Prime Commercial Property in
200 Vandora Springs, Garner, NC 27529
1.67 acres in Garner's business district, ready for redevelopment.
Property size:
7,631 SFPrice / SF:
$262/SF- Added:
- Apr 24, 2025
- Days on Market:
- 403
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 200 Vandora Springs
General Information
- Standard status
- Active
- Size
- 7,631 SF
Building Details
- Year Built
- 1967
Listing agent L. CALVIN RAMSEY
Listing office RAMSEY REALTORS TEAM INC
Listing date Apr 24, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RAMSEY REALTORS TEAM INC
HighLights
- Prime 1.67‑acre commercial property in Garner's business district.
- Excellent traffic visibility and access.
- Zoned for commercial use and ready for redevelopment.
- Located just 7 minutes from Downtown Raleigh.
- Strong demand for office space and business services in the area.
- Supportive local government and business‑friendly environment.
Overview
This commercial property, totaling 1.67 acres, is situated in the heart of Garner's business district, approximately 7 minutes from Downtown Raleigh. The property is positioned in the center of Garner's rapidly expanding commercial zone and is suitable for redevelopment. The City of Garner is actively seeking upscale office or commercial development in this area. The site is zoned for commercial use and offers excellent traffic visibility and access. There is strong demand for office space and business services in the area, along with a supportive local government and a business-friendly environment. The property is suitable for a multi-office complex, medical facility, or flagship commercial space. This property consists of two parcels, located at 200 Vandora Springs and 1207 Bobbitt Drive. The location and momentum of this area support long-term success, making it suitable for investors, developers, or business owners looking to build in one of the fastest-growing areas of Wake County.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.0k | $27.00 |
| − Vacancy | −$12.6k | −$1.65 |
| EGI | $193.4k | $25.35 |
| − OpEx | −$58.0k | −$7.60 |
| NOI | $135.4k | $17.74 |
7,631 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.26M
NOI $135,399 @ 7.0% cap · market cap 6.77%
Second Best
Office B
$1.67M
$1.46M – $1.95M
NOI $117,139 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,519 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bill Jones Tire ...
Auto Parts Store
Location Insight
- Map
- Local Demand
- City
- Garner
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6222
- Latitude
- 35.7119
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 1.67 acres in Garner's business district, ready for redevelopment.
Where is this commercial land located?
The property is located at 200 Vandora Springs Garner, NC.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Prime 1.67‑acre commercial property in Garner's business district.; Excellent traffic visibility and access.; Zoned for commercial use and ready for redevelopment.
