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    Property profile & analytics

    118 Salem Towne Ct Apex, NC 27502-2311

    • Office buildings
    • 1,302 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Last Sale
    Apr 04, 2022
    $250,000
    Location Intelligence
    Property ID
    US53-0151024
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Automotive Management Solutions / Software Company
    • Holistic Healing Massage & Bodywork LLC / Massage Therapist
    • Westna Permanent Makeup and Training Studio / Eyebrow Bar / Eyelash Salon
    • Amber Massages, LLC / Massage Therapist / Service Establishment
    • Spa and Wellness Suites / Office Space Rental Agency

    Property Details for 118 Salem Towne Ct

    Year built
    2000
    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property size
    1,302 SF
    Zone code
    O&I-CU
    Property type
    Office buildings
    APN
    0742.14-43-6578 0269422
    APU
    742144365780269422

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $260,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $265,000
      Mixed-Use
      $270,000
      Hospitality
      $290,000
      Educational
      $285,000
      Residential Income
      $270,000
      Energy
      $220,000
      Income-Based Land
      $285,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8494
    Latitude
    35.7381
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,245
    $30,000
    $174,607
    $204,607
    -
    $30,000
    $174,607
    $204,607

    Comparable in this City

    • Value Estimation by Request
      14,840 SF

      2020 Energy Dr

      OFFICE BUILDING • 14,840 SF
      2020 Energy Dr, Apex, NC 27502-8722
      View Details
    • Value Estimation by Request
      20,808 SF

      2850 Milano Ave

      OFFICE BUILDING • 20,808 SF
      2850 Milano Ave, Apex, NC 27502
      View Details
    • Value Estimation by Request
      17,352 SF

      320 Salem St

      OFFICE BUILDING • 17,352 SF
      320 Salem St, Apex, NC 27502-1481
      View Details
    • Value Estimation
      $435,000
      1,612 SF

      501 Salem St Ste, Unit 100

      OFFICE BUILDING • 1,612 SF
      501 Salem St Ste, Apex, NC 27502-2315
      View Details
    • Value Estimation
      $225,000
      3,200 SF

      1500 Town Side Dr, Unit 2D

      OFFICE BUILDING • 3,200 SF
      1500 Town Side Dr, Apex, NC 27502-6604
      View Details
    • Value Estimation
      $270,000
      1,056 SF

      320 Salem St Ste, Unit 100

      OFFICE BUILDING • 1,056 SF
      320 Salem St Ste, Apex, NC 27502-1481
      View Details

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    118 Salem Towne Ct
    Apex, NC 27502-2311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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