900 Old Winston RdKernersville, NC 27284

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,557,620

  6.5%

  $3,283,950

  7%

  $3,049,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,631,810

  Geo Method

  $4,845,160

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,327,850

  Retail / Commercial

  $3,588,840

  Mixed-Use / Specialty

  $3,442,990

  Hospitality / Lodging

  $2,352,780

  Institutional / Educational

  $3,531,770

  Residential Income

  $4,132,170

  Multifamily

  $5,693,530

  Automotive / Energy

  $3,027,230

  Parking / Income-Based Land

  $1,176,120

  Restaurant / Food Service

  $1,506,760

  Healthcare / Senior Housing

  $3,667,170

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

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