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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Warehouses
1071 Classic Rd Apex, NC 27539-4402
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-0526117
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
BRICK
Total area
18,000 SF
Lot
1.52 ac (66,211 SF)
Zoning code
LI
APN
0751.09-15-5852 0237772
UPID
US53-0526117
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
-
Recovery Logistics Llc Logistics Company Freight Service
-
Walsh Construction Co Construction Company General Contractor
-
Site Resources LLC Telecommunications Service Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.72M
Owner & transaction history
H & N Real Prop Holdings LLC · 8 yrs held
H & N Real Prop Holdings LLC
since 2017
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,330,000
6.5%
$2,150,000
7%
$2,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,355,000
Current use
RETAIL STORES
$3,900,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±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
$151 / 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
$28,600
Tax year 2023
Assessed value
$2,607,146
Assessed 2023
Previous assessed
$2,607,146
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$397,266
Assessed improvement
$2,209,880
Land market value
$397,266
Improvement market value
$2,209,880
Total market value
$2,607,146
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
2001
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,000 SF
Lot
1.52 ac (66,211 SF)
Zoning code
LI
APN
0751.09-15-5852 0237772
UPID
US53-0526117
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
RETAIL STORES
Est. value
$3.9M
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
2001
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
H & N Real Prop Holdings LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1071 CLASSIC RD, APEX, NC 27539-4402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Mar 3, 2020
—
H & N Real Property Holdings LLC
—
Deed
related
$2,000,000 · First Horizon Bank
Oct 30, 2017
$1,650,000
H & N Real Prop Holdings LLC
1071 Classic Road LLC
Grant Deed
related
—
Apr 30, 2013
$1,638,000
1071 Classic Road LLC
Pinnacle Park IV LLC
Warranty Deed
—
—
—
1071 Classic Road LLC
—
Deed Of Trust
related
$1,200,000 · Paragon Com'l Bk
—
—
1071 Classic Road LLC
—
Deed Of Trust
related
$1,250,000 · Capstone 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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