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    Property profile & analytics
    OFF-MARKET Estimated value $11,445,000
    Grocery and convenience stores

    971 Main St, Kernersville, NC 27284-7439

    59,163 SF 5.67 ac lot Built 1996
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-0903220
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cardtronics ATM Atm
    • Vickie L. Edwards, BS Pharmacy
    • William E. Brady, RPH Pharmacy
    • Pharmacy Pharmacy
    • First National Bank ATM Atm
    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
    KERNERSVILLE MARKETPLACE LLC & T & M KERNERSVILLE
    KERNERSVILLE MARKETPLACE LLC & T & M KERNERSVILLE
    Zoning & alternative use
    HB-S · Kernersville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $11.1M +25.3%
    Auto repair, garage $8.9M +0.7%
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