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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Warehouses
1019 Investment Blvd Apex, NC 27502-1980
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5717761
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
CONCRETE BLOCKS
Total area
18,791 SF
Lot
3.41 ac (148,540 SF)
Zoning code
LI-CU
APN
0741.08-99-3266 0251336
UPID
US53-5717761
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
-
Dominion Heritage Capital Partners LLC Big Box & Wholesale Store
-
Rudy's Glass and Mirror Corp. Hardware & Home Improvement Home Decor Store
-
Custom Tint, Inc. Car Wash
-
HLW Custom Guitars (Bike/Boat/Book/etc) Store
-
Icdezines General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.91M
Owner & transaction history
Apex Flex Storage INC · 20 yrs held
Apex Flex Storage INC
since 2006
5 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%
$3,060,000
6.5%
$2,825,000
7%
$2,620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,545,000
Current use
RETAIL STORES
$4,070,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±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
$155 / 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
$48,117
Tax year 2023
Assessed value
$4,386,246
Assessed 2023
Previous assessed
$4,386,246
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,188,320
Assessed improvement
$3,197,926
Land market value
$1,188,320
Improvement market value
$3,197,926
Total market value
$4,386,246
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
96
Total area
18,791 SF
Lot
3.41 ac (148,540 SF)
Zoning code
LI-CU
APN
0741.08-99-3266 0251336
UPID
US53-5717761
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2005
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
96
Lot
3.41 ac
Current owner
From public records · entity-resolved
Apex Flex Storage INC
Entity
Mailing address
1041 INVESTMENT BLVD, APEX, NC 27502-1799
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2008
—
Apex Flex Storage INC Corp
—
Trustees Deed
related
$4,500,000 · Suntrust Bank NA
Jun 22, 2006
—
Apex Flex Storage INC
N & I Properties LLC
Warranty Deed
$1,550,000 · Suntrust Bank NA
May 26, 2004
$325,000
N & I Properties LLC
Iannone,joseph V
Warranty Deed
$300,000 · Central Carolina Bank & Trust
—
—
Apex Flex Storage INC
—
Deed Of Trust
related
$4,325,000 · Bank Of North Carolina
—
—
Apex Flex Storage INC
—
Deed Of Trust
related
$265,000 · Trustatlantic Bank
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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