Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Retail space
1001 Davis Dr Apex, NC 27523-8223
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-0074898
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
FRAME
Total area
9,960 SF
Lot
2.41 ac (104,980 SF)
Zoning code
PUD-CU
APN
0742.06-49-7356 0039374
UPID
US53-0074898
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
-
Used Cars Donation Warehouse & Office Corporate Office
-
The Dirty V Plant-Based Noshery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$2.71M
Owner & transaction history
Salisbury Partners LLC · 9 yrs held
Salisbury Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
PUD-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+59.4%
Commercial (general)
$3.3M
+53.6%
Medical building
$3.2M
+50.0%
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%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,160,000
Current use
AUTO REPAIR, GARAGE
$3,440,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,315,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$3,235,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,410,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±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
$272 / 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
$39,008
Tax year 2023
Assessed value
$3,555,901
Assessed 2023
Previous assessed
$3,555,901
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$802,567
Assessed improvement
$2,753,334
Land market value
$802,567
Improvement market value
$2,753,334
Total market value
$3,555,901
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
2006
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
2
Total area
9,960 SF
Lot
2.41 ac (104,980 SF)
Zoning code
PUD-CU
APN
0742.06-49-7356 0039374
UPID
US53-0074898
Jurisdiction
WAKE
Zoning & alternative use
PUD-CU · Apex, NC
Zoning PUD-CU · permitted uses
PUD-CU · 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
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2006
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
2.41 ac
Current owner
From public records · entity-resolved
Salisbury Partners LLC
Entity
Mailing address
PO BOX 591, WRIGHTSVILLE BEACH, NC 28480-0591
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Salisbury Partners LLC
—
Deed
related
$1,000,000 · Southern Bank & Trust Co
Mar 2, 2020
—
Salisbury Partners LLC
—
Deed
related
$1,350,000 · First Carolina Bank
Jun 4, 2019
—
Salisbury Partners LLC
—
Deed
related
$300,000 · Pinnacle Bk
Mar 20, 2017
$2,315,250
Salisbury Partners LLC
Substitute Te Svcs INC|davis Drive Partners LLC
Trustees Deed
—
Feb 10, 2017
—
Davis Drive Partners LLC
Davis Drive Partners LLC
Quit Claim Deed
related
—
Jan 17, 2017
—
David Drive Partners LLC
Davis Drive Partners LLC
Quit Claim Deed
related
—
Jan 8, 2009
—
Davis Drive Partners LLC
—
Trustees Deed
related
$150,000 · Gateway Bank & Trust
Dec 21, 2007
—
Davis Drive Partners LLC
—
Trustees Deed
related
$13,721 · Gateway Bank & Trust
Nov 26, 2007
$2,728,500
Davis Drive Ptnr LLC
Owner,record
Grant Deed
related
—
Jun 27, 2007
$2,728,500
Davis Drive Partners LLC
Pointe At Davis Drive LLC
Warranty Deed
related
$2,700,000 · Gateway Bank & Trust
Dec 9, 2004
$650,000
Pointe At Davis Drive LLC
Gosztyla,albert V & Glenda K
Warranty Deed
$150,000 · Central Carolina Bank & Trust
—
—
Salisbury Partners LLC
—
Deed Of Trust
related
$300,000 · Pinnacle Bk
—
—
Davis Drive Partners LLC
—
Deed Of Trust
related
—
—
—
Davis Drive Partners LLC
—
Deed Of Trust
related
$3,150,000 · Bank Of Hampton Roads
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 1001 Davis 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.
