Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    200 Rand Mill Road Garner, NC 27529

    View on Map
    Claim this Listing
    For Sale
    $164,900

    LAND - Garner, NC

    Lot size:
    0.34 Acres
    Added:
    Aug 18, 2025
    Days on Market:
    257
    Last Refresh:
    May 1 at 10:06 am

    Property Features for 200 Rand Mill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1711710810
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lo1 200 Rand Mill Road
    Tax Annual Amount
    1278

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kathy Beacham
    Kathy Beacham

    Listing agent Kathy Beacham License #163225

    Listing office Coldwell Banker HPW 9051 Strickland Rd. Ste 200, Raleigh, NC

    Listing date Aug 18, 2025

    MLS# 10116770 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Downtown Garner Investment Opportunity

    This 0.34-acre lot is located in the heart of Historic Downtown Garner's vibrant business district. Situated at 200 Rand Mill Rd, the property presents an investment opportunity for renovation or construction in a thriving entertainment and cultural hub. The site is surrounded by restaurants, a bakery, coffee shops, an ice skating rink, and event venues, positioning it for commercial or mixed-use development in Garner's growing traditional business district. The property may qualify as a potential Qualified Opportunity Zone investment, offering potential tax advantages such as capital gains deferral and possible exclusion of appreciation if held for 10 years. Located minutes from Hwy 70 and I-40, and 15 minutes from downtown Raleigh, the lot combines small-town charm with big-city accessibility. This property offers the opportunity to shape the future of Garner's dynamic downtown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Wake
    State
    North Carolina
    Longitude
    -78.605828
    Latitude
    35.705146

    Nearby Similar for Sale

    • $1,900,000
      9,479 SF

      Office/Retail Condo in Prime Location

      Office/retail condo in a rapidly developing, highly visible area.
      141 Technology Drive, Garner, NC 27529
      View Details
    • $800,000
      4,624 SF

      Garner Multifamily Investment Opportunity

      Five-unit property with income potential in a growing area.
      613 Bellhaven Street, Garner, NC 27529
      View Details
    • $1,200,000
      5,868 SF

      Commercial Building in Developing Area

      Commercial building in a rapidly developing area, visible from I-40.
      143 Technology Drive, Garner, NC 27529
      View Details
    • $799,000

      Prime Land in Garner, NC

      3.3 acres near I-40, ideal for commercial development.
      1015 Martin Branch Road, Garner, NC 27529
      View Details
    • $350,000

      Unrestricted Land in Garner, NC

      11.66 acres of unrestricted land, ideal for development.
      Southfort Drive, Garner, NC 27529
      View Details
    • $150,000

      3.35 Acres Land Package

      Two adjacent lots totaling 3.35 acres in Garner, NC.
      10666 Cleveland Road, Garner, NC 27529
      View Details
    • $99,999

      Residential Parcel in Growing Area

      Build-ready 0.98-acre residential parcel in Garner, Wake County, NC.
      00-00 Creech Rd, Garner, NC 27529
      View Details
    • $48,000

      Residential Land in Garner, NC

      Residential land available in an established Garner neighborhood.
      4517 Imperial Street, Garner, NC 27529
      View Details
    • $1,950,000

      Undeveloped Land Near White Oak

      9+ acres of undeveloped land with great potential.
      7626 White Oak Road, Garner, NC 27529
      View Details
    • $1,250,000

      Residential Land in Garner, NC

      5.04 acres of residential land for sale in Garner.
      722 Hillandale Lane, Garner, NC 27529
      View Details
    • $140,000

      Downtown Garner Lot For Sale

      21-foot wide lot in Downtown Garner's Transit Business District.
      124 E Main Street, Garner, NC 27529
      View Details
    • $15,000,000

      Prime Commercial Acres in Garner

      15+/- acres in growing Cleveland Community, Garner, NC.
      6109 Veterans Parkway, Garner, NC 27529
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.34-acre lot in Historic Downtown Garner's business district.
    Where is this commercial land located?
    The property is located at 200 Rand Mill Road Garner, NC.
    What is the asking price?
    The asking price for this property is $164,900.
    What are key features of this property?
    This property features: Prime 0.34‑acre lot in the heart of Historic Downtown Garner's vibrant business district.; Located in a thriving entertainment and cultural hub surrounded by restaurants, bakery, coffee shops, an ice skating rink, and event venues.; Potential Qualified Opportunity Zone investment with possible tax advantages (consult a tax professional).
    (919) 632-1807
    We can help!
    Listing Contact
    Kathy Beacham
    Kathy Beacham
    Real Estate License ID: 163225
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    200 Rand Mill Road, Garner, NC 27529

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!