Entity Owned 
For Sale
1 / 3
$5,600,000
1001 Davis Dr, Apex, NC 27523
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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
Current use
Occupant on record · Public records
-
Corporate Office
-
Restaurant
Location
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
since 2017
7 recorded transactions
Zoning & alternative use
PUD-CU · Apex, NC
Zoning description
The purpose of the PUD-CZ Planned Unit Development District is to permit variations in order to allow flexibility for landowners to creatively plan for a site specific, higher quality overall development of their land in…
General category
PLANNED_DEVELOPMENT
Top alternative use upside
Auto repair, garage
$3.4M
+59.4%
Commercial (general)
$3.3M
+53.6%
Medical building
$3.2M
+50.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.71M
Value range
$2.43M – $2.98M
±10% around blend
Estimated value / SF
$272 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$2.43M
blend $2.71M
$2.98M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,960 SF
Lot area
2.41 ac
Year built
2006
Stories
1
APN
0742.06-49-7356 0039374
Zoning
PUD-CU
Assessed value
$3,555,901
Annual tax
$39,008
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.72M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.95M
@ 6.5% CAP return
$2.72M
@ 7% CAP return
$2.53M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$39,008
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.19M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.3 mi away · 10,203 SF
19.0 mi away · 11,421 SF
21.3 mi away · 7,800 SF
23.1 mi away · 8,644 SF
23.9 mi away · 7,040 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.71M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 19 sales
$217
+25%
County 376 sales
$316
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $272/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+59%
vs current-use indication
Commercial (general)
Medical Building
Warehouse, Storage
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.92%
Selected cap rate for this retail space
Derived from the Apex market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.92%
9.0%
NOI (est.)
$276k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.60M
Move the market yield to see immediate price impact.
Value / SF
$562
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.42%4.92%5.42%
$248k
$5.61M
$5.04M
$4.58M
$276k
$6.24M
$5.60M
$5.09M
$303k
$6.86M
$6.16M
$5.59M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.81M
12.5 mi · Mar 2026 · $230/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
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, NCZoning PUD-CU · permitted uses
PUD-CU · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of the PUD-CZ Planned Unit Development District is to permit variations in order to allow flexibility for landowners to creatively plan for a site specific, higher quality overall development of their land in…
General category
PLANNED_DEVELOPMENT
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PUD-CU
PLANNED_DEVELOPMENT
Jurisdiction
Apex, NC
Recorded code
PUD-CU
Official district
PUD-CU
Official district profile
What the municipal code says about PUD-CU
Zoning description
The purpose of the PUD-CZ Planned Unit Development District is to permit variations in order to allow flexibility for landowners to creatively plan for a site specific, higher quality overall development of their land in…
General category
PLANNED_DEVELOPMENT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD-CU in Apex, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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