Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Retail space
1101 Marco Dr Apex, NC 27502-2540
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4673126
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
BRICK
Total area
11,866 SF
Lot
0.9 ac (39,204 SF)
Zoning code
PC-CZ
APN
0741.12-86-0209 0451850
UPID
US53-4673126
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
-
Cardiacs Sports & Memorabilia (Bike/Boat/Book/etc) Store
-
Jordan Espersen Physician
-
Senior Wyze Senior Care & Assisted Living Apex NC Nursing Home Retirement Community
-
CBT Counseling Centers - Apex Crisis Center Medical Clinic
-
Cognitive Psychiatry of Chapel Hill Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.39M
Owner & transaction history
Jci Enterprises LLC · 4 yrs held
Jci Enterprises LLC
since 2022
Last sale
$2.6M
1 recorded transaction
Zoning & alternative use
PC-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+53.6%
Medical building
$3.9M
+50.0%
Warehouse, storage
$2.9M
+11.6%
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%
$3,510,000
6.5%
$3,240,000
7%
$3,010,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,570,000
Current use
COMMERCIAL (GENERAL)
$3,945,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$3,855,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,870,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.63M (Dec 4 2020)
Last sale anchor
$2.63M
Dec 4 2020
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
$201 / 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
$12,605
Tax year 2023
Assessed value
$1,723,517
Assessed 2023
Previous assessed
$1,723,517
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$352,836
Assessed improvement
$1,370,681
Land market value
$352,836
Improvement market value
$1,370,681
Total market value
$1,723,517
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Construction
BRICK
Heating
NONE
Cooling
NONE
Stories
2
Total area
11,866 SF
Lot
0.9 ac (39,204 SF)
Zoning code
PC-CZ
APN
0741.12-86-0209 0451850
UPID
US53-4673126
Jurisdiction
WAKE
Zoning & alternative use
PC-CZ · Apex, NC
Zoning PC-CZ · permitted uses
PC-CZ · 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
RETAIL STORES Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2020
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Jci Enterprises LLC
Entity
Mailing address
6017 HEATHERSTONE DR, RALEIGH, NC 27606-8700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
Jci Enterprises LLC
—
Deed
related
$270,000 · First Citizens Bank & Trust Co
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 1101 Marco Dr?
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.
