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Property profile & analytics
OFF-MARKET
Investment properties
1010 Woodlands Crk Way Apex, NC 27502-5250
Individually Owned
2-yr Hold
Property ID
US53-5827700
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Total area
3,108 SF
Lot
0.2 ac (8,712 SF)
Zoning code
MD-CU
APN
0731.01-15-0364 0326241
UPID
US53-5827700
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sherika Shurmaine Simpson · 2 yrs held
Sherika Shurmaine Simpson
since 2023
Last sale
$360,000
7 recorded transactions
Zoning & alternative use
MD-CU · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,336
Tax year 2023
Assessed value
$393,455
Assessed 2023
Previous assessed
$393,455
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$85,000
Assessed improvement
$308,455
Land market value
$85,000
Improvement market value
$308,455
Total market value
$393,455
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2007
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
3
Total area
3,108 SF
Lot
0.2 ac (8,712 SF)
Zoning code
MD-CU
APN
0731.01-15-0364 0326241
UPID
US53-5827700
Jurisdiction
WAKE
Zoning & alternative use
MD-CU · Apex, NC
Zoning MD-CU · permitted uses
MD-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.
Building & site characteristics
From public records
Year built
2007
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Sherika Shurmaine Simpson
Individual
Mailing address
1010 WOODLANDS CRK WAY, APEX, NC 27502-5250
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
—
Sherika Simpson
—
Deed
related
$150,000 · Navy FCU
Dec 8, 2023
—
Sherika Shurmaine Simpson
Sherika Simpson
Intrafamily Transfer
related
—
Sep 2, 2021
—
Sherika Simpson
—
Deed
related
$389,739 · Loandepot.com LLC
Jul 31, 2020
$360,000
Sherika Simpson
Offerpad Spvborroweri LLC
Warranty Deed
$304,200 · Navy FCU
Sep 3, 2019
$393,000
Offerpad Spvborrower1 LLC
Walter D Cabrera
Warranty Deed
—
Apr 24, 2018
—
Walter D Cabrera
—
Deed
related
$275,000 · Monsterloans
Mar 26, 2007
$286,500
Cabrera,walter D & Consuelo
K Hovnanian Hms Of North Carolina
Grant Deed
$262,350 · K Hovnanian American Mtg
Mar 22, 2006
$133,500
K Hovnanian Hms Of North Carolina
Crocketts Ridge Phase II INC
Warranty Deed
—
—
—
Walter D Cabrera
—
Deed Of Trust
related
$280,000 · Coastal FCU
—
—
Walter D Cabrera
—
Deed Of Trust
related
$20,000 · Coastal Federal Financial Grp
—
—
Walter D Cabrera
—
Deed Of Trust
related
$275,000 · Monsterloans
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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