Property profile

119 Salem St Apex, NC 27502

OFF-MARKET
Turn key restaurants
Property ID
US53-1490416
3,125 SF 0.06 ac lot Built 1915
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1915
Construction BRICK
Total area 3,125 SF
Lot 0.06 ac (2,614 SF)
Zoning code B2
APN 0742.18-41-1117 0033343
UPID US53-1490416

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

119 Salem St Apex, NC 27502-1427
Apex metro Census 53429 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2015
2 recorded transactions
2015
$590,000
1969
Price N/A

Zoning & alternative use

B2 · Apex, NC
Zoning description

B2 Downtown Business District The purpose and intent of the B2 Downtown Business District is to encourage the development of a high intensity, mixed-use, pedestrian-oriented downtown business district, with retail, finan…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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