Property profile

556 Arbor Hill Rd Kernersville, NC 27284

FOR LEASE
Industrial properties
Property ID
US53-0054785
16,512 SF 1.61 ac lot Built 1988
Entity Owned 19-yr Hold ~ Est. High Equity
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No photos on file
For Lease
$12 SF/Yr 3,696 SF available
556 Arbor Hill Rd, Kernersville, NC 27284
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Property summary

AI-generated overview

This exceptional 4,588 square foot office and flex space is ideally situated at 556 Arbor Hill Road in Kernersville, North Carolina, within Forsyth County. Built in 1988, the property offers a versatile layout suitable for a variety of businesses. The entire building, totaling 4,588 square feet, is currently available for lease as a single unit, presenting a unique opportunity for a company seeking ample space. The property is classified as both office and industrial, catering to businesses requiring a blend of office and flex space. The ample parking provision of 4.02 spaces per 1,000 square feet ensures convenient parking for employees and clients. The property's location in Kernersville, NC, zip code 27284, offers easy access to major transportation routes and local amenities. This is a multi-tenant building, however, the entire space is currently vacant and ready for immediate occupancy. This presents a rare chance to secure a substantial and adaptable workspace in a desirable location. The property's flexible nature makes it suitable for a wide range of business needs, from executive offices to light industrial operations. Interested parties are encouraged to inquire for further details and to schedule a viewing.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1988
Construction STEEL FRAME
Total area 16,512 SF
Lot 1.61 ac (70,132 SF)
Zoning code HB
APN 6876-70-8304.00
UPID US53-0054785

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
  • Hardware & Home Improvement
  • Hardware & Home Improvement Production Facility
  • Industrial Manufacturer Production Facility
  • Church
  • Construction Company

Location

556 Arbor Hill Rd Kernersville, NC 27284
Kernersville metro Census 3307 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.34M
Comparable Approach Comparable
$2.10M
Blend (final) Blend
$1.99M

Owner & transaction history

since 2007
7 recorded transactions
2017
Price N/A
2016
Price N/A
2007
$1.4M
2004
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HB · Kernersville, NC
Zoning description

shall be stored only in motor vehicle storage yards located in the HB, LI, or GI Districts. A motor vehicle storage yard which stores a tanker which has contained a hazardous substance shall be enclosed by a minimum six…

General category COMMERCIAL
Top alternative use upside
Medical building $3.1M +95.7%
Auto repair, garage $2.5M +57.4%
Retail stores $2.5M +56.2%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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