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    Property profile & analytics
    FOR SALE
    Retail space

    123 New Rand Rd, Garner, NC 27529

    0.87 ac lot
    Property ID
    US53-2163865
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Lot 0.87 ac (37,897 SF)
    UPID US53-2163865
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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