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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
11125 Cleveland Rd Garner, NC 27529-8183
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0713734
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
4,524 SF
Lot
0.62 ac (27,007 SF)
Zoning code
COM
APN
06E02055V
UPID
US53-0713734
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
-
Rob Yo the Mortgage Pro Loan Service Bank
-
Advantage Lending Loan Service Bank
-
Cathy A. Smith, Realtor Real Estate Agency
-
Coldwell Banker Advantage-Garner Real Estate Agency
-
Pat Kibler-Real Estate Broker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$635k
Owner & transaction history
Cleveland Oaks LLC · 15 yrs held
Cleveland Oaks LLC
since 2011
6 recorded transactions
Zoning & alternative use
COM · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
RETAIL STORES
$725,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$690,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$675,000
Change: -15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$660,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$140 / 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
$5,173
Tax year 2024
Assessed value
$638,640
Assessed 2024
Previous assessed
$638,640
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$108,030
Assessed improvement
$530,610
Land market value
$108,030
Improvement market value
$530,610
Total market value
$638,640
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
2012
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,524 SF
Lot
0.62 ac (27,007 SF)
Zoning code
COM
APN
06E02055V
UPID
US53-0713734
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
$795,000
RETAIL STORES
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
MEDICAL BUILDING
Est. value
$660,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2012
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Cleveland Oaks LLC
Entity
Mailing address
7610 6TH FRKS RD STE #200, RALEIGH, NC 27615-5049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
Cleveland Oaks LLC
—
Deed
related
$700,000 · First Horizon Bank
Jan 24, 2019
—
Cleveland Oaks LLC
—
Loan Modification
related
$7,125,000 · Paragon Bk
May 5, 2011
$186,000
Cleveland Oaks LLC
Tss Ventures LLC
Warranty Deed
$121,225 · Four Oaks Bank & Trust Co
—
—
Cleveland Oaks LLC
—
Deed Of Trust
related
$521,743 · Four Oaks Bank & Trust Co
—
—
Cleveland Oaks LLC
—
Deed Of Trust
related
$712,500 · Paragon Commercial Bank
—
—
Cleveland Oaks LLC
—
Deed Of Trust
related
$65,000 · Paragon Commercial 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.
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