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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Specialty properties
1200 Old Raleigh Rd Apex, NC 27502-9236
Entity Owned
7-yr Hold
Property ID
US53-1165952
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2020
Construction
CONCRETE BLOCKS
Total area
4,717 SF
Lot
1.12 ac (48,787 SF)
Zoning code
B1-CZ
APN
0742.20-71-6973 0020128
UPID
US53-1165952
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
-
Lake Pine Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$515k
Owner & transaction history
Katz & Dawgs LLC · 7 yrs held
Katz & Dawgs LLC
since 2019
3 recorded transactions
Zoning & alternative use
B1-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ts Sec. 3.3 / DISTRICT PURPOSES Sec. 3.2.6 / Conditional Zoning Business Districts July 1, 2026 Article 3 - Page 2 3.2.6 Conditional Zoning Business Districts O&I-CZ Office and Institutional Conditional Zoning District; B1-CZ Neighborhood Business Conditional Zoning District; B2-CZ Downtown Business Conditional Zoning District; B3-CZ Transitional Business Co…
Zone name
Neighborhood Business Conditional Zoning
General category
COMMERCIAL
Zone area
97.84 ac
Top alternative use upside
Office building
$840,000
+90.1%
Retail stores
$755,000
+70.7%
Auto repair, garage
$745,000
+69.1%
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
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$440,000
Current use
OFFICE BUILDING
$840,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$755,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$109 / 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
$14,270
Tax year 2023
Assessed value
$1,300,806
Assessed 2023
Previous assessed
$1,300,806
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$439,092
Assessed improvement
$861,714
Land market value
$439,092
Improvement market value
$861,714
Total market value
$1,300,806
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2020
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
4,717 SF
Lot
1.12 ac (48,787 SF)
Zoning code
B1-CZ
APN
0742.20-71-6973 0020128
UPID
US53-1165952
Jurisdiction
WAKE
Zoning & alternative use
B1-CZ · Apex, NCZoning B1-CZ · permitted uses
B1-CZ · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ts Sec. 3.3 / DISTRICT PURPOSES Sec. 3.2.6 / Conditional Zoning Business Districts July 1, 2026 Article 3 - Page 2 3.2.6 Conditional Zoning Business Districts O&I-CZ Office and Institutional Conditional Zoning District; B1-CZ Neighborhood Business Conditional Zoning District; B2-CZ Downtown Business Conditional Zoning District; B3-CZ Transitional Business Conditional Zoning District; PC-CZ Planned Commercial Conditional Zoning District; and
Zone name
Neighborhood Business Conditional Zoning
General category
COMMERCIAL
Zone area
97.84 ac
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$440,000
OFFICE BUILDING
Est. value
$840,000
RETAIL STORES
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$745,000
VETERINARY, ANIMAL HOSPITAL Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2020
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Katz & Dawgs LLC
Entity
Mailing address
1200 OLD RALEIGH RD, APEX, NC 27502-9236
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2019
$490,000
Katz & Dawgs LLC
Sylvia E Martin
Warranty Deed
$2,695,000 · Live Oak Bkg
—
—
Clarence M Edwards
—
Deed Of Trust
related
$1 · Hud
—
—
Clarence M Edwards
—
Deed Of Trust
related
$315,000 · Wells Fargo Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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