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Property profile & analytics
OFF-MARKET
Estimated value
$30,880,000
Distribution centers
1251 Burma Dr Apex, NC 27539-5055
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2767996
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Total area
234,000 SF
Lot
21.53 ac (937,847 SF)
Zoning code
LI-CZ
APN
0751.03-13-2324 0490738
UPID
US53-2767996
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
-
AG Stones Building Supply Factory
-
Apex Commerce Center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.98M
Comparable Approach
Comparable
$30.01M
Blend (final)
Blend
$30.88M
Owner & transaction history
Apex Industrial Owner 3 LLC · 4 yrs held
Apex Industrial Owner 3 LLC
since 2022
1 recorded transaction
Zoning & alternative use
LI-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District; B3-CZ Transitional Business Conditional Zoning District; PC-CZ Planned Commercial Conditional Zoning District; and TF-CZ Tech/Flex Conditional Zoning District; 3.2.7 Conditional Zoning Industrial Districts A) LI-CZ Light Industrial Conditional Zoning District; and B) HI-CZ Heavy Industrial Conditional Zoning District. 3.2.8 Conditional Zoning Plann…
Zone name
Light Industrial Conditional Zoning
General category
INDUSTRIAL
Zone area
765.66 ac
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
by Request
CAP Approach
CAP Return
Estimation
6%
$30,310,000
6.5%
$27,980,000
7%
$25,980,000
Alternative Use
Use
Estimation
RETAIL STORES
$50,695,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$30.88M
Range $27.79M – $33.97M · ±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
$132 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$272,146
Tax year 2024
Assessed value
$31,885,848
Assessed 2024
Previous assessed
$31,885,848
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$4,219,222
Assessed improvement
$27,666,626
Land market value
$4,219,222
Improvement market value
$27,666,626
Total market value
$31,885,848
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
234,000 SF
Lot
21.53 ac (937,847 SF)
Zoning code
LI-CZ
APN
0751.03-13-2324 0490738
UPID
US53-2767996
Jurisdiction
WAKE
Zoning & alternative use
LI-CZ · Apex, NCZoning LI-CZ · permitted uses
LI-CZ · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District; B3-CZ Transitional Business Conditional Zoning District; PC-CZ Planned Commercial Conditional Zoning District; and TF-CZ Tech/Flex Conditional Zoning District; 3.2.7 Conditional Zoning Industrial Districts A) LI-CZ Light Industrial Conditional Zoning District; and B) HI-CZ Heavy Industrial Conditional Zoning District. 3.2.8 Conditional Zoning Planned Development Districts MEC-CZ Major Employment Center Conditional Zoning District;
Zone name
Light Industrial Conditional Zoning
General category
INDUSTRIAL
Zone area
765.66 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$50.7M
RETAIL STORES
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
2022
Heating
SPACE
Cooling
Yes
Stories
1
Lot
21.53 ac
Current owner
From public records · entity-resolved
Apex Industrial Owner 3 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Apex Industrial Owner 3 LLC
Apex Industrial Owner I LLC
Quit Claim Deed
related
—
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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