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Property profile & analytics
OFF-MARKET
Estimated value
$310,000
Medical Office Space
633 Hopkins Rd Kernersville, NC 27284-9379
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-5716378
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
WOOD FRAME
Total area
3,612 SF
Lot
0.61 ac (26,572 SF)
Zoning code
LO-S
APN
6876-08-1988.00
UPID
US53-5716378
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
-
Morse & Doyle DDS Dental Office
-
Michael Doyle DDS Dental Office
-
Zachary Vance Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$310k
Owner & transaction history
633 Hopkins LLC · 18 yrs held
633 Hopkins LLC
since 2007
6 recorded transactions
Zoning & alternative use
LO-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The LO-S District is primarily intended to accommodate moderately intense medical, professional, administrative, and government office uses on small to mid- sized sites, in a suburban setting. The district is typically located near the intersection of a collector street or thoroughfare in areas which are otherwise developed with residences.
Zone name
Limited Office Special Use
General category
CIVIC_INSTITUTIONAL
Zone area
4.53 ac
Source
Realmo
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%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$675,000
Current use
AUTO REPAIR, GARAGE
$540,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$310k
Range $279k – $341k · ±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
$86 / 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
$6,654
Tax year 2023
Assessed value
$538,100
Assessed 2024
Previous assessed
$538,100
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$88,400
Assessed improvement
$449,700
Land market value
$88,400
Improvement market value
$449,700
Total market value
$538,100
Applied tax rate
12,864.0000
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
1994
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
3,612 SF
Lot
0.61 ac (26,572 SF)
Zoning code
LO-S
APN
6876-08-1988.00
UPID
US53-5716378
Jurisdiction
FORSYTH
Zoning & alternative use
LO-S · Kernersville, NCZoning LO-S · permitted uses
LO-S · Kernersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The LO-S District is primarily intended to accommodate moderately intense medical, professional, administrative, and government office uses on small to mid- sized sites, in a suburban setting. The district is typically located near the intersection of a collector street or thoroughfare in areas which are otherwise developed with residences.
Zone name
Limited Office Special Use
General category
CIVIC_INSTITUTIONAL
Zone area
4.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$540,000
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
1994
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
633 Hopkins LLC
Entity
Mailing address
633 HOPKINS RD, KERNERSVILLE, NC 27284-9379
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
—
633 Hopkins LLC
—
Deed
related
$150,000 · First Nations Bank
Oct 19, 2007
—
633 Hopkins LLC
Doyle,michael
Warranty Deed
—
Dec 30, 2005
$500,000
Michael Doyle
Michael S Schultz
Warranty Deed
$400,000 · Lexington State Bank
—
—
633 Hopkins LLC
—
Deed Of Trust
related
—
—
—
633 Hopkins LLC
—
Deed Of Trust
related
$266,000 · Newbridge Bank
—
—
Michael E Doyle
—
Deed Of Trust
related
$300,467 · Newbridge Bank
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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