900 Old Winston RdKernersville, NC 27284

  • Office properties
  • 28,612 SF
For Sale
$225,000 View listing

Property Details for 900 Old Winston Rd

Year built
2007
Lot size
3.08 AC
Property size (Sq ft)
28,612 SF
Zone code
LI
Property type
Office properties
Property subtype
Other office properties
APN
6876-51-8791.00
APU
687651879100

Description

This exceptional investment opportunity presents a Class B, 4,701 square foot medical office building located in Kernersville, North Carolina. The property, situated at 900 Old Winston Rd, consists of two units (222 and 320) within the desirable Linville Professional Center. Currently leased to Wake Forest Health Network under a five-year modified gross lease, the property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $69,650. The asking price is $995,000, translating to a price per square foot of $211.66. Built in 2007, the single-building property is zoned for office use and features a convenient location with easy access to Business 40 and South Main Street. The property's location within the Carolina Core ensures high visibility and accessibility for patients and staff. This turnkey investment offers a stable income stream with a creditworthy tenant, making it an attractive opportunity for discerning investors seeking a strong return on investment in a thriving medical market. The Forsyth County location and the established tenant provide a secure and profitable investment prospect. The property's APN is 6876-51-8519 & 6876-51-8527.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,139,072
    6.5%
    $2,897,605
    7%
    $2,690,634
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,631,806
    Geo Method
    $4,845,156
  • Alternative Use

    Use
    Valuation
    Residential
    $3,593,030
    Hospitality
    $3,291,196
    Educational
    $2,738,237
    Medical
    $2,832,409
    Retail
    $4,259,480
900 Old Winston Rd, Kernersville, North Carolina

Location Insight

City
Kernersville
County
Forsyth
State
North Carolina
Latitude
36.1127
Longitude
-80.0973
CBSA code
49180
CBSA name
WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,148
-
$5,327,900
$5,327,900
-
-
$5,327,900
$5,327,900

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