Property profile

305 Mtn St Kernersville, NC 27284

OFF-MARKET
Auto shops
Property ID
US53-0087656
2,149 SF 0.56 ac lot Built 1970
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 17,575 square foot, single-story retail center in Forsyth County is situated on a 1.47-acre lot at 305 W Mountain St. Built in 1986, the property offers 101 parking spaces and is zoned HB. Currently, there is 1,494 square feet of vacant space available for lease, perfect for a variety of retail businesses. The property boasts a prime location, benefiting from high visibility and convenient access to downtown Kernersville. Its strategic placement near major retailers such as Walmart, Lowe's, and Food Lion ensures a consistent flow of potential customers. The existing tenant mix caters to a diverse range of consumer needs, creating a vibrant and thriving commercial environment. The property's APN is 6886-15-9179. This presents a unique opportunity for businesses seeking a well-established location with high foot traffic and strong community presence. The available space offers excellent potential for growth and success within a bustling commercial area. The property's single-story design and ample parking provide easy accessibility for customers and employees alike. Don't miss this chance to secure a prominent retail space in a thriving Kernersville location.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Construction BRICK
Total area 2,149 SF
Lot 0.56 ac (24,394 SF)
Zoning code GB
APN 6886-43-2793.00
UPID US53-0087656

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
  • Gas Station
  • Restaurant
  • Grocery & Convenience Store
  • Atm

Location

305 Mtn St Kernersville, NC 27284-2942
Kernersville metro Census 3202 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2011
3 recorded transactions
2011
$310,000
2007
$497,500
2001
$434,500

Zoning & alternative use

GB · Kernersville, NC
Zoning description

J. GB G eneral Business District Intent . The GB District is primarily intended to accommodate a wide range of retail, service, and office uses located along thoroughfares in areas which have developed with minimal front…

General category PLANNED_DEVELOPMENT

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
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