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Property profile & analytics
OFF-MARKET
Auto shops
425 Loop Rd Garner, NC 27529-2569
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1069567
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Construction
METAL FRAME
Total area
5,880 SF
Lot
1.1 ac (47,916 SF)
Zoning code
LI
APN
1701.12-86-5731 0141581
UPID
US53-1069567
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
-
Holmes Welding & Radiator General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Leroy Holmes
Leroy Holmes
4 recorded transactions
Zoning & alternative use
LI · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Light Industrial District is intended to provide for a limited range of low intensity industrial uses that are not noxious or offensive due to odors, smoke, dust, noise, fumes, or vibration. Operations are restricted to inside a building with outdoor storage prohibited.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,209.34 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,053
Tax year 2023
Assessed value
$627,142
Assessed 2023
Previous assessed
$627,142
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$95,832
Assessed improvement
$531,310
Land market value
$95,832
Improvement market value
$531,310
Total market value
$627,142
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1985
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,880 SF
Lot
1.1 ac (47,916 SF)
Zoning code
LI
APN
1701.12-86-5731 0141581
UPID
US53-1069567
Jurisdiction
WAKE
Zoning & alternative use
LI · Garner, NCZoning LI · permitted uses
LI · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Light Industrial District is intended to provide for a limited range of low intensity industrial uses that are not noxious or offensive due to odors, smoke, dust, noise, fumes, or vibration. Operations are restricted to inside a building with outdoor storage prohibited.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,209.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Leroy Holmes
Individual
Mailing address
9408 MIDDLEBERRY LN, RALEIGH, NC 27603-9211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Leroy Holmes
—
Deed Of Trust
related
$50,000 · Ks Bk INC
—
—
Holmes,leroy JR
—
Loan Modification
related
$5,000,000 · Wells Fargo Bk
—
—
Leroy Holmes JR.
—
Deed Of Trust
related
$340,000 · Ks Bank
—
—
Leroy Holmes
—
Deed Of Trust
related
$511,000 · Ks Bk
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.
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