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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Auto shops
713 Garner Rd Garner, NC 27529-3184
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2200084
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1958
Construction
CONCRETE BLOCKS
Total area
3,260 SF
Lot
1.06 ac (46,174 SF)
Zoning code
CMX
APN
1711.14-43-9748 0053557
UPID
US53-2200084
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
-
The transmission shop Auto Repair Shop
-
Payless Auto Services Auto Repair Shop
-
Olde Raleigh Customs Auto Repair Shop
-
Atwood Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$850k
Owner & transaction history
Advantage Properties Raleigh LLC · 2 yrs held
Advantage Properties Raleigh LLC
since 2024
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
CMX · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to accommodate general commercial, retail, and service activities that serve the whole community. Offices and very light industrial uses may also be appropriate depending on the context. This district serves a wide range of users and may draw customers from outside of the town. it must have good automobile access and access to trans…
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
1,400.57 ac
Source
Realmo
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,125,000
Current use
COMMERCIAL (GENERAL)
$1,085,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$1,060,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Jan 4 2024)
Last sale anchor
$850k
Jan 4 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
$261 / 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
$3,827
Tax year 2023
Assessed value
$298,088
Assessed 2023
Previous assessed
$298,088
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$277,044
Assessed improvement
$21,044
Land market value
$277,044
Improvement market value
$21,044
Total market value
$298,088
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1958
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
3,260 SF
Lot
1.06 ac (46,174 SF)
Zoning code
CMX
APN
1711.14-43-9748 0053557
UPID
US53-2200084
Jurisdiction
WAKE
Zoning & alternative use
CMX · Garner, NCZoning CMX · permitted uses
CMX · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to accommodate general commercial, retail, and service activities that serve the whole community. Offices and very light industrial uses may also be appropriate depending on the context. This district serves a wide range of users and may draw customers from outside of the town. it must have good automobile access and access to transit is preferred. Pedestrian connectivity is also important.
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
1,400.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1958
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Advantage Properties Raleigh LLC
Entity
Mailing address
1424 LORIMER RD, RALEIGH, NC 27606-2622
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
$850,000
Advantage Properties Raleigh LLC
David L Rivers
Warranty Deed
—
Aug 2, 2017
—
David L Rivers
—
Deed
related
$120,000 · Joseph T Sample
Oct 23, 2007
$194,000
David Rivers
Peacock,catherine
Quit Claim Deed
related
—
—
—
David L Rivers
—
Deed Of Trust
related
$120,000 · Joseph T Sample
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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