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    5266 Cornwallis Rd Garner, NC 27529
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    Property profile & analytics

    5266 Cornwallis Rd, Garner, NC 27529

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    • Commercial real estate
    • 10.00 lot acres
    Off-Market
    Property ID
    US53-2095987
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5266 Cornwallis Rd

    Lot size
    10.00 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional 16.14-acre commercial/residential land parcel situated at the high-traffic intersection of Hwy 42 (soon to be Hwy 36) and Cornwallis Rd in rapidly growing Johnston County, NC. This highly visible location offers unparalleled versatility and development potential. The property can be purchased individually or as part of a larger assemblage totaling 25 acres. Its strategic location provides easy access to I-40 (1.7 miles), the future 540 Expressway (3.8 miles), and the new I-42 (approximately 1.8 miles). Nearby amenities include Johnston Health Clayton (2.4 miles) and Downtown Clayton (4.2 miles). The area is experiencing significant residential growth, creating a strong demand for commercial and retail development. This unique opportunity presents a rare chance to capitalize on the explosive growth in Johnston County, one of North Carolina's fastest-growing counties. The adjacent 20-acre parcel has recently been sold, further highlighting the area's desirability. This site's size, visibility, and location make it ideal for a variety of development projects. The property's zoning and potential uses should be verified independently. The address is 5266 Cornwallis Rd, Garner, NC 27529.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.535574123206
    Latitude
    35.613890099372

    Comparable in this City

    • Contact for pricing

      Retail Site at NC HWY 42

      High visibility retail site in high growth Johnston County area.
      42 & Old Drugstore Rd, Garner, NC 27529
      View Details
    • Contact for pricing
      Pending

      Downtown Garner Custom Built Townhome

      Custom townhome in downtown Garner, close to shopping and dining.
      109 Pearl St, Garner, NC 27529
      View Details
    • New
      $419,900
      2,388 SF

      Corner Lot Duplex with Central Air

      Fully rented duplex on a fenced corner lot with central air, in-unit kitchen appliances, and tenant-paid utilities.
      100 Madrid Ct, Garner, NC 27529
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    • $800,000
      4,624 SF

      Garner Multifamily Investment Opportunity

      Five-unit property with income potential in a growing area.
      613 Bellhaven St, 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 Sale

    • Contact for pricing

      Retail Site at NC HWY 42

      High visibility retail site in high growth Johnston County area.
      42 & Old Drugstore Rd, Garner, NC 27529
      View Details
    • Contact for pricing
      Pending

      Downtown Garner Custom Built Townhome

      Custom townhome in downtown Garner, close to shopping and dining.
      109 Pearl St, Garner, NC 27529
      View Details
    • New
      $419,900
      2,388 SF

      Corner Lot Duplex with Central Air

      Fully rented duplex on a fenced corner lot with central air, in-unit kitchen appliances, and tenant-paid utilities.
      100 Madrid Ct, Garner, NC 27529
      View Details
    • $800,000
      4,624 SF

      Garner Multifamily Investment Opportunity

      Five-unit property with income potential in a growing area.
      613 Bellhaven St, 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

      Medical Office Development Opportunity

      1.01-acre site ideal for medical office development in Garner, NC.
      225 Glen Rd, Garner, NC 27529
      View Details
    • $25 SF/Yr
      1,094 SF

      Garner Retail Space - Highway 70

      High-visibility retail space, 1,094 sq ft.
      1330 5Th Ave, 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
    • 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
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    5266 Cornwallis Rd
    Garner, NC 27529
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    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
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    5266 Cornwallis Rd, Garner, NC, 27529
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