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Property profile & analytics
OFF-MARKET
Estimated value
$27,500,000
Distribution centers
600 Greenfield Pkwy, Garner, NC 27529-6977
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0994642
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Total area
160,380 SF
Lot
12.25 ac (533,610 SF)
Zoning code
LI
APN
1720.16-93-8928 0377128
UPID
US53-0994642
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
-
Black & Veatch Engineering Consultant Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$27.50M
CAP Approach
CAP
$19.18M
Comparable Approach
Comparable
$28.11M
Blend (final)
Blend
$27.50M
Owner & transaction history
Wake County Board Of Alcoholic Cont · 2 yrs held
Wake County Board Of Alcoholic Cont
since 2024
Last sale
$27.5M
2 recorded transactions
Zoning & alternative use
LI · Garner, 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 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
Method
Estimation
Statistic approach
$27,500,000
ML approach
$27,500,000
CAP Approach
CAP Return
Estimation
6%
$20,775,000
6.5%
$19,175,000
7%
$17,805,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,860,000
Current use
Blend value · Realmo final
$27.50M
Range $24.75M – $30.25M · ±10% · vs last sale $27.50M (May 13 2024)
Last sale anchor
$27.50M
May 13 2024
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
$171 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$206,649
Tax year 2024
Assessed value
$19,995,054
Assessed 2024
Previous assessed
$19,995,054
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,769,041
Assessed improvement
$18,226,013
Land market value
$1,769,041
Improvement market value
$18,226,013
Total market value
$19,995,054
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Heating
NONE
Cooling
NONE
Stories
1
Total area
160,380 SF
Lot
12.25 ac (533,610 SF)
Zoning code
LI
APN
1720.16-93-8928 0377128
UPID
US53-0994642
Jurisdiction
WAKE
Zoning & alternative use
LI · Garner, NC
Zoning LI · permitted uses
LI · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$23.9M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
NONE
Cooling
Yes
Stories
1
Lot
12.25 ac
Current owner
From public records · entity-resolved
Wake County Board Of Alcoholic Cont
Entity
Mailing address
1212 WICKER DR, RALEIGH, NC 27604-1428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
$275,000
Wake County Board Of Alcoholic Cont
Greenfield 27 LLC
Special Warranty Deed
$30,000,000 · First Horizon Bank
Jun 28, 2021
—
Greenfield 27 LLC
Greenfield 40 Associates LLC
Intrafamily Transfer
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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