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Property profile & analytics
OFF-MARKET
Bars & Pubs
1706 Garner Rd Garner, NC 27529-2816
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1577265
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1947
Construction
CONCRETE BLOCKS
Total area
3,018 SF
Lot
0.47 ac (20,473 SF)
Zoning code
NMX
APN
1711.05-18-5227 0053712
UPID
US53-1577265
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
-
Veterans of Foreign Wars Advocacy Group Social Service Agency
-
Southern Wake County Vfw Post Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1706 Properties LLC · 5 yrs held
1706 Properties LLC
since 2021
Last sale
$205,000
2 recorded transactions
Zoning & alternative use
NMX · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to accommodate low intensity commercial enterprises that provide goods or services primarily to residents of the surrounding neighborhood so that residents have convenient access without necessitating cross town trips. The uses permitted are of a nature and scale that are compatible with nearby residences.
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
400.00 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,067
Tax year 2023
Assessed value
$197,548
Assessed 2023
Previous assessed
$197,548
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$57,324
Assessed improvement
$140,224
Land market value
$57,324
Improvement market value
$140,224
Total market value
$197,548
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1947
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
3,018 SF
Lot
0.47 ac (20,473 SF)
Zoning code
NMX
APN
1711.05-18-5227 0053712
UPID
US53-1577265
Jurisdiction
WAKE
Zoning & alternative use
NMX · Garner, NCZoning NMX · permitted uses
NMX · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to accommodate low intensity commercial enterprises that provide goods or services primarily to residents of the surrounding neighborhood so that residents have convenient access without necessitating cross town trips. The uses permitted are of a nature and scale that are compatible with nearby residences.
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
400.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1947
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
1706 Properties LLC
Entity
Mailing address
1530 W GARNER RD STE #140, GARNER, NC 27529-2812
Ownership since
2021
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
Jun 9, 2021
$205,000
1706 Properties LLC
Pearce Brothers Roofing Co INC
Warranty Deed
$205,000 · Pearce Brothers Roofing Co INC
Jun 9, 2021
—
1706 Properties LLC
Pearce Brothers Roofing Co INC
Warranty Deed
—
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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