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Property profile & analytics
OFF-MARKET
Estimated value
$24,180,000
Manufacturing properties
1000 Lufkin Rd Apex, NC 27539-8160
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3883172
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1966
Total area
285,056 SF
Lot
80.17 ac (3,492,205 SF)
Zoning code
LI
APN
0741.12-95-4413 0422648
UPID
US53-3883172
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
-
Cooper Hand Tools Industrial Manufacturer Production Facility
-
Apex Distribution Center Logistics Company
-
Weller Hardware & Home Improvement General Contractor
-
Apex Tool Group Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.07M
Comparable Approach
Comparable
$19.65M
Blend (final)
Blend
$24.18M
Owner & transaction history
Apex Tool Group LLC · 2 yrs held
Apex Tool Group LLC
since 2024
3 recorded transactions
Zoning & alternative use
LI · Apex, 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 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%
$30,410,000
6.5%
$28,070,000
7%
$26,065,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$32,855,000
Current use
Blend value · Realmo final
$24.18M
Range $21.76M – $26.60M · ±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
$85 / 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
$461,820
Tax year 2024
Assessed value
$54,108,912
Assessed 2024
Previous assessed
$54,108,912
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$9,770,181
Assessed improvement
$44,338,731
Land market value
$9,770,181
Improvement market value
$44,338,731
Total market value
$54,108,912
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1966
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
285,056 SF
Lot
80.17 ac (3,492,205 SF)
Zoning code
LI
APN
0741.12-95-4413 0422648
UPID
US53-3883172
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NC
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$32.9M
INDUSTRIAL (GENERAL) Current
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
1966
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Lot
80.17 ac
Current owner
From public records · entity-resolved
Apex Tool Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
910 RIDGEBROOK RD STE #200, SPARKS, MD 21152-9389
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
Apex Tool Group LLC
Apex Tool Us Real Estate Holding Ll
Deed
related
—
Nov 20, 2019
—
Apex Tool Us R & E Holding LLC
—
Deed
related
—
—
—
Apex Tool Us R & E Holding LLC
—
Loan Modification
related
—
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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