Property summary
This exceptional 0.87-acre commercial property, located at 123 New Rand Rd in Garner, NC (zip code 27529), presents a unique investment opportunity. Situated on Hwy 70W, this mixed-use lot is zoned CMX, offering versatility for various commercial ventures, including bank, quick-service restaurant (QSR), or storefront uses. The property boasts a prime location, just a quarter-mile from Wake Medical Satellite Hospital and a half-mile from the White Oak Shopping Center, ensuring high visibility and foot traffic. Its proximity to Garner's Downtown Park adds to its appeal. Currently, the property includes two residential homes under lease, providing immediate rental income until April 30, 2025 (approximately 0.4 years remaining on the leases). This presents a chance to generate income while developing your commercial vision. The asking price is $825,000. Bring your offers and capitalize on this strategic location and income-generating potential. The property is a single tenancy and offers two residential leases as part of the sale.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Garner market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.