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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Retail space
100 Salem St Apex, NC 27502-1428
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-5685358
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
BRICK
Total area
10,602 SF
Lot
0.15 ac (6,534 SF)
Zoning code
B2
APN
0742.18-40-1943 0007123
UPID
US53-5685358
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
-
Hyperion Consulting Business Service Center
-
DJ Ross-C Nightclub Music Venue
-
Anna's Pizzeria Restaurant
-
zxc Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.64M
Owner & transaction history
Bhe LLC
Bhe LLC
since 2025
6 recorded transactions
Zoning & alternative use
B2 · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.6M
+11.6%
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 Apex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apex 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
RETAIL STORES
$2,295,000
Current use
WAREHOUSE, STORAGE
$2,565,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±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
$155 / 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
$16,799
Tax year 2023
Assessed value
$1,531,370
Assessed 2023
Previous assessed
$1,531,370
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$182,952
Assessed improvement
$1,348,418
Land market value
$182,952
Improvement market value
$1,348,418
Total market value
$1,531,370
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
10,602 SF
Lot
0.15 ac (6,534 SF)
Zoning code
B2
APN
0742.18-40-1943 0007123
UPID
US53-5685358
Jurisdiction
WAKE
Zoning & alternative use
B2 · Apex, NC
Zoning B2 · permitted uses
B2 · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apex. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.6M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
1910
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bhe LLC
Entity
Free & Clear · 0 yrs held
Mailing address
219 RALEIGH ST, HOLLY SPRINGS, NC 27540-9046
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Bhe LLC
Bhf LLC
Warranty Deed
—
Nov 5, 2019
—
Brian Hamilton Management LLC
Brian Hamilton Peak Prop II
Quit Claim Deed
related
$1,550,000 · Pinnacle Bk
Mar 1, 2019
—
Brian Hamilton Peak Prop II Ll
Brian Hamilton Capital
Quit Claim Deed
related
—
Aug 27, 2018
$1,600,000
Brian Hamilton Capital LLC
Seagroves,julious W JR & Bethsaida S
Warranty Deed
related
—
Aug 22, 2007
$750,000
Julious W Seagroves JR.
Perry,calvin & Margaret B
Warranty Deed
$850,000 · Branch Banking & Trust Co
—
—
Julious W Seagroves
—
Deed Of Trust
related
$772,000 · First South 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.
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