Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    191 Technology Dr Garner, NC 27529-9289
    Back to Search
    Property profile & analytics

    191 Technology Dr, Garner, NC 27529-9289

    View on Map
    • Flex space
    • 70,792 SF
    • 10.02 lot acres
    Off-Market
    Last Sale Apr 14, 2021
    $4,800,000
    Property ID
    US53-0177272
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,565,000
    Show details
    Cap Rate Potential
    6.9%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • TCG Legacy Printing and Packaging / Marketing & Advertising / Printing Service

    Property Details for 191 Technology Dr

    Year built
    1992
    Lot size
    10.02 lot acres
    Zone code
    COM
    Property type
    Flex space
    APN
    06E02002D
    APU
    06E02002D

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 28, 2022 — Ais Properties LLC — Deed · related $4.5M · First Bank
    Apr 15, 2021 — Ais Properties LLC — Deed · related $1M · United Bank
    Apr 14, 2021 $4,800,000 Ais Properties LLC Ziggy Venturs LLC Warranty Deed —
    Oct 17, 2019 — Ziggy Ventures LLC — Deed · related $640k · Union Bk
    Dec 23, 2008 $1,790,000 Ziggy Ventures LLC Meadwestvaco Consumer Packagin Grant Deed $1.9M · Trustatlantic Bank
    — — Ziggy Ventures LLC — Deed Of Trust · related $300k · Trustatlantic Bank
    — — Ziggy Ventures LLC — Deed Of Trust · related $1M · Trustatlantic Bank
    — — Ziggy Ventures LLC — Deed Of Trust · related $640k · Union Bk
    — — Ziggy Ventures LLC — Deed Of Trust · related $861k · Trustatlantic Bank
    — — Ziggy Ventures LLC — Deed Of Trust · related $887k · Business Expansion Funding Cor

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,980,000
      ML approach
      $5,870,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,915,000
      6.5%
      $6,380,000
      7%
      $5,925,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,245,000
      RESTAURANT
      $7,490,000
      WAREHOUSE, STORAGE
      $7,305,000
      COMMERCIAL (GENERAL)
      $7,185,000
      OFFICE BUILDING
      $6,840,000
      AUTO REPAIR, GARAGE
      $6,510,000
      MEDICAL BUILDING
      $4,915,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.5685
    Latitude
    35.6117
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,729
    $895,710
    $3,762,250
    $4,657,960
    -
    $895,710
    $3,762,250
    $4,657,960

    Comparable in this City

    • Value Estimation by Request
      59,400 SF

      500 Waterfield Ridge Pl

      Distribution properties
      500 Waterfield Ridge Pl, Garner, NC 27529
      View Details
    • Value Estimation by Request
      8,000 SF

      982 Adams Point Dr

      Flex space
      982 Adams Point Dr, Garner, NC 27529
      View Details
    • Value Estimation by Request
      800 SF

      313-319 Us-70 Hwy

      Distribution properties
      313-319 Us-70 Hwy, Garner, NC 27529
      View Details
    • Value Estimation by Request
      42.63 Acres

      425 Technology Dr

      Flex space
      425 Technology Dr, Garner, NC 27529
      View Details
    • Value Estimation by Request
      20,600 SF

      132 Rand Park Dr

      Flex space
      132 Rand Park Dr, Garner, NC 27529
      View Details
    • Value Estimation by Request
      24,000 SF

      6930 Carolina 42

      Restaurants
      6930 Carolina 42, Garner, NC 27529
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,500 SF

      Flex Space with Conditioned Warehouse

      Flex space featuring office and conditioned warehouse areas.
      5305 Raynor Rd, Garner, NC 27529
      View Details
    • Contact for pricing

      New Class A Flex Space

      26,000 SF Class A Flex space in Greenfield Business Park.
      3201 Waterfield Dr, Garner, NC 27529
      View Details
    • Contact for pricing

      Industrial Warehouse with Easy US 70 Access

      Large warehouse space offering straightforward connectivity via US 70 near major and future interstate intersections.
      4520 Guy Rd, Garner, NC 27529
      View Details
    • Contact for pricing

      New Industrial Warehouse in Garner

      236,600 SF warehouse with Q1 2026 delivery date.
      4520 Guy Rd, Garner, NC 27529
      View Details
    • Contact for pricing
      8,323 SF

      Established Automotive Business For Sale

      Turn-key automotive business with versatile CMX zoning and high visibility.
      922 Us Highway 70, Garner, NC 27529
      View Details
    • Contact for pricing

      3.35 Acres Land Package

      Two adjacent lots totaling 3.35 acres for sale.
      10666 Cleveland Rd, Garner, NC 27529
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Visibility Flexible Spaces Available

      Customizable warm shell spaces suitable for various businesses.
      982 Adams Point Dr, Garner, NC 27529
      View Details
    • Contact for pricing

      New Flex/Warehouse Facility

      New construction flex/warehouse with 24' clear height, ESFR sprinklers, and extensive dock and grade-level doors.
      500 Waterfield Ridge Pl, Garner, NC 27529
      View Details
    • Contact for pricing

      Flex/Warehouse Space for Lease

      Flex/warehouse space available for lease.
      500 Waterfield Ridge Pl, Garner, NC 27529
      View Details
    • Contact for pricing

      Greenfield Business Park Flex Space

      Leasing flex/industrial space in Garner's Greenfield Business Park.
      3201 Waterfield Dr, Garner, NC 27529
      View Details
    • Contact for pricing
      59,400 SF

      New Construction Flex/Warehouse Space

      17,517 RSF flex/warehouse space in Greenfield Business Park.
      500 Waterfield Ridge Pl, Garner, NC 27529
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    191 Technology Dr
    Garner, NC 27529-9289
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    191 Technology Dr, Garner, NC, 27529
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!