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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
Nc 42, Garner, NC 27529
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1179991
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
2,791 SF
Lot
0.31 ac (13,504 SF)
Zoning code
OFF
APN
05E01007O
UPID
US53-1179991
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$352k
Blend (final)
Blend
$535k
Owner & transaction history
Lotti Heritage Holdings LLC · 2 yrs held
Lotti Heritage Holdings LLC
since 2024
Last sale
$535,000
2 recorded transactions
Zoning & alternative use
OFF · 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
$535,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$490,000
Current use
RETAIL STORES
$445,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$425,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$415,000
Change: -15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$405,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $535k (Feb 16 2024)
Last sale anchor
$535k
Feb 16 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
$192 / 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
$4,020
Tax year 2024
Assessed value
$304,570
Assessed 2024
Previous assessed
$304,570
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$84,400
Assessed improvement
$220,170
Land market value
$84,400
Improvement market value
$220,170
Total market value
$304,570
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
1997
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
9
Total area
2,791 SF
Lot
0.31 ac (13,504 SF)
Zoning code
OFF
APN
05E01007O
UPID
US53-1179991
Jurisdiction
JOHNSTON
Zoning & alternative use
OFF · Garner, NC
Zoning OFF · permitted uses
OFF · 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
$490,000
RETAIL STORES
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$425,000
WAREHOUSE, STORAGE
Est. value
$415,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$410,000
MEDICAL BUILDING
Est. value
$405,000
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
1997
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
9
Lot
0.31 ac
Current owner
From public records · entity-resolved
Lotti Heritage Holdings LLC
Entity
Mailing address
101 S SEA LILY CT, HAMPSTEAD, NC 28443-3572
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Feb 16, 2024
$535,000
Lotti Heritage Holdings LLC
Kenneth S Williams
Warranty Deed
$500,000 · United Community Bank
—
—
Kenneth S Williams
—
Deed Of Trust
related
$160,000 · Four Oaks Bank & Trust Co
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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