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Property profile & analytics
OFF-MARKET
Estimated value
$32,480,000
Outlet malls
4500 Fayetteville Rd Raleigh, NC 27603-3614
Individually Owned
16-yr Hold
Free & Clear
Property ID
US53-0554803
Property summary
AI-generated overview
The Shoppes at Garner is a thriving 44,383 square foot retail center situated on a 6.12-acre lot in Raleigh, North Carolina. Built in 2008, this community center enjoys a prime location on the heavily trafficked Highway 401-Fayetteville Road corridor, just south of US 70, experiencing daily traffic counts exceeding 44,000 vehicles. The center benefits from multiple convenient ingress and egress points, ensuring easy access for customers and tenants. A Walmart Supercenter serves as a significant anchor tenant, drawing substantial foot traffic to the property. The center boasts a diverse mix of national tenants, including America's Best Contacts & Eyeglasses, Rainbow, Sally Beauty, Golden Krust, GameStop, and Humana MarketPOINT. Ample parking is available with 262 spaces provided for shoppers and employees. The property is located in Wake County, North Carolina, at 4500 Fayetteville Road, zip code 27603. This well-established retail center presents a compelling investment opportunity in a high-traffic, high-visibility location. The property is not currently home to any internet cafes.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Construction
CONCRETE BLOCKS
Total area
199,434 SF
Lot
21.71 ac (945,688 SF)
Zoning code
SB
APN
1701.09-16-3746 0133925
UPID
US53-0554803
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
-
Coinstar Bank Credit Union
-
Walmart Home Services Social Service Agency
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Bakery Bakery Specialty Food Shop
-
Walmart Money Center Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.67M
Comparable Approach
Comparable
$39.42M
Blend (final)
Blend
$32.48M
Owner & transaction history
Wal-mart Real Estate Busn · 16 yrs held
Wal-mart Real Estate Busn
since 2009
3 recorded transactions
Zoning & alternative use
SB · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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%
$40,805,000
6.5%
$37,665,000
7%
$34,975,000
Blend value · Realmo final
$32.48M
Range $29.23M – $35.73M · ±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
$163 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$182,617
Tax year 2023
Assessed value
$14,222,538
Assessed 2023
Previous assessed
$14,222,538
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$7,991,060
Assessed improvement
$6,231,478
Land market value
$7,991,060
Improvement market value
$6,231,478
Total market value
$14,222,538
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
199,434 SF
Lot
21.71 ac (945,688 SF)
Zoning code
SB
APN
1701.09-16-3746 0133925
UPID
US53-0554803
Jurisdiction
WAKE
Zoning & alternative use
SB · Raleigh, NCZoning SB · permitted uses
SB · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
21.71 ac
Current owner
From public records · entity-resolved
Wal-mart Real Estate Busn
Individual
Free & Clear · 16 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2009
$38,305,000
Wal-mart Real Estate Busn
Wla Garner Retail LLC
Grant Deed
—
Dec 29, 2006
$1,825,000
Wla Garner Retail LLC
Aaa Cooper Transportation
Grant Deed
—
Dec 29, 2006
—
Wla Garner Retail LLC
Aaa Cooper Transportation
Grant Deed
related
—
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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