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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Specialty properties
1002 Investment Blvd Apex, NC 27502-1954
Trust Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5716528
Property profile
Verified
Property type
Specialty properties
Use group
KENNEL
Year built
1988
Construction
METAL FRAME
Total area
8,650 SF
Lot
0.75 ac (32,670 SF)
Zoning code
LI
APN
0741.08-78-8776 0157468
UPID
US53-5716528
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
-
K9 Resorts Luxury Pet Hotel Apex Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Tadych H Allen Living Trust · 19 yrs held
Tadych H Allen Living Trust
since 2007
7 recorded transactions
Zoning & alternative use
LI · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A) LI Light Industrial District The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands. B) HI Heavy Industrial District The purpose and intent of the HI…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$60 / 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
$19,858
Tax year 2023
Assessed value
$1,810,191
Assessed 2023
Previous assessed
$1,810,191
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$196,020
Assessed improvement
$1,614,171
Land market value
$196,020
Improvement market value
$1,614,171
Total market value
$1,810,191
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
Specialty properties
Use group
KENNEL
Status
Off-Market
Year built
1988
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,650 SF
Lot
0.75 ac (32,670 SF)
Zoning code
LI
APN
0741.08-78-8776 0157468
UPID
US53-5716528
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NCZoning LI · permitted uses
LI · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A) LI Light Industrial District The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands. B) HI Heavy Industrial District The purpose and intent of the HI Heavy Industrial District is to provide sufficient lands in appropriate locations for high-intensity industrial, manufacturing, processing, or similar uses that may generate noise, traffic, or other impacts not suitable for residential or commercial areas. This district is intended to accommodate uses that require larger sites, specialized infrastructure, or separation from incompatible uses, while promoting orderly development and protecting public health, safety, and welfare. 3.3.4 Planned Development Districts The purpose and intent of the planned development districts is to encourage the design of a more complete and sustainable environment consistent with the Town’s small-town
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
Building & site characteristics
From public records
Year built
1988
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Tadych H Allen Living Trust
Trust
Mailing address
5608 TANGLEWOOD PNE LN, RALEIGH, NC 27610-3169
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
—
1002 Investment Blvd LLC
—
Deed
related
$2,162,276 · Dogwood State Bank
Sep 28, 2018
—
1002 Investment Blvd LLC
—
Deed
related
$1,498,000 · United Cmnty Bk
Jun 26, 2018
—
1002 Investment Blvd LLC
—
Deed
related
$832,000 · United Cmnty Bk
May 30, 2017
—
Tadych,h Allen Living Trust
—
Deed
related
$200,000 · Paragon Com'l Bk
May 12, 2017
—
Tadych,mary C Living Trust
—
Deed
related
—
Apr 25, 2007
$615,000
Tadych H Allen Living Trust
Bendel,james A & Kelly B
Warranty Deed
$492,000 · Paragon Commercial Bank
Dec 30, 2002
$325,000
J Bendel
Mesler,g
Grant Deed
—
Jan 30, 2001
$292,000
Gregory W Mesler
Domer,maxine R
Grant Deed
—
Jan 2, 2001
$292,000
Gregory W Mesler
Rubert,joseph O
Grant Deed
—
—
—
Tadych H A & Mary C Living Trust
—
Deed Of Trust
related
$475,000 · Paragon Commercial Bank
—
—
1002 Investment Blvd LLC
—
Deed Of Trust
related
$832,000 · United Cmnty Bk
—
—
James A Bendel
—
Deed Of Trust
related
$375,000 · Fidelity Bank NA
—
—
James A Bendel
—
Deed Of Trust
related
$685,000 · Fidelity Bank NA
—
—
Tadych,h Allen Living Trust
—
Deed Of Trust
related
$200,000 · Paragon Com'l Bk
—
—
Tadych,mary C Living Trust
—
Loan Modification
related
—
—
—
1002 Investment Blvd LLC
—
Deed Of Trust
related
$1,498,000 · United Cmnty Bk
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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