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Property profile & analytics
OFF-MARKET
Warehouses
1517 Old Apex Rd, Cary, NC 27513-5364
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-5683719
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
METAL FRAME
Total area
24,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
ICU
APN
0753.14-43-8147 0101279
UPID
US53-5683719
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
-
JVM Property, LLC. Real Estate Agency Property Management Company
-
Consultech Environmental Inc Environmental Consultant
-
Ivy Tailor Shop (Bike/Boat/Book/etc) Store
-
Fantastic Sams Regional Office Corporate Office
-
Core Foundations Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Salt Holdings LLC · 2 yrs held
Salt Holdings LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
ICU · Cary, 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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
24,000 SF
Lot
2.87 ac (125,017 SF)
Zoning code
ICU
APN
0753.14-43-8147 0101279
UPID
US53-5683719
Jurisdiction
WAKE
Zoning & alternative use
ICU · Cary, NC
Zoning ICU · permitted uses
ICU · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.87 ac
Current owner
From public records · entity-resolved
Salt Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 4948TH CARY
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Shalimar Holdings LLC
—
Deed
related
$1,900,000 · Pinnacle Bank
Sep 27, 2023
$1,448,500
Salt Holdings LLC
Djd Real Estate LLC
Special Warranty Deed
—
Mar 2, 2023
$1,250,000
Djd Real Estate LLC
Bwb West LLC
Warranty Deed
$1,000,000 · First Reliance Bank
Apr 12, 2019
$350,000
Bellagama LLC
Sashah LLC
Warranty Deed
$245,000 · Peoples Bk
Jun 21, 2018
—
Shalimar Holdings LLC
—
Deed
related
$400,000 · North St Bk
Oct 19, 2016
$310,000
Bellagama LLC
Crestview Associates Of Nc LLC
Warranty Deed
—
Sep 30, 2016
$615,000
Shalimar Holdings LLC
Crestview Associates Of Nc LLC
Warranty Deed
related
$492,000 · Fidelity Bk
Jul 27, 2016
$735,000
Bwb West LLC
Shah,rajesh B & Pragna R
Warranty Deed
—
Nov 27, 2007
—
Old Apex Road Center Condo
Owner,record
Grant Deed
related
—
Mar 8, 2007
—
Crestview Associates Of Nc LLC
—
Trustees Deed
related
$1,622,000 · First Tennessee Bank National
Aug 29, 2006
—
Crestview Associates Of Nc LLC
Panko,donald W & Georgene K
Warranty Deed
related
—
Jul 27, 2006
$460,000
Crestview Associates Of Nc LLC
Panko,donald W & Georgene K
Warranty Deed
—
—
—
Crestview Associates Of Nc LLC
—
Deed Of Trust
related
$250,000 · Trustatlantic 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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