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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Warehouses
200 Bricksteel Ln, Garner, NC 27529-4179
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1142863
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
METAL FRAME
Total area
15,000 SF
Lot
1.75 ac (76,230 SF)
Zoning code
LI
APN
1730.03-30-9622 0360328
UPID
US53-1142863
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
-
Stanley Steemer Commercial Cleaning Service Upholstery Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.38M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.87M
Owner & transaction history
Bates Family Investments LLC · 4 yrs held
Bates Family Investments LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
LI · 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
Method
Estimation
Statistic approach
$2,295,000
ML approach
$2,375,000
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,230,000
Current use
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.55M (Dec 29 2021)
Last sale anchor
$1.55M
Dec 29 2021
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
$125 / 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
$19,098
Tax year 2023
Assessed value
$1,487,414
Assessed 2023
Previous assessed
$1,487,414
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$453,195
Assessed improvement
$1,034,219
Land market value
$453,195
Improvement market value
$1,034,219
Total market value
$1,487,414
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
15,000 SF
Lot
1.75 ac (76,230 SF)
Zoning code
LI
APN
1730.03-30-9622 0360328
UPID
US53-1142863
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
WAREHOUSE, STORAGE Current
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
2007
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Bates Family Investments LLC
Entity
Mailing address
5500 STANLEY STEEMER PKWY, DUBLIN, OH 43016-1208
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$1,550,000
Bates Family Investments LLC
Gdp Raleigh LLC
Warranty Deed
—
Sep 30, 2020
—
Gdp Raleigh LLC
—
Deed
related
$850,000 · First National Bank Of Pennsylvania
Dec 22, 2011
—
Gdp-raleigh LLC
—
Trustees Deed
related
$150,000 · Key Bank & Trust
Mar 14, 2011
—
Gdp-raleigh LLC
Gld INC
Quit Claim Deed
related
—
Sep 21, 2007
$175,500
Gld INC
White Oak Associates
Warranty Deed
$1,013,800 · Suntrust Bank NA
—
—
Gld INC
—
Deed Of Trust
related
$150,000 · Key Bank & Trust
—
—
Gld INC
—
Deed Of Trust
related
$1,119,494 · Suntrust Bank NA
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.
Try Rey
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