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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
723 Mtn St, Kernersville, NC 27284-3240
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5458073
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
BRICK
Total area
3,000 SF
Lot
0.92 ac (40,075 SF)
Zoning code
HB
APN
6886-62-8292.00
UPID
US53-5458073
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
-
Taps gameroom and skillz Cafe & Coffee Shop
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$505k
Owner & transaction history
Clarence R Lambe · 4 yrs held
Clarence R Lambe
since 2022
Last sale
$420,000
3 recorded transactions
Zoning & alternative use
HB · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$560,000
+25.3%
Auto repair, garage
$450,000
+0.7%
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
$575,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
RETAIL STORES
$445,000
Current use
MEDICAL BUILDING
$560,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$450,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$390,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $420k (Jun 27 2022)
Last sale anchor
$420k
Jun 27 2022
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
$168 / 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
$4,652
Tax year 2024
Assessed value
$330,500
Assessed 2024
Previous assessed
$330,500
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$161,400
Assessed improvement
$169,100
Land market value
$161,400
Improvement market value
$169,100
Total market value
$330,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
YES
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
3,000 SF
Lot
0.92 ac (40,075 SF)
Zoning code
HB
APN
6886-62-8292.00
UPID
US53-5458073
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Kernersville, NC
Zoning HB · permitted uses
HB · 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
RETAIL STORES Current
Est. value
$445,000
MEDICAL BUILDING
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$390,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1974
Construction
BRICK
Heating
YES
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Clarence R Lambe
Individual
Free & Clear · 4 yrs held
Mailing address
1031 E MTN ST BLDG #320, KERNERSVILLE, NC 27284-7998
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$420,000
Clarence R Lambe
Sophal Monh
Warranty Deed
—
Oct 10, 2008
$330,000
Sophal Monh
Commercial Investments
Warranty Deed
—
Jun 3, 2002
$45,000
Kernersville Town Nc
Commercial Investments
Grant Deed
—
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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