Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
118 Salem Towne Ct Apex, NC 27502-2311
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0151024
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
1,302 SF
Lot
0.03 ac (1,307 SF)
Zoning code
O&I-CU
APN
0742.14-43-6578 0269422
UPID
US53-0151024
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
-
Automotive Management Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Holistic Healing Massage & Bodywork LLC Alternative Medicine Practice Spa & Massage Center
-
Westna Permanent Makeup and Training Studio Medical Clinic Skin Care Clinic
-
Amber Massages, LLC Alternative Medicine Practice Spa & Massage Center
-
Spa and Wellness Suites Real Estate Agency
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
Ashland Partners LLC · 4 yrs held
Ashland Partners LLC
since 2022
Last sale
$250,000
5 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
$2,245
Tax year 2023
Assessed value
$204,607
Assessed 2023
Previous assessed
$204,607
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$30,000
Assessed improvement
$174,607
Land market value
$30,000
Improvement market value
$174,607
Total market value
$204,607
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
1,302 SF
Lot
0.03 ac (1,307 SF)
Zoning code
O&I-CU
APN
0742.14-43-6578 0269422
UPID
US53-0151024
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
0.03 ac
Current owner
From public records · entity-resolved
Ashland Partners LLC
Entity
Mailing address
3809 SPARROW POND LN, RALEIGH, NC 27606-8505
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2022
$250,000
Ashland Partners LLC
Rushil LLC
Warranty Deed
$200,000 · The Fidelity Bank
Dec 21, 2015
$200,000
Rushil LLC
Hubbard,terry L & Carrie B
Warranty Deed
$119,000 · Bank Of America
Jan 9, 2006
$173,500
Terry L Hubbard
Arrowvail LLC
Warranty Deed
$148,959 · Bank Of America
Apr 5, 2004
$169,000
Arrowvail LLC
Mwh Properties LLC
Warranty Deed
$160,000 · Central Carolina Bank & Trust
—
—
Terry L Hubbard
—
Deed Of Trust
related
$383,933 · Bank Of Hampton Roads
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 118 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.
