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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Warehouses
720 Park Ctr Dr, Kernersville, NC 27284-3778
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1419862
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
CONCRETE BLOCKS
Total area
12,048 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LI-S
APN
6885-46-8324.00
UPID
US53-1419862
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
-
Ward Construction & Remodeling Construction Company
-
Creative IT - IT Support & Managed IT Services in Kernersville, NC - IT Consulting Firm Tech Support Center (Bike/Boat/Book/etc) Store
-
Marketing Agency IT Support | Ad Agency IT Services | Creative IT Consultant
-
Window Gang General Contractor Renovation Specialist
-
Secure One Inc Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.30M
Owner & transaction history
Ted Blank & Associates INC · 2 yrs held
Ted Blank & Associates INC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LI-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+44.6%
Retail stores
$1.8M
+43.5%
Commercial (general)
$1.6M
+24.5%
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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,940,000
6.5%
$1,790,000
7%
$1,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,250,000
Current use
AUTO REPAIR, GARAGE
$1,810,000
Change: +45% · Conversion: Easy
RETAIL STORES
$1,795,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,560,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,150,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Jan 29 2024)
Last sale anchor
$1.30M
Jan 29 2024
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
$108 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,950
Tax year 2024
Assessed value
$895,500
Assessed 2024
Previous assessed
$895,500
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$244,600
Assessed improvement
$650,900
Land market value
$244,600
Improvement market value
$650,900
Total market value
$895,500
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
2002
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Total area
12,048 SF
Lot
1.6 ac (69,696 SF)
Zoning code
LI-S
APN
6885-46-8324.00
UPID
US53-1419862
Jurisdiction
FORSYTH
Zoning & alternative use
LI-S · Kernersville, NC
Zoning LI-S · permitted uses
LI-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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
2002
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Ted Blank & Associates INC
Entity
Free & Clear · 2 yrs held
Mailing address
6825 VIS LDG LOOP, CASTLE PINES, CO 80108-3653
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$1,300,000
Ted Blank & Associates INC
Ward Property LLC
Warranty Deed
—
Oct 19, 2017
—
Ward Property LLC
Hrl Properties LLC
Warranty Deed
$443,872 · Pinnacle Bank
Sep 28, 2016
—
Hrl Properties LLC
—
Deed
related
$100,000 · Bank Of Nc
Dec 20, 2012
$735,000
Hrl Properties LLC
Mulligan Properties INC
Warranty Deed
$584,325 · Bank Of North Carolina
Feb 19, 2002
$160,000
Mulligan Properties INC
Martin,matthew W & Martha B
Grant Deed
$900,000 · Central Carolina Bank & Trust
—
—
Mulligan Properties INC
—
Deed Of Trust
related
$1,072,377 · Newbridge Bank
—
—
Mulligan Properties INC
—
Deed Of Trust
related
$273,299 · Newbridge Bank
—
—
Hrl Properties LLC
—
Deed Of Trust
related
$100,000 · Bank Of Nc
—
—
Mulligan Properties INC
—
Deed Of Trust
related
$43,500 · Newbridge Bank
—
—
Mulligan Properties INC
—
Deed Of Trust
related
$30,000 · 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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