Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
1600 Olive Chapel Rd Ste 136 Apex, NC 27502-6766
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-3945433
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
BRICK
Total area
1,500 SF
Zoning code
TF-CZ
APN
0732.03-23-6371 0435457
UPID
US53-3945433
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
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
Manjula R Petchetti · 9 yrs held
Manjula R Petchetti
since 2016
1 recorded transaction
Zoning & alternative use
TF-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 TF-CZ Tech/Flex Conditional Zoning District; 3.2.7 Conditional Zoning Industrial Districts A) LI-CZ Light Industrial Conditional Zoning Distr…
Zone name
Technology Flex Conditional Zoning
General category
INDUSTRIAL
Zone area
164.41 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
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
Tax billed
$2,344
Tax year 2023
Assessed value
$213,695
Assessed 2023
Previous assessed
$213,695
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed improvement
$213,695
Improvement market value
$213,695
Total market value
$213,695
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,500 SF
Zoning code
TF-CZ
APN
0732.03-23-6371 0435457
UPID
US53-3945433
Jurisdiction
WAKE
Zoning & alternative use
TF-CZ · Apex, NCZoning TF-CZ · permitted uses
TF-CZ · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 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 Zo
Zone name
Technology Flex Conditional Zoning
General category
INDUSTRIAL
Zone area
164.41 ac
Building & site characteristics
From public records
Year built
2017
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Manjula R Petchetti
Individual
Mailing address
1621 CARY RESERVE DR, CARY, NC 27519-9629
Ownership since
2016
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
Nov 16, 2016
$206,000
Manjula R Petchetti
540 Flex & Business Park LLC
Warranty Deed
$164,000 · Four Oaks Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1600 Olive Chapel Rd Ste, Unit 136?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
