Property profile

843 Old Winston Rd Kernersville, NC 27284

FOR SALE
Commercial real estate
Property ID
US53-1173277
1.24 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
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843 Old Winston Rd, Kernersville, NC 27284 For Sale
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843 Old Winston Rd, Kernersville, NC 27284
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Property summary

AI-generated overview

This exceptional 1.24-acre commercial and industrial land parcel, located at 843 Old Winston Road in Kernersville, North Carolina (APN 6876-71-8370), presents a unique development opportunity. Zoned GB-S, this property offers significant flexibility for a variety of uses, including office, medical, retail, and light industrial projects. Its prime location directly behind J. Pepper's Southern Grille and Kernersville Pharmacy ensures high visibility and convenient access for potential businesses. The property's strategic positioning provides excellent potential for signage visibility along US-421/Salem Parkway, maximizing marketing opportunities. The asking price for this exceptional parcel is $475,000. With its versatile zoning, desirable location, and high visibility, this 1.24-acre lot represents a compelling investment prospect for developers and entrepreneurs seeking a strategic foothold in the thriving Kernersville market. The property's Forsyth County address and 27284 zip code further highlight its convenient location within the community. This is a rare opportunity to acquire a well-situated, developable land parcel in a high-growth area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.24 ac (54,014 SF)
Zoning code GB-S
APN 6876-71-8370.00
UPID US53-1173277

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
  • (Bike/Boat/Book/etc) Store
  • Home Decor Store Department Store

Location

843 Old Winston Rd Kernersville, NC 27284
Kernersville metro Census 3004 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GB-S · Kernersville, NC
Zoning description

The GB-S District is primarily intended to accommodate a wide range of retail, service, and office uses located along thoroughfares in areas which have developed with minimal front setbacks. However, the district is not…

General category PLANNED_DEVELOPMENT

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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More about this property
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