Property profile

971 Main St Kernersville, NC 27284

OFF-MARKET
Grocery and convenience stores
Property ID
US53-0903220
59,163 SF 5.67 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Kernersville Marketplace, located at 971 S Main St, Kernersville, NC 27284, offers a prime retail opportunity in a thriving Forsyth County location. This established neighborhood shopping center boasts a total of 72,590 square feet across three suites, with 1,200 square feet currently available for lease. The center enjoys excellent visibility and accessibility, situated directly off I-40 Business on Main Street, a major retail corridor in Kernersville. A significant anchor tenant, Harris Teeter, underwent a complete remodel in December 2008, further enhancing the center's appeal. Current tenants include a diverse mix of businesses such as Osaka Japanese Restaurant, Little Caesar's, and Jimmy John's, creating a strong synergy and established customer base. The property sits on a lot ranging from 0.96 to 1.52 acres, and includes two available outparcel opportunities, ideal for additional development or expansion. This property presents a unique chance to establish or expand a business within a well-established and highly visible retail center in a rapidly growing area between Winston-Salem and Greensboro. The property was renovated in 2008.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1996
Construction BRICK
Total area 59,163 SF
Lot 5.67 ac (246,985 SF)
Zoning code HB-S
APN 6875-69-6857.00
UPID US53-0903220

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
  • Atm
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Atm

Location

971 Main St Kernersville, NC 27284-7439
Kernersville metro Census 3307 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.97M
Comparable Approach Comparable
$12.51M
Blend (final) Blend
$11.45M

Owner & transaction history

Zoning & alternative use

HB-S · Kernersville, NC
Zoning description

The HB-S District is primarily intended to accommodate retail service and distributive uses. The district is established to provide locations for establishments which require high visibility and good road access, or whic…

General category COMMERCIAL
Top alternative use upside
Medical building $11.1M +25.3%
Auto repair, garage $8.9M +0.7%

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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