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Property profile & analytics
OFF-MARKET
Estimated value
$18,825,000
Automotive properties
1501 Salem St, Apex, NC 27502-2933
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-0926326
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2018
Construction
BRICK
Total area
145,001 SF
Lot
20.31 ac (884,704 SF)
Zoning code
PC-CZ
APN
0742.10-37-4226 0055260
UPID
US53-0926326
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
-
Mustang Charlie's Diner Restaurant
-
Crossroads Ford of Apex - Service Department Auto Repair Shop Vehicle Inspection Center
-
Crossroads Ford of Apex Car Dealership
-
Crossroads Ford of Apex - Parts Department Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.43M
Blend (final)
Blend
$18.83M
Owner & transaction history
CROSSROADS HOLDINGS, LLC
CROSSROADS HOLDINGS, LLC
Zoning & alternative use
PC-CZ · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.83M
Range $16.94M – $20.71M · ±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
$130 / 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
$309,225
Tax year 2023
Assessed value
$28,188,219
Assessed 2023
Previous assessed
$28,188,219
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$4,459,657
Assessed improvement
$23,728,562
Land market value
$4,459,657
Improvement market value
$23,728,562
Total market value
$28,188,219
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2018
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
2
Total area
145,001 SF
Lot
20.31 ac (884,704 SF)
Zoning code
PC-CZ
APN
0742.10-37-4226 0055260
UPID
US53-0926326
Jurisdiction
WAKE
Zoning & alternative use
PC-CZ · Apex, NC
Zoning PC-CZ · permitted uses
PC-CZ · 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
2018
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
20.31 ac
Current owner
From public records · entity-resolved
CROSSROADS HOLDINGS, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 911, HENDERSON, NC 27536-0911
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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