New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Warehouses
8471 Garvey Dr, Raleigh, NC 27616-3369
Entity Owned
24-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1699368
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
BRICK
Total area
19,736 SF
Lot
2.32 ac (101,059 SF)
Zoning code
IX-3
APN
1728.20-71-8405 0145018
UPID
US53-1699368
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
-
Purr & Bark VeterinaryHospital and Moblie Doctor Veterinary Clinic
-
Nan's School of Dance Training Center
-
Image360 North Raleigh-Wake Forest Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Altered State Brewing Company Production Facility Brewery & Distillery
-
Cafe Capistrano Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.76M
Owner & transaction history
Michael Properties LLC · 24 yrs held
Michael Properties LLC
since 2002
5 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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%
$2,555,000
6.5%
$2,360,000
7%
$2,190,000
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$89 / 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
$30,326
Tax year 2023
Assessed value
$2,782,226
Assessed 2023
Previous assessed
$2,782,226
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$482,051
Assessed improvement
$2,300,175
Land market value
$482,051
Improvement market value
$2,300,175
Total market value
$2,782,226
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
9
Total area
19,736 SF
Lot
2.32 ac (101,059 SF)
Zoning code
IX-3
APN
1728.20-71-8405 0145018
UPID
US53-1699368
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
9
Lot
2.32 ac
Current owner
From public records · entity-resolved
Michael Properties LLC
Entity
Free & Clear · 24 yrs held
Mailing address
4601 PARAGON PARK RD, RALEIGH, NC 27616-3174
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2006
—
Michael Properties LLC
—
Trustees Deed
related
$400,000 · Branch Banking & Trust Co
Jul 3, 2002
—
Michael Properties LLC
Michael,properti
Quit Claim Deed
related
—
—
—
Michael Properties LLC
—
Deed Of Trust
related
$1,680,000 · Newbridge Bk
—
—
Michael Properties LLC
—
Loan Modification
related
$1,780,971 · Coastal FCU
—
—
Michael Properties LLC
—
Deed Of Trust
related
$1,900,000 · Coastal FCU
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8471 Garvey Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
