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Property profile & analytics
OFF-MARKET
Estimated value
$5,100,000
Medical Office Space
1405 Timber E Dr Garner, NC 27529-6926
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0842467
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
BRICK
Total area
14,190 SF
Lot
2.2 ac (95,832 SF)
Zoning code
CMX
APN
1720.15-64-4609 0377423
UPID
US53-0842467
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
-
Justine Parmele Pediatrician Medical Clinic
-
Dr. Mary Broga Health Care Facility Pediatrician
-
Jerry Bernstein Pediatrician Medical Clinic
-
Robert Helms Pediatrician Medical Clinic
-
Raleigh Pediatric Associates - Garner office Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$5.10M
Owner & transaction history
Cpg Pia Timber Drive LLC · 6 yrs held
Cpg Pia Timber Drive LLC
since 2020
Last sale
$5.6M
4 recorded transactions
Zoning & alternative use
CMX · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.8M
+69.6%
Restaurant
$7.7M
+66.1%
Auto repair, garage
$4.9M
+6.3%
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
MEDICAL BUILDING
$4,610,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,820,000
Change: +70% · Conversion: Difficult
RESTAURANT
$7,660,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,900,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,720,000
Change: +2% · Conversion: Easy
RETAIL STORES
$4,490,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±10% · vs last sale $5.60M (Feb 19 2020)
Last sale anchor
$5.60M
Feb 19 2020
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
$359 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$38,560
Tax year 2023
Assessed value
$3,003,131
Assessed 2023
Previous assessed
$3,003,131
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$741,740
Assessed improvement
$2,261,391
Land market value
$741,740
Improvement market value
$2,261,391
Total market value
$3,003,131
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,190 SF
Lot
2.2 ac (95,832 SF)
Zoning code
CMX
APN
1720.15-64-4609 0377423
UPID
US53-0842467
Jurisdiction
WAKE
Zoning & alternative use
CMX · Garner, NC
Zoning CMX · permitted uses
CMX · 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
MEDICAL BUILDING Current
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.5M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2010
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Cpg Pia Timber Drive LLC
Entity
Mailing address
1330 SAINT MARYS ST STE #100, RALEIGH, NC 27605-3334
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
$5,600,000
Cpg Pia Timber Drive LLC
Raleigh Pediatric Re Group III LLC
Special Warranty Deed
$7,600,000 · First Citizens Bank & Trust Co
Feb 19, 2020
—
First Citizens Bk & Trust Co
Cpg Pia Timber Drive LLC
Grant Deed
related
—
Mar 11, 2010
—
Raleigh Pediatric R/e Group II
—
Trustees Deed
related
$4,000,000 · North State Bank
—
—
Raleigh Pediatric R/e Group II
—
Deed Of Trust
related
$4,095,000 · First Citizens Bank & Trust Co
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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