B LLC
Grant Deed
—
Oct 9, 2019
$412,000
Broadstreet Executive Associates Ll
Unit B LLC
Special Warranty Deed
$412,000 · First Citizens Bank & Trust Co
Nov 27, 2018
$252,000
Koco Properties LLC
Central Triad Medical Park Partners
Special Warranty Deed
$152,000 · First Citizens Bank & Trust Co
Dec 2, 2016
$1,900,000
Pisces 2 LLC
Piedmont Capital II LLC
Grant Deed
$1,140,000 · Bank Of America
Mar 12, 2009
—
Central Triad Medical Park Own
Owner Name Unavailable
Grant Deed
related
—
—
—
Centeral Triad Medical Park Pa
—
Deed Of Trust
related
$1,500,000 · Central Carolina Bank & Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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