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Property profile & analytics
OFF-MARKET
Garden apartment buildings
720 Garner Rd Garner, NC 27529-3191
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-1286302
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1920
Construction
BRICK
Total area
5,355 SF
Lot
3.93 ac (171,191 SF)
Zoning code
MF-B
APN
1711.15-54-0145 0227666
UPID
US53-1286302
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Olde School Commons LLC · 11 yrs held
Olde School Commons LLC
since 2014
3 recorded transactions
Zoning & alternative use
MF-B · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MF-B district is intended to primarily accommodate more intense multifamily uses with larger structures that contain more units. Structures are more urban in character and are located closer to the street than in the MF A District with parking generally in the rear.
Zone name
Multifamily B
General category
RESIDENTIAL
Zone area
5.91 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,926
Tax year 2023
Assessed value
$2,029,006
Assessed 2023
Previous assessed
$2,029,006
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$945,000
Assessed improvement
$1,084,006
Land market value
$945,000
Improvement market value
$1,084,006
Total market value
$2,029,006
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
6
Rooms
135
Total area
5,355 SF
Lot
3.93 ac (171,191 SF)
Zoning code
MF-B
APN
1711.15-54-0145 0227666
UPID
US53-1286302
Jurisdiction
WAKE
Zoning & alternative use
MF-B · Garner, NCZoning MF-B · permitted uses
MF-B · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MF-B district is intended to primarily accommodate more intense multifamily uses with larger structures that contain more units. Structures are more urban in character and are located closer to the street than in the MF A District with parking generally in the rear.
Zone name
Multifamily B
General category
RESIDENTIAL
Zone area
5.91 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
6
Rooms
135
Lot
3.93 ac
Current owner
From public records · entity-resolved
Olde School Commons LLC
Entity
Mailing address
742 W GARNER RD, GARNER, NC 27529-3172
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
Olde School Commons LLC
—
Deed
related
$900,000 · Towne Bk
Sep 5, 2014
$1,300,000
Olde School Commons LLC
Garner School Apartments LLC
Grant Deed
$1,040,000 · Paragon Com'l Bk
—
—
Olde School Commons LLC
—
Loan Modification
related
$900,000 · Towne Bk
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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