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    Property profile & analytics

    119 Salem St Apex, NC 27502-1427

    • Turn key restaurants
    • 3,125 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $445,000
    Location Intelligence
    Property ID
    US53-1490416
    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

    • The Provincial / American Restaurant / Restaurant

    Property Details for 119 Salem St

    Year built
    1915
    Construction
    BRICK
    Lot size
    0.06 lot acres
    Property size
    3,125 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    0742.18-41-1117 0033343
    APU
    742184111170033343

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8514
    Latitude
    35.7314
    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
    $8,461
    $73,192
    $698,126
    $771,318
    -
    $73,192
    $698,126
    $771,318

    Comparable in this City

    • Value Estimation by Request
      5,311 SF

      320 Salem St

      RESTAURANT • 5,311 SF
      320 Salem St, Apex, NC 27502-1827
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    • Value Estimation by Request
      4,760 SF

      1301 Williams St

      RESTAURANT • 4,760 SF
      1301 Williams St, Apex, NC 27502-2188
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    • Value Estimation
      $355,000
      1,820 SF

      209 Williams St

      RESTAURANT • 1,820 SF
      209 Williams St, Apex, NC 27502-2144
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    • Value Estimation by Request
      5,696 SF

      1431 Beaver Crk Cmns Dr

      RESTAURANT • 5,696 SF
      1431 Beaver Crk Cmns Dr, Apex, NC 27502-3995
      View Details
    • Value Estimation by Request
      5,568 SF

      1411 Beaver Crk Cmns Dr

      RESTAURANT • 5,568 SF
      1411 Beaver Crk Cmns Dr, Apex, NC 27502-3995
      View Details
    • Value Estimation by Request
      5,977 SF

      1120 Beaver Crk Cmns Dr

      RESTAURANT • 5,977 SF
      1120 Beaver Crk Cmns Dr, Apex, NC 27502-3919
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Apex Land Investment Opportunity

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      New Construction Townhome Near Apex

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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

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      Prime Apex retail location, single tenant, 1 sq ft.
      746 Williams St, Apex, NC 27502
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    • $22 SF/Yr
      52,263 SF

      Apex Office Suite - 867 SF

      Prime Apex office space, immediate occupancy.
      800 Williams St, Apex, NC 27502
      View Details
    • $18 SF/Yr
      19,203 SF

      Apex Flex Space Sublease

      Flex space available for sublease in SW Wake County.
      2047 Energy Dr, Apex, NC 27502
      View Details
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    119 Salem St
    Apex, NC 27502-1427
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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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