Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Warehouses
1016 Investment Blvd Apex, NC 27502-1954
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-5431058
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
CONCRETE BLOCKS
Total area
55,950 SF
Lot
4.5 ac (196,020 SF)
Zoning code
LI-CU
APN
0741.08-98-1708 0251339
UPID
US53-5431058
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
-
XL Sports World Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
City Sofive Apx LLC · 2 yrs held
City Sofive Apx LLC
since 2024
7 recorded transactions
Zoning & alternative use
LI-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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,245,000
6.5%
$6,690,000
7%
$6,210,000
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±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
$90 / 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
$61,193
Tax year 2023
Assessed value
$5,578,201
Assessed 2023
Previous assessed
$5,578,201
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,176,120
Assessed improvement
$4,402,081
Land market value
$1,176,120
Improvement market value
$4,402,081
Total market value
$5,578,201
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
55,950 SF
Lot
4.5 ac (196,020 SF)
Zoning code
LI-CU
APN
0741.08-98-1708 0251339
UPID
US53-5431058
Jurisdiction
WAKE
Zoning & alternative use
LI-CU · Apex, NC
Zoning LI-CU · permitted uses
LI-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
2000
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
City Sofive Apx LLC
Entity
Free & Clear · 2 yrs held
Mailing address
447 BROADWAY FL FL, NEW YORK, NY 10013-2562
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Xl Soccer World Orlando LLC
—
Deed
related
$10,000,000 · Newtek Bank NA
Apr 5, 2024
—
City Sofive Apx LLC
Xl Sports World LLC
Lease
—
Dec 8, 2016
—
Xl Sports World LLC
—
Deed
related
$2,256,591 · Mercantile Cap
Dec 2, 2016
—
Xl Sports World LLC
—
Deed
related
$1,857,000 · Florida First Cap Fin
Sep 29, 2015
$4,700,000
Xl Sports World LLC
Sports Palace Ventures LLC
Warranty Deed
related
—
Sep 9, 2008
$2,500,000
Sports Palace Ventures LLC
Dream Sports Center LLC
Warranty Deed
related
$2,500,000 · Branch Banking & Trust Co
—
—
Xl Sports World LLC
—
Deed Of Trust
related
$1,857,000 · Florida First Cap Fin
—
—
Xl Sports World LLC
—
Deed Of Trust
related
$2,256,591 · Mercantile Cap
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 1016 Investment Blvd?
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.
