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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Investment properties
1504 Mechanical Blvd Garner, NC 27529-2537
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1888835
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1951
Construction
BRICK
Total area
1,400 SF
Lot
5.23 ac (227,819 SF)
Zoning code
LI
APN
1701.08-88-5018 0124257
UPID
US53-1888835
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
-
Big Tex Trailer World - Raleigh Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$745k
Owner & transaction history
Tca 1504 Mechanical LLC · 3 yrs held
Tca 1504 Mechanical LLC
since 2023
Last sale
$750,000
2 recorded transactions
Zoning & alternative use
LI · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$770,000
+65.7%
Auto repair, garage
$485,000
+3.8%
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
$775,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$465,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $750k (Jul 10 2023)
Last sale anchor
$750k
Jul 10 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
$532 / 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
$7,085
Tax year 2023
Assessed value
$550,251
Assessed 2023
Previous assessed
$550,251
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$537,391
Assessed improvement
$12,860
Land market value
$537,391
Improvement market value
$12,860
Total market value
$550,251
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1951
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,400 SF
Lot
5.23 ac (227,819 SF)
Zoning code
LI
APN
1701.08-88-5018 0124257
UPID
US53-1888835
Jurisdiction
WAKE
Zoning & alternative use
LI · Garner, NC
Zoning LI · permitted uses
LI · 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
COMMERCIAL (GENERAL) Current
Est. value
$465,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$485,000
MEDICAL BUILDING
Est. value
$455,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1951
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
5.23 ac
Current owner
From public records · entity-resolved
Tca 1504 Mechanical LLC
Entity
Mailing address
650 S TRYON ST STE #900, CHARLOTTE, NC 28202-3507
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
$1,310,000
Tca 1504 Mechanical LLC
Pwf Holdings LLC
Special Warranty Deed
$1,113,000 · Dogwood State Bank
Feb 8, 2022
—
Pwf Holdings LLC
—
Deed
related
$840,000 · Cibc Bank USA
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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