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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Specialty properties
1600 Williams St, Apex, NC 27539-7703
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-1791520
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1974
Construction
CONCRETE BLOCKS
Total area
7,236 SF
Lot
6.38 ac (277,913 SF)
Zoning code
LI
APN
0741.04-81-5609 0160068
UPID
US53-1791520
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
-
Tams Todd DVM Veterinary Clinic
-
Summit Equine Hospital Veterinary Clinic
-
VCA Apex Animal Hospital Veterinary Clinic
-
Camp K9 Training Animal Training
-
Cupp Rae DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$967k
Blend (final)
Blend
$705k
Owner & transaction history
Apex Rent Account LLC · 11 yrs held
Apex Rent Account LLC
since 2015
2 recorded transactions
Zoning & alternative use
LI · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+71.6%
Apartment house (5+ units)
$1.1M
+61.3%
Retail stores
$1.1M
+55.1%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$680,000
Current use
COMMERCIAL (GENERAL)
$1,165,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,095,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +55% · Conversion: Difficult
RESTAURANT
$1,040,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$875,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$97 / 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
$24,059
Tax year 2023
Assessed value
$2,193,176
Assessed 2023
Previous assessed
$2,193,176
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,534,080
Assessed improvement
$659,096
Land market value
$1,534,080
Improvement market value
$659,096
Total market value
$2,193,176
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
1974
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
7,236 SF
Lot
6.38 ac (277,913 SF)
Zoning code
LI
APN
0741.04-81-5609 0160068
UPID
US53-1791520
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NC
Zoning LI · permitted uses
LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$875,000
VETERINARY, ANIMAL HOSPITAL Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
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
1974
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
6.38 ac
Current owner
From public records · entity-resolved
Apex Rent Account LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1765 TOWN HOME DR, APEX, NC 27502-6690
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2015
—
Apex Rent Account LLC
Apex Rent Account Ptshp
Quit Claim Deed
related
—
—
—
Apex Rent Account Ptshp
—
Deed Of Trust
related
$85,000 · Branch Banking & Trust Co
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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