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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
69 Shipwash Dr Garner, NC 27529-6860
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-5776236
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
7,462 SF
Lot
1.4 ac (60,984 SF)
Zoning code
COM
APN
06E02011U
UPID
US53-5776236
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
-
Sarah R. Coates, LPC Counselor
-
One Eighty Counseling Counselor Psychologist
-
Allison Ernest Marriage Or Relationship Counselor
-
Steve Pinette Foster Care Service Social Service Agency
-
Paula Lavocat Counselor Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$866k
Blend (final)
Blend
$870k
Owner & transaction history
Nc Legacy INC · 7 yrs held
Nc Legacy INC
since 2019
7 recorded transactions
Zoning & alternative use
COM · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,310,000
Current use
RETAIL STORES
$1,195,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,135,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,110,000
Change: -15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$1,085,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$117 / 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
$6,079
Tax year 2024
Assessed value
$750,440
Assessed 2024
Previous assessed
$750,440
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$182,950
Assessed improvement
$567,490
Land market value
$182,950
Improvement market value
$567,490
Total market value
$750,440
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Bathrooms
5
Total area
7,462 SF
Lot
1.4 ac (60,984 SF)
Zoning code
COM
APN
06E02011U
UPID
US53-5776236
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Garner, NC
Zoning COM · permitted uses
COM · 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
OFFICE BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2005
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
5
Lot
1.4 ac
Current owner
From public records · entity-resolved
Nc Legacy INC
Entity
Mailing address
69 SHIPWASH DR, GARNER, NC 27529-6860
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2019
$710,000
Nc Legacy INC
Pdpa Properties
Warranty Deed
$602,841 · First Citizens Bank & Trust Co
Jun 8, 2005
—
Pdpa Properties
—
Trustees Deed
related
$584,000 · Capital Bank NA
Oct 26, 2004
$115,000
Pdpa Properties
Son-lan Shipwash LLC
Warranty Deed
$93,250 · Branch Banking & Trust Co
—
—
Pdpa Properties
—
Deed Of Trust
related
$584,000 · Branch Banking & Trust Co
—
—
Pdpa Properties
—
Deed Of Trust
related
$725,000 · Fidelity Bank NA
—
—
Pdpa Properties
—
Deed Of Trust
related
$565,000 · Wachovia Bank NA
—
—
Pdpa Properties
—
Deed Of Trust
related
$150,000 · Wells Fargo Bank
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.
Try Rey
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