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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Warehouses
444 Bodenhamer St, Kernersville, NC 27284-2588
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-2314480
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
9,800 SF
Lot
7.09 ac (308,840 SF)
Zoning code
GI
APN
6886-08-4110.00
UPID
US53-2314480
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
-
Ferguson Waterworks Water Works Equipment Supplier Irrigation Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.28M
Owner & transaction history
Bodenhamer Street Prop LLC · 6 yrs held
Bodenhamer Street Prop LLC
since 2020
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
GI · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+79.8%
Auto repair, garage
$1.5M
+44.6%
Retail stores
$1.5M
+43.5%
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
$1,235,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,020,000
Current use
MEDICAL BUILDING
$1,830,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,470,000
Change: +45% · Conversion: Easy
RETAIL STORES
$1,460,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,270,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$935,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.17M (May 7 2020)
Last sale anchor
$1.17M
May 7 2020
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
$131 / 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
$21,955
Tax year 2023
Assessed value
$1,442,200
Assessed 2024
Previous assessed
$1,442,200
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$397,700
Assessed improvement
$1,044,500
Land market value
$397,700
Improvement market value
$1,044,500
Total market value
$1,442,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
9,800 SF
Lot
7.09 ac (308,840 SF)
Zoning code
GI
APN
6886-08-4110.00
UPID
US53-2314480
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Kernersville, NC
Zoning GI · permitted uses
GI · 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$935,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2017
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
7.09 ac
Current owner
From public records · entity-resolved
Bodenhamer Street Prop LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 33006, RALEIGH, NC 27636-3006
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2020
$1,174,000
Bodenhamer Street Prop LLC
Dogwood Propco I LP
Grant Deed
—
Jan 23, 2019
$1,154,500
Dogwood Propo I LP
Kxl LLC
Warranty Deed
—
Dec 20, 2012
$1,261,000
Kxl LLC
Parkside Drive Partners LLC
Warranty Deed
$1,271,500 · Le Pope Building Co INC
May 16, 2006
—
Parkside Drive Ptrs LLC
Owner Name Unavailable
Grant 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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