4000 Waterfield Dr, Garner, NC 27529
This exceptional 6.94-acre industrial land parcel in Garner, NC's Greenfield Business Park offers unparalleled access to I-40 and US-70, placing your business at the heart of the Triangle region. Zoned MXD (Garner), this site is ideally suited for a variety of uses, including corporate offices, R&D facilities, distribution centers, service hotels, and retail/commercial developments. Approximately 5 acres are usable, with the remaining acreage encompassing necessary infrastructure. The property boasts direct interstate access, providing seamless connectivity to the entire Triangle area and convenient access to RDU Airport via I-40. Enjoy proximity to thriving neighborhoods, abundant shopping, dining, banking, hotels, and recreational amenities, including golf courses. Established businesses within Greenfield Business Park include Unisource, Domino's Distribution, Pergo, Waco Electric, MeadWestvaco, NC DOT, PJ Foods, Capital Dodge/Chrysler/Jeep, and Neuse River Nitrogen, underscoring the park's strong reputation and strategic location. The land is priced at $100,000 per gross acre. Note that a stream crossing will be required, with an estimated timeline of 6-9 months. "Buy Down" credits, covering approximately half the cost, are available from the seller for purchases directly from the State of NC, applied at closing. This prime location presents a unique opportunity for significant development and investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.