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    1115 Timber Dr Garner, NC 27529

    Sponsored
    For Sale
    $850,000

    Four prime commercial outparcels in Garner, NC.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Exceptional investment opportunity: four commercial outparcels totaling approximately 2.64 acres are available for sale in Garner, North Carolina, for $850,000 per acre. Located in Garner's main retail node on Timber Drive East, these parcels are zoned CMX (Commercial Mixed-Use), offering significant flexibility for development. Parcel sizes vary, with approximate sizes of 2.64 acres, 1.20 acres, 1.29 acres, and 1.00 acre. The land is roughly graded, and utilities are readily available. Offsite detention is already in place, simplifying the development process. This prime location within the heart of White Oak, a major retail hub in Garner, NC, ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The asking price reflects the exceptional location and development-ready condition of these parcels. This is a rare opportunity to acquire land in a thriving commercial area with strong potential for significant return on investment. The property is situated in Wake County, NC, with a zip code of 27529.

    Property Features for 1115 Timber Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Auto Repair Shop Dental Office Wholesale Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Wake
    State
    North Carolina
    Longitude
    -78.577993090077
    Latitude
    35.689122469272

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    FAQs

    What type of property is this?
    Land - Four prime commercial outparcels in Garner, NC.
    Where is this land located?
    The property is located at 1115 Timber Dr Garner, NC.
    What is the asking price?
    The asking price for this property is $850,000.
    Request Owner's contact information
    1115 Timber Dr Garner, NC 27529
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    Garner, NC 27529
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    Realmo Value Estimation

    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.

    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.

    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
    1115 Timber Dr Garner, NC 27529
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