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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Office buildings
201 Gln Rd Garner, NC 27529-6601
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1648972
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
6,332 SF
Lot
0.96 ac (41,818 SF)
Zoning code
COM
APN
06E02002K
UPID
US53-1648972
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
-
D.R. Wells Law, PLLC Law Firm
-
Colleen Cassada, REALTOR®- HomeTowne Realty 4042 Real Estate Agency
-
The Rodney Carroll Team- Home Towne Realty Real Estate Agency
-
HomeTowne Realty 4042 Corporate Office
-
Rodney Carroll Team Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$888k
Blend (final)
Blend
$755k
Owner & transaction history
Baker & Baker Adventures LLC · 3 yrs held
Baker & Baker Adventures LLC
since 2022
Last sale
$20,000
5 recorded transactions
Zoning & alternative use
COM · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,115,000
Current use
RETAIL STORES
$1,015,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$965,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$940,000
Change: -15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$930,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$920,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $20k (Sep 8 2022)
Last sale anchor
$20k
Sep 8 2022
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
$119 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,230
Tax year 2024
Assessed value
$769,130
Assessed 2024
Previous assessed
$769,130
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$418,180
Assessed improvement
$350,950
Land market value
$418,180
Improvement market value
$350,950
Total market value
$769,130
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
8
Total area
6,332 SF
Lot
0.96 ac (41,818 SF)
Zoning code
COM
APN
06E02002K
UPID
US53-1648972
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Garner, NC
Zoning COM · permitted uses
COM · 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
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$930,000
MEDICAL BUILDING
Est. value
$920,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
8
Lot
0.96 ac
Current owner
From public records · entity-resolved
Baker & Baker Adventures LLC
Entity
Free & Clear · 3 yrs held
Mailing address
149 S BLOODWORTH ST, RALEIGH, NC 27601-1503
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
—
Baker & Baker Adventures LLC
Linwood J Jones
Warranty Deed
—
Jun 28, 2021
—
Linwood J Jones
Steep Hill Investments LLC
Warranty Deed
—
Apr 27, 2020
—
Steep Hill Investments LLC
Linwood J Jones
Warranty Deed
—
Jan 6, 2020
—
Linwood J Jones
—
Deed
related
$75,000 · United Community Bank
May 11, 2004
—
Linwood J Jones
—
Deed Of Trust
related
$1,072,000 · Four Oaks Bank & Trust Co
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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