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Property profile & analytics
FOR LEASE
Warehouses
3301 Jones Sausage Rd, Garner, NC 27529
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1547516
For Lease
1 / 2
$11,525,000
3301 Jones Sausage Rd, Garner, NC 27529
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
METAL FRAME
Total area
69,711 SF
Lot
10.13 ac (441,263 SF)
Zoning code
IX-3
APN
1722.15-72-0577 0288687
UPID
US53-1547516
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
-
E-Z Glass Inc Big Box & Wholesale Store Construction Company
-
Backyard Buildings & More Construction Company General Contractor
-
Wake Habitat Construction Office Corporate Office
-
David Woodard Tile Inc Renovation Specialist General Contractor
-
SDCXTEC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.34M
Comparable Approach
Comparable
$14.96M
Blend (final)
Blend
$11.53M
Owner & transaction history
State Of North Carolina
State Of North Carolina
since 2025
7 recorded transactions
Zoning & alternative use
IX-3 · 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%
$9,030,000
6.5%
$8,335,000
7%
$7,740,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,370,000
Current use
Blend value · Realmo final
$11.53M
Range $10.37M – $12.68M · ±10%
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
$165 / 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
$100,441
Tax year 2024
Assessed value
$11,564,932
Assessed 2024
Previous assessed
$11,564,932
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,960,143
Assessed improvement
$9,604,789
Land market value
$1,960,143
Improvement market value
$9,604,789
Total market value
$11,564,932
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
For Lease
Year built
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
69,711 SF
Lot
10.13 ac (441,263 SF)
Zoning code
IX-3
APN
1722.15-72-0577 0288687
UPID
US53-1547516
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Garner, NC
Zoning IX-3 · permitted uses
IX-3 · 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
$10.4M
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
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
10.13 ac
Current owner
From public records · entity-resolved
State Of North Carolina
Individual
Mailing address
319 CHAPANOKE RD STE #102, RALEIGH, NC 27603-3433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
—
State Of North Carolina
Bin Jsr33o1 LLC
Deed
—
May 28, 2025
—
Bin Jsr3301 LLC
—
Deed
related
$19,000,000 · Wells Fargo Bank NA
Dec 13, 2024
$10,000,000
Bin Jsr3301 LLC
The Stephens Center INC
Special Warranty Deed
—
Dec 13, 2024
—
Bin Jsr3301 LLC
The Stephens Center INC
Quitclaim Deed
related
—
Nov 5, 2020
—
The Stephens Center INC
—
Deed
related
$1,766,943 · First Bank
Apr 27, 2017
—
Stephens Center INC
—
Deed
related
$1,473,000 · First Bk
—
—
Stephens Center INC
—
Deed Of Trust
related
$1,473,000 · First Bk
—
—
Stephens Center INC
—
Deed Of Trust
related
$2,825,000 · First Charter Bank
—
—
Stephens Center INC
—
Deed Of Trust
related
$1,815,000 · Trustatlantic Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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