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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Garden apartment buildings
1812 Spg Dr, Garner, NC 27529-3489
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-3947406
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
16,524 SF
Lot
4.57 ac (199,069 SF)
Zoning code
MF-A
APN
1701.16-82-5843 0365187
UPID
US53-3947406
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Garner Holdings 223 LLC · 7 yrs held
Garner Holdings 223 LLC
since 2018
2 recorded transactions
Zoning & alternative use
MF-A · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$79 / 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
$80,047
Tax year 2023
Assessed value
$6,134,526
Assessed 2023
Previous assessed
$6,134,526
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,344,000
Assessed improvement
$4,790,526
Land market value
$1,344,000
Improvement market value
$4,790,526
Total market value
$6,134,526
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
18
Total area
16,524 SF
Lot
4.57 ac (199,069 SF)
Zoning code
MF-A
APN
1701.16-82-5843 0365187
UPID
US53-3947406
Jurisdiction
WAKE
Zoning & alternative use
MF-A · Garner, NC
Zoning MF-A · permitted uses
MF-A · 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.
Building & site characteristics
From public records
Year built
1971
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
18
Lot
4.57 ac
Current owner
From public records · entity-resolved
Garner Holdings 223 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 844, TEANECK, NJ 07666-0844
Ownership since
2018
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
Oct 29, 2018
$19,600,000
Garner Holdings 223 LLC
1948 Spring LLC
Grant Deed
related
—
Aug 31, 2017
$12,425,000
1948 Spring LLC
Springfield Dev Corp
Trustees Deed
related
$11,000,000 · Arbor Realty SR
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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