Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5000 Tharrington Rd Garner, NC 27529-9222
    Back to Search
    Property profile & analytics

    5000 Tharrington Rd, Garner, NC 27529-9222

    View on Map
    • Warehouses
    • 52,350 SF
    • 7.01 lot acres
    Off-Market
    Last Sale Jul 22, 2025
    $5,900,000
    Property ID
    US53-0389791
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,605,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Budget Truck Rental / Car Rental Facility
    • Affordable Mini Storage / Storage Facility

    Property Details for 5000 Tharrington Rd

    Year built
    2001
    Construction
    METAL FRAME
    Lot size
    7.01 lot acres
    Zone code
    LI
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1721.06-29-6670 0173753
    APU
    1721062966700173753

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 22, 2025 $5,900,000 Rittenyard Garner LLC Faith Properties Of Jrba LLC Special Warranty Deed —
    Dec 7, 2021 — Wtb Real Estate LLC William T Barker Special Warranty Deed —
    Jan 23, 2019 — Affordable Mini Storage Of Gar — Deed · related $900k · First Citizens Bk
    Jan 3, 2005 $550,000 5000 Tharrington Road LLC Rbc Centura Bank Grant Deed $550k · Wachovia Bank NA
    Oct 22, 2003 $1,450,000 Rbc Centura Bank — Grant Deed · related —
    — — Affordable Mini Storage Of Gar — Deed Of Trust · related $900k · First Citizens Bk
    — — Affordable Mini Storage Of Garner — Deed Of Trust · related $865k · Wells Fargo Bk
    — — Affordable Mini Storage Of Garner — Deed Of Trust · related $750k · First Citizens Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,102,000
      Market price range: $5.10M - $11.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,790,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5867
    Latitude
    35.7271
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,121
    $610,710
    $2,739,488
    $3,350,198
    -
    $610,710
    $2,739,488
    $3,350,198

    Comparable in this City

    • Value Estimation
      $15,905,000
      88,144 SF

      525 Us 70th E Hwy

      MINI-WAREHOUSE, STORAGE
      525 Us 70th E Hwy, Garner, NC 27529-4046
      View Details
    • Value Estimation by Request
      3,000 SF

      4808 Lee Dr

      MINI-WAREHOUSE, STORAGE
      4808 Lee Dr, Garner, NC 27529
      View Details
    • Value Estimation
      $4,395,000
      27,600 SF

      501 Us 70th E Hwy

      MINI-WAREHOUSE, STORAGE
      501 Us 70th E Hwy, Garner, NC 27529-4046
      View Details
    • Value Estimation by Request
      5,240 SF

      409 Loop Rd

      MINI-WAREHOUSE, STORAGE
      409 Loop Rd, Garner, NC 27529-2568
      View Details
    • Value Estimation
      $1,670,000
      9,600 SF

      5755 Nc Hwy 42nd W

      MINI-WAREHOUSE, STORAGE
      5755 Nc Hwy 42nd W, Garner, NC 27529-8445
      View Details
    • Value Estimation
      $8,300,000
      74,131 SF

      3620 Benson Rd

      MINI-WAREHOUSE, STORAGE
      3620 Benson Rd, Garner, NC 27529-9337
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Class A Flex Space

      26,000 SF Class A Flex space in Greenfield Business Park.
      3201 Waterfield Dr, Garner, NC 27529
      View Details
    • Contact for pricing
      12,500 SF

      Flex Space with Conditioned Warehouse

      Flex space featuring office and conditioned warehouse areas.
      5305 Raynor Rd, Garner, NC 27529
      View Details
    • Contact for pricing

      New Industrial Warehouse in Garner

      236,600 SF warehouse with Q1 2026 delivery date.
      4520 Guy Rd, Garner, NC 27529
      View Details
    • Contact for pricing

      Industrial Warehouse with Easy US 70 Access

      Large warehouse space offering straightforward connectivity via US 70 near major and future interstate intersections.
      4520 Guy Rd, Garner, NC 27529
      View Details
    • Contact for pricing

      Land Assemblage Opportunity

      Land available as part of a larger assemblage.
      722 Hillandale Ln, Garner, NC 27529
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Garner Warehouse with Multiple Doors

      Warehouse space featuring both grade-level and dock-high loading doors.
      1400 Mechanical Blvd, Garner, NC 27529
      View Details
    • $10 SF/Yr

      Warehouse Space Available in 2026

      45,840 SF warehouse space with frontage on US Hwy 70.
      2337 Us 70 Hwy E, Garner, NC 27529
      View Details
    • Contact for pricing

      Flex/Warehouse Space for Lease

      Flex/warehouse space available for lease.
      500 Waterfield Ridge Pl, Garner, NC 27529
      View Details
    • $18 SF/Yr
      27,500 SF

      Garner, NC Warehouse Space

      Flexible Warehouse Space Available
      1400 Mechanical Blvd, Garner, NC 27529
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5000 Tharrington Rd
    Garner, NC 27529-9222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5000 Tharrington Rd, Garner, NC, 27529
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!