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Property profile & analytics
OFF-MARKET
Estimated value
$14,450,000
Medical Office Space
861 Old Winston Rd Kernersville, NC 27284-7140
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1104541
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
STEEL FRAME
Total area
83,774 SF
Lot
7.51 ac (327,136 SF)
Zoning code
GB-S
APN
6876-71-0396.00
UPID
US53-1104541
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
-
Rebecca Pratt Ball, MD Physician
-
Shelley Rickman Pediatrician Medical Clinic
-
Atrium Health Wake Forest Baptist Kernersville Patient Service Center Medical Clinic
-
Atrium Health Wake Forest Baptist | The Fitness Center at Kernersville Medical Clinic
-
Dr. William Smith Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.20M
Comparable Approach
Comparable
$16.99M
Blend (final)
Blend
$14.45M
Owner & transaction history
Regional Wellness LLC · 20 yrs held
Regional Wellness LLC
since 2006
1 recorded transaction
Zoning & alternative use
GB-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 intended to encourage or accommodate strip commercial development. The district would accommodate destination retail and service uses, chara…
Zone name
General Business Special Use
General category
PLANNED_DEVELOPMENT
Zone area
96.94 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%
$16,465,000
6.5%
$15,200,000
7%
$14,115,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,645,000
Current use
AUTO REPAIR, GARAGE
$12,580,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$14.45M
Range $13.01M – $15.90M · ±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
$172 / 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
$153,061
Tax year 2024
Assessed value
$11,828,300
Assessed 2024
Previous assessed
$11,828,300
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,214,000
Assessed improvement
$9,614,300
Land market value
$2,214,000
Improvement market value
$9,614,300
Total market value
$11,828,300
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
2006
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
83,774 SF
Lot
7.51 ac (327,136 SF)
Zoning code
GB-S
APN
6876-71-0396.00
UPID
US53-1104541
Jurisdiction
FORSYTH
Zoning & alternative use
GB-S · Kernersville, NCZoning GB-S · permitted uses
GB-S · Kernersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 intended to encourage or accommodate strip commercial development. The district would accommodate destination retail and service uses, characterized by either a larger single business use or the consolidation of numerous uses in a building or planned development, with consolidated access. This district is intended for application in activity centers.
Zone name
General Business Special Use
General category
PLANNED_DEVELOPMENT
Zone area
96.94 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$15.6M
AUTO REPAIR, GARAGE
Est. value
$12.6M
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
2006
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
7.51 ac
Current owner
From public records · entity-resolved
Regional Wellness LLC
Entity
Mailing address
601 N ELM ST, HIGH POINT, NC 27262-4331
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2006
$2,000,000
Regional Wellness LLC
High Point Regional Health System
Warranty Deed
$2,000,000 · High Point Regional Health System
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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