Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2104 Garner Rd Raleigh, NC 27610-9660
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2104 Garner Rd Raleigh, NC 27610-9660

    View on Map
    • Retail space
    • 1,268 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US53-2115241
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2104 Garner Rd

    Year built
    1927
    Construction
    FRAME
    Lot size
    2.00 lot acres
    Property size
    1,268 SF
    Zone code
    R2
    Property type
    Retail space
    APN
    1730.01-37-0123 0074995
    APU
    1730013701230074995

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.552
    Latitude
    35.6921
    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
    2023
    $1,792
    $100,000
    $127,203
    $227,203
    -
    $100,000
    $127,203
    $227,203

    Comparable in this City

    • Value Estimation by Request
      1,458 SF

      1201 Sunnybrook Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,458 SF
      1201 Sunnybrook Rd, Raleigh, NC 27610-4367
      View Details
    • Value Estimation
      $3,070,000
      18,340 SF

      5416 Rock Quarry Rd

      RETAIL STORES (PERSONAL SERVICES) • 18,340 SF
      5416 Rock Quarry Rd, Raleigh, NC 27610-5306
      View Details
    • Value Estimation by Request
      1,125 SF

      2021 Poole Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,125 SF
      2021 Poole Rd, Raleigh, NC 27610-2725
      View Details
    • Value Estimation
      $1,970,000
      11,200 SF

      4531 New Bern Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,200 SF
      4531 New Bern Ave, Raleigh, NC 27610-1555
      View Details
    • Value Estimation
      $950,000
      1,902 SF

      1404 New Bern Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,902 SF
      1404 New Bern Ave, Raleigh, NC 27610-6936
      View Details
    • Value Estimation
      $1,935,000
      11,000 SF

      4501 New Bern Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,000 SF
      4501 New Bern Ave, Raleigh, NC 27610-1549
      View Details

    Similar Nearby for Sale

    • $2,667,000
      3,319 SF

      Chase Bank Ground Lease Opportunity

      New 15-year NNN lease with corporate tenant JP Morgan Chase.
      5160 New Bern Ave, Raleigh, NC 27610
      View Details
    • $1,275,000
      4,080 SF

      New Duplex Investment Opportunity

      New construction duplex with long and short term rental income.
      1510 Boyer St, Raleigh, NC 27610
      View Details
    • $4,899,000
      25,500 SF

      Versatile Commercial Facility in Raleigh

      25,000 sq ft facility suitable for diverse commercial uses.
      4400 Old Poole Rd, Raleigh, NC 27610
      View Details
    • $350,000
      2.45 Acres

      Raleigh Land Opportunity

      2.45-acre cleared lot ready for construction, close to Raleigh.
      7002 Farmdale Rd, Raleigh, NC 27610
      View Details
    • New
      $975,000
      1.63 Acres

      Raleigh Land Development Opportunity

      1.634 acres in prime location near Downtown Raleigh.
      2802 Milburnie Rd, Raleigh, NC 27610
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,200 SF

      Retail Space in Edgewater Place

      Retail space in a busy shopping center near Raleigh.
      1030 North Rogers Ln, Raleigh, NC 27610
      View Details
    • Contact for pricing
      13,190 SF

      Retail Space in Raleigh Center

      Neighborhood shopping center anchored by Food Lion on New Bern.
      3615 New Bern Ave, Raleigh, NC 27610
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for ground lease or build-to-suit.
      5150 New Bern Ave, Raleigh, NC 27610
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Raleigh, North Carolina.
      1100 N Raleigh Blvd, Raleigh, NC 27610
      View Details
    • Contact for pricing

      High-Profile Raleigh Office Space

      Premium office space in a rapidly developing Raleigh location.
      1500 Garner Rd, Raleigh, NC 27610
      View Details
    • Contact for pricing

      Raleigh Industrial Space For Lease

      78,956 SF industrial space near I-87 & I-440.
      900 Freedom Dr, Raleigh, NC 27610
      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.
    2104 Garner Rd
    Raleigh, NC 27610-9660
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!