Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Office buildings
10920 Cleveland Rd Garner, NC 27529-5736
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0663921
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
6,606 SF
Lot
2.21 ac (96,268 SF)
Zoning code
COM
APN
06E02018A
UPID
US53-0663921
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
-
Mast Law Firm Law Firm
-
919 750 0011 Construction Company General Contractor
-
Chomp Town Lawn Care Landscaping
-
Avery Meadows by Gray Wolf Homes Construction Company General Contractor
-
Wolf Ridge Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.64M
Owner & transaction history
Kgr Enterprises LLC · 2 yrs held
Kgr Enterprises LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
COM · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+26.9%
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
$1,680,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
$1,805,000
6.5%
$1,665,000
7%
$1,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,160,000
Current use
RESTAURANT
$1,475,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$1,055,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,005,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±10% · vs last sale $1.60M (Sep 28 2023)
Last sale anchor
$1.60M
Sep 28 2023
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
$248 / 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
$8,742
Tax year 2024
Assessed value
$1,079,280
Assessed 2024
Previous assessed
$1,079,280
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$300,670
Assessed improvement
$778,610
Land market value
$300,670
Improvement market value
$778,610
Total market value
$1,079,280
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
6,606 SF
Lot
2.21 ac (96,268 SF)
Zoning code
COM
APN
06E02018A
UPID
US53-0663921
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Garner, NC
Zoning COM · permitted uses
COM · 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
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1993
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Kgr Enterprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
10920 CLEVELAND RD, GARNER, NC 27529-5736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
—
Kgr Enterprises LLC
—
Deed
related
$1,232,500 · Truist Bank
Sep 28, 2023
$1,600,000
Kgr Enterprises LLC
Gray Wolf Investments LLC
Warranty Deed
—
Aug 31, 2021
—
Gray Wolf Property LLC
—
Deed
related
$880,000 · First National Bank Of Pennsylvania
Dec 17, 2020
—
Gray Wolf Homes LLC
—
Deed
related
$180,000 · Select Bk
Nov 30, 2020
—
Gray Wolf Homes LLC
—
Deed
related
$259,900 · Ks Bk INC
Sep 23, 2020
$120,000
Gray Wolf Homes LLC
Gray Wolf Dev LLC
Warranty Deed
related
—
Aug 24, 2020
$58,000
Gray Wolf Homes LLC
Clayton Land Dev LLC
Warranty Deed
—
Mar 19, 2020
—
Gray Wolf Dev LLC
Sdh Raleigh LLC
Grant Deed
related
—
Dec 20, 2019
$65,000
Gray Wolf Homes LLC
Gray Wolf Dev LLC
Warranty Deed
related
$217,500 · Truist Bk
Feb 1, 2019
$750,000
Gray Wolf Property LLC
Crescent Properties & Dev LLC
Warranty Deed
$900,000 · Branch Bk&tr
Oct 5, 2004
—
Crescent Properties & Dev LLC
Chops Steakhouse LLC
Warranty Deed
related
—
—
—
Crescent Properties & Dev LLC
—
Deed Of Trust
related
$752,955 · Carolina Conduit Systems INC
—
—
Gray Wolf Homes LLC
—
Deed Of Trust
related
$180,000 · Select Bk
—
—
Gray Wolf Homes LLC
—
Deed Of Trust
related
$280,400 · Ks Bank
—
—
Gray Wolfhomes LLC
—
Deed Of Trust
related
$262,900 · Ks Bk INC
—
—
Gray Wolf Homes LLC
—
Deed Of Trust
related
$259,900 · Ks Bk INC
—
—
Chops Steakhouse LLC
—
Deed Of Trust
related
$773,500 · Crescent State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10920 Cleveland Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
