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Property profile & analytics
OFF-MARKET
Bars & Pubs
105 Rand Ml Rd Garner, NC 27529-3246
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5397886
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1999
Construction
CONCRETE BLOCKS
Total area
4,750 SF
Lot
0.42 ac (18,295 SF)
Zoning code
TBD
APN
1711.19-72-2122 0064434
UPID
US53-5397886
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
Current use
Occupant on record · Public records
-
Aristotle spirits Brewery & Distillery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rand Garner LLC · 6 yrs held
Rand Garner LLC
since 2020
Last sale
$518,200
3 recorded transactions
Zoning & alternative use
TBD · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide a character rich, concentrated, traditional downtown style district with active storefronts, retail, and services. Residential dwellings and non active uses (like professional offices) are encouraged in upper stories, so people can live in the district where they work or play. Residential dwellings and non active uses are…
Zone name
Traditional Business District
General category
MIXED_USE
Zone area
13.14 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,779
Tax year 2023
Assessed value
$450,081
Assessed 2023
Previous assessed
$450,081
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$100,623
Assessed improvement
$349,458
Land market value
$100,623
Improvement market value
$349,458
Total market value
$450,081
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,750 SF
Lot
0.42 ac (18,295 SF)
Zoning code
TBD
APN
1711.19-72-2122 0064434
UPID
US53-5397886
Jurisdiction
WAKE
Zoning & alternative use
TBD · Garner, NCZoning TBD · permitted uses
TBD · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide a character rich, concentrated, traditional downtown style district with active storefronts, retail, and services. Residential dwellings and non active uses (like professional offices) are encouraged in upper stories, so people can live in the district where they work or play. Residential dwellings and non active uses are also allowed in either vertical mixed use structures or on the edge of the district, where they provide a transition to a lower intensity use.
Zone name
Traditional Business District
General category
MIXED_USE
Zone area
13.14 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Rand Garner LLC
Entity
Mailing address
107 FAYETTEVILLE ST STE #400, RALEIGH, NC 27601-2916
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
—
Rand Garner LLC
—
Deed
related
$2,100,000 · Townebank
Feb 7, 2020
$1,198,000
Rand Garner LLC
Alco Custom Cabinets INC
Grant Deed
$1,500,000 · Aquesta Bk
Mar 20, 2008
$674,000
Alco Custom Cabinets INC
Dew,jerry T SR & Beverly M
Warranty Deed
$572,900 · First Citizens Bk
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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