Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2126 Garner Rd Raleigh, NC 27610-4608

    • Warehouses
    • 8,210 SF
    • 6.99 lot acres
    OFF-MARKET
    Last Sale
    Aug 23, 2022
    $1,600,000
    Value Estimations
    $2,210,000
    Show details
    Cap Rate Potential
    3%
    Warehouses
    Location Intelligence
    Property ID
    US53-1760786
    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.

    Current Use by Public Records

    • Wall Recycling / Recycling Center

    Property Details for 2126 Garner Rd

    Year built
    1954
    Construction
    CONCRETE BLOCKS
    Lot size
    6.99 lot acres
    Property size
    8,210 SF
    Zone code
    IH
    Property type
    Warehouses
    APN
    1702.08-88-9357 0022701
    APU
    1702088893570022701

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,105,000
      ML approach
      $2,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,531,000
      Market price range: $1.19M - $2.53M
      AI Estimate
      $1,389,000
      Market price range: $353k - $1.39M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,760,000
      Current use
      COMMERCIAL (GENERAL)
      $2,665,000
      Change: +51% Conversion: Difficult
      MEDICAL BUILDING
      $2,590,000
      Change: +47% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,420,000
      Change: +38% Conversion: Easy
      RETAIL STORES
      $2,375,000
      Change: +35% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6328
    Latitude
    35.7507
    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
    $23,317
    $1,217,936
    $1,095,408
    $2,313,344
    -
    $1,217,936
    $1,095,408
    $2,313,344

    Comparable in this City

    • Value Estimation
      $1,205,000
      17,600 SF

      1050 New Hope Rd

      WAREHOUSE, STORAGE • 17,600 SF
      1050 New Hope Rd, Raleigh, NC 27610-1418
      View Details
    • Value Estimation
      $1,475,000
      50,080 SF

      211 New Hope Rd

      WAREHOUSE, STORAGE • 50,080 SF
      211 New Hope Rd, Raleigh, NC 27610-7901
      View Details
    • Value Estimation by Request
      13,986 SF

      3809 Frazier Dr

      WAREHOUSE, STORAGE • 13,986 SF
      3809 Frazier Dr, Raleigh, NC 27610-0126
      View Details
    • Value Estimation by Request
      48,184 SF

      1200 Corporation Pkwy

      WAREHOUSE, STORAGE • 48,184 SF
      1200 Corporation Pkwy, Raleigh, NC 27610-1474
      View Details
    • Value Estimation
      $850,000
      24,000 SF

      4121 Commodity Pkwy

      MINI-WAREHOUSE, STORAGE • 24,000 SF
      4121 Commodity Pkwy, Raleigh, NC 27610-2973
      View Details
    • Value Estimation
      $680,000
      17,202 SF

      1001 Corporation Pkwy Ste, Unit 102

      WAREHOUSE, STORAGE • 17,202 SF
      1001 Corporation Pkwy Ste, Raleigh, NC 27610-1859
      View Details

    Similar Nearby for Sale

    • $495,000
      1.08 Acres

      Raleigh Vacant Lot Development Opportunity

      Expansive 1.08-acre vacant lot with development potential in Raleigh, NC.
      644 Sunnybrook Rd, Raleigh, NC 27610
      View Details
    • $485,000
      1.06 Acres

      Raleigh Land with Development Potential

      1.06-acre lot in prime location with development potential.
      620 Sunnybrook Rd, Raleigh, NC 27610
      View Details
    • $240,000

      Residential Lot in Downtown Raleigh

      Residential lot in booming downtown Raleigh near Little Rock Greenway.
      1401 Carnage Dr, Raleigh, NC 27610
      View Details
    • $365,000
      1.24 Acres

      Raleigh Mixed-Use Development Opportunity

      1.24 Acres, Prime Location, High Potential
      1201 Plainview Dr, Raleigh, NC 27610
      View Details
    • $4,899,000
      25,500 SF

      Raleigh Mixed-Use Building For Sale

      Large Flex Space, High Potential, Great Location
      4400 Old Poole Rd, Raleigh, NC 27610
      View Details
    • $12,000,000
      4.89 Acres

      Raleigh Land with Development Potential

      Raleigh land rezoned for mixed-use development near upcoming BRT station.
      3151 New Bern Ave, Raleigh, NC 27610
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      5,000 SF

      Flex Building Near New Bern Avenue

      Multi-tenant flex building with warehouse and office space for sublease.
      1205 Corporation Pkwy, Raleigh, NC 27610
      View Details
    • $11 SF/Yr
      80,684 SF

      900 Freedom Dr

      Flex space • 80,684 SF
      900 Freedom Dr, Raleigh, NC 27610
      View Details
    • $1,500 /Mo
      1,700 SF

      Fieldstone Crossing Town-home For Rent

      Town-home with community pool, 3 bedrooms, 2.5 bath.
      1311 Canyon Rock Ct, Raleigh, NC 27610
      View Details
    • $1,975 /Mo
      1,941 SF

      Spacious 4-Bedroom Home For Rent

      Comfortable Raleigh home with large primary suite and 2-car garage.
      6005 Namozine Ct, Raleigh, NC 27610
      View Details
    • $14 SF/Yr
      79,232 SF

      Raleigh Boulevard Plaza Retail Space

      Prime Raleigh retail space available now
      1100 Raleigh Blvd, Raleigh, NC 27610
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for ground lease or build-to-suit.
      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.
    2126 Garner Rd
    Raleigh, NC 27610-4608
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.