Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
115 Salem Towne Ct Apex, NC 27502-2311
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0142870
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
1,155 SF
Lot
0.02 ac (871 SF)
Zoning code
O&I-CU
APN
0742.14-43-7682 0254285
UPID
US53-0142870
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
-
Lori Aveni, CPA, PLLC Accounting Firm
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
Slpm Properties LLC · 5 yrs held
Slpm Properties LLC
since 2021
Last sale
$190,000
7 recorded transactions
Zoning & alternative use
O&I-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
$2,141
Tax year 2023
Assessed value
$195,152
Assessed 2023
Previous assessed
$195,152
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$30,000
Assessed improvement
$165,152
Land market value
$30,000
Improvement market value
$165,152
Total market value
$195,152
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
1,155 SF
Lot
0.02 ac (871 SF)
Zoning code
O&I-CU
APN
0742.14-43-7682 0254285
UPID
US53-0142870
Jurisdiction
WAKE
Zoning & alternative use
O&I-CU · Apex, NC
Zoning O&I-CU · permitted uses
O&I-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
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.02 ac
Current owner
From public records · entity-resolved
Slpm Properties LLC
Entity
Mailing address
115 SALEM TOWNE CT, APEX, NC 27502-2311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
Slpm Properties LLC
—
Deed
related
$194,643 · North State Bank
Jun 30, 2021
$190,000
Slpm Properties LLC
K & J Investment Properties Of Nc L
Warranty Deed
$240,000 · Live Oak Banking Company
May 31, 2016
$319,000
K & J Investment Props Of Nc LLP
Marino,michael
Warranty Deed
$276,250 · Branch Bk&tr
May 24, 2013
—
Michael Marino
Mrmems LLC
Warranty Deed
related
$289,000 · First Citizens Bank & Trust Co
Apr 16, 2004
$143,500
Mrmems LLC
Earp,james W III
Warranty Deed
$143,000 · Central Carolina Bank & Trust
Apr 11, 2003
—
James W Earp III
—
Deed Of Trust
related
—
—
—
Michael Marino
—
Deed Of Trust
related
$50,000 · Martin Eye Associates Od Pa
—
—
Mrmems LLC
—
Deed Of Trust
related
$309,000 · Suntrust Bank NA
—
—
Mrmems LLC
—
Deed Of Trust
related
$618,000 · Suntrust Bank NA
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 115 Salem Towne Ct?
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.
