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Property profile & analytics
OFF-MARKET
Estimated value
$18,665,000
Distribution centers
1000 Garner Business Park Dr, Garner, NC 27529-7088
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0815696
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2021
Total area
124,320 SF
Lot
8.27 ac (360,241 SF)
Zoning code
LI
APN
1730.04-93-3663 0344231
UPID
US53-0815696
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.30M
CAP Approach
CAP
$14.87M
Comparable Approach
Comparable
$21.04M
Blend (final)
Blend
$18.67M
Owner & transaction history
Garner Industrial II LLC · 5 yrs held
Garner Industrial II LLC
since 2021
Last sale
$20.6M
7 recorded transactions
Zoning & alternative use
LI · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$12,295,000
CAP Approach
CAP Return
Estimation
6%
$16,105,000
6.5%
$14,865,000
7%
$13,805,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,495,000
Current use
Blend value · Realmo final
$18.67M
Range $16.80M – $20.53M · ±10% · vs last sale $20.59M (Jun 11 2021)
Last sale anchor
$20.59M
Jun 11 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$150 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$154,684
Tax year 2024
Assessed value
$14,967,010
Assessed 2024
Previous assessed
$14,967,010
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,271,517
Assessed improvement
$13,695,493
Land market value
$1,271,517
Improvement market value
$13,695,493
Total market value
$14,967,010
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2021
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
124,320 SF
Lot
8.27 ac (360,241 SF)
Zoning code
LI
APN
1730.04-93-3663 0344231
UPID
US53-0815696
Jurisdiction
WAKE
Zoning & alternative use
LI · Garner, NC
Zoning LI · permitted uses
LI · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$18.5M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.27 ac
Current owner
From public records · entity-resolved
Garner Industrial II LLC
Entity
Mailing address
2001 ROSS AVE STE #400, DALLAS, TX 75201-2916
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
—
Srpf D Garner Business Park LLC
—
Deed
related
$125,000,000 · Athene Annuity And Life Company
Apr 12, 2023
—
Srpf D Garner Business Park LLC
—
Deed
related
$125,000,000 · Athene Annuity And Life Company
Jun 11, 2021
$3,338,000
Garner Industrial II LLC
Garner Industrial I LLC
Special Warranty Deed
$16,401,750 · Cogent Bank
Jul 30, 2019
$1,521,000
Garner Industrial I LLC
Hardy LP Pierce
Grant Deed
—
Jun 6, 2017
—
Eagles Ent LLC
—
Deed Of Trust
related
$26,000,000 · Suntrust Bk
Feb 16, 2017
—
Pierce Hardy LP
—
Deed
related
—
Jan 13, 2017
—
Pierce Hardy LP
—
Grant Deed
related
$350,000,000 · Wells Fargo Bk
Sep 19, 2011
—
Pierce Hardy LP
—
Grant Deed
related
$20,000,000 · Wells Fargo Bk
Mar 12, 2010
—
Pierce Hardy LP
—
Loan Modification
related
$590,000,000 · Suntrust Bk
May 1, 2008
—
Pierce Hardy
—
Grant Deed
related
$195,000,000 · Ableco Fin
—
—
Pierce Hardy LP
—
Loan Modification
related
$350,000,000 · Wells Fargo Bk
—
—
Pierce Hardy LP
—
Loan Modification
related
—
—
—
Pierce Hardy LP
—
Deed Of Trust
related
$16,508,241 · Ableco Fin
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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