Entity Owned Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Total area
225,000 SF
Lot
22.47 ac (978,793 SF)
Zoning code
HI
APN
1730.04-84-5677 0506890
UPID
US53-1404170
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$32.63M
CAP Approach
CAP
$26.90M
Comparable Approach
Comparable
$41.27M
Blend (final)
Blend
$32.63M
Owner & transaction history
since 2024
Last sale
$32.6M
2 recorded transactions
Zoning & alternative use
HI · Garner, NC
Zoning description
The Heavy Industrial District is intended to provide for industrial uses that are, by their very nature, generally more noxious or offensive due to odors, smoke, dust, noise, fumes, or vibration. Operations may be inside…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$32.63M
Value range
$29.36M – $35.89M
±10% around blend
Estimated value / SF
$145 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$29.36M
blend $32.63M
$35.89M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
225,000 SF
Lot area
22.47 ac
Year built
2023
Stories
1
APN
1730.04-84-5677 0506890
Zoning
HI
Assessed value
$29,359,794
Annual tax
$303,433
3
Income approach: direct capitalization
Partial preview
Income approach indication
$26.90M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$29.15M
@ 6.5% CAP return
$26.90M
@ 7% CAP return
$24.98M
4
Sales comparison
Partial preview
Sales approach indication
$41.27M
Range $21.93M – $48.29M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$32.63M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 41 sales
$149
-3%
Submarket 41 sales
$149
-3%
County 426 sales
$210
-31%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $145/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.40%
Implied, in-place cap rate for this distribution centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.40%
9.0%
NOI (est.)
$2.28M *
Last sale · Jul 2024
$32.63M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$42.29M
Move the market yield to see immediate price impact.
Value / SF
$188
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.90%5.40%5.90%
$2.06M
$41.95M
$38.06M
$34.84M
$2.28M
$46.61M
$42.29M
$38.71M
$2.51M
$51.27M
$46.52M
$42.58M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$303,433
Tax year 2024
Assessed value
$29,359,794
Assessed 2024
Previous assessed
$29,359,794
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$2,268,714
Assessed improvement
$27,091,080
Land market value
$2,268,714
Improvement market value
$27,091,080
Total market value
$29,359,794
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Heating
NONE
Cooling
NONE
Stories
1
Total area
225,000 SF
Lot
22.47 ac (978,793 SF)
Zoning code
HI
APN
1730.04-84-5677 0506890
UPID
US53-1404170
Jurisdiction
WAKE
Zoning & alternative use
HI · Garner, NCZoning HI · permitted uses
HI · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Heavy Industrial District is intended to provide for industrial uses that are, by their very nature, generally more noxious or offensive due to odors, smoke, dust, noise, fumes, or vibration. Operations may be inside…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Cooling
Yes
Stories
1
Lot
22.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HI
INDUSTRIAL
Jurisdiction
Garner, NC
Recorded code
HI
Official district
HI
Official district profile
What the municipal code says about HI
Zoning description
The Heavy Industrial District is intended to provide for industrial uses that are, by their very nature, generally more noxious or offensive due to odors, smoke, dust, noise, fumes, or vibration. Operations may be inside…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HI in Garner, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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