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Property profile & analytics
OFF-MARKET
Estimated value
$11,690,000
Retail properties & Spaces
1151 Pne Plz Dr Apex, NC 27523-6408
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4078011
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2017
Construction
BRICK
Total area
64,748 SF
Lot
7.53 ac (328,007 SF)
Zoning code
PC-CZ
APN
0752.09-07-1094 0427894
UPID
US53-4078011
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.56M
Blend (final)
Blend
$11.69M
Owner & transaction history
TARAKHAN HOLDINGS LLC · 5 yrs held
TARAKHAN HOLDINGS LLC
since 2021
Last sale
$12.3M
1 recorded transaction
Zoning & alternative use
PC-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$15.7M
+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
$15,880,000
ML approach
$11,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,025,000
Current use
WAREHOUSE, STORAGE
$15,660,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$11.69M
Range $10.52M – $12.86M · ±10% · vs last sale $12.25M (Apr 22 2021)
Last sale anchor
$12.25M
Apr 22 2021
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
$181 / 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
$91,442
Tax year 2023
Assessed value
$8,335,668
Assessed 2023
Previous assessed
$8,335,668
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$3,837,682
Assessed improvement
$4,497,986
Land market value
$3,837,682
Improvement market value
$4,497,986
Total market value
$8,335,668
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2017
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
64,748 SF
Lot
7.53 ac (328,007 SF)
Zoning code
PC-CZ
APN
0752.09-07-1094 0427894
UPID
US53-4078011
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
$14.0M
WAREHOUSE, STORAGE
Est. value
$15.7M
RETAIL STORES Current
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
2017
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.53 ac
Current owner
From public records · entity-resolved
TARAKHAN HOLDINGS LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2021
$12,254,000
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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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