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    Property profile & analytics

    1617 Ctr St Apex, NC 27502-7024

    • Investment properties
    • 1,737 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Last Sale
    Dec 28, 2021
    $450,000
    Location Intelligence
    Property ID
    US53-1170683
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Element Property Management / Property Management Company
    • Cotton Custom Homes / Bathroom Remodeler / General Contractor
    • Peak Engineering / Engineer
    • Allen Tate Realtors Apex Office / Real Estate Agency / Insurance Broker
    • Ashley Morello, Founder at Element Realty Group of Allen Tate/Apex / Real Estate Agent

    Property Details for 1617 Ctr St

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.86 lot acres
    Property size
    1,737 SF
    Zone code
    MORR-CZ
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0751.05-09-7652 0359173
    APU
    751050976520359173

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $475,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $470,000
      Mixed-Use
      $475,000
      Hospitality
      $385,000
      Educational
      $420,000
      Residential Income
      $525,000
      Energy
      $430,000
      Income-Based Land
      $450,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.829
    Latitude
    35.7272
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,916
    $252,869
    $11,083
    $263,952
    -
    $252,869
    $11,083
    $263,952

    Comparable in this City

    • Value Estimation by Request
      1,268 SF

      402 Hughes St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,268 SF
      402 Hughes St, Apex, NC 27502-2114
      View Details
    • Value Estimation
      $365,000
      2,316 SF

      104 Chatham St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,316 SF
      104 Chatham St, Apex, NC 27502-1406
      View Details
    • Value Estimation
      $465,000
      1,032 SF

      2633 Schieffelin Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,032 SF
      2633 Schieffelin Rd, Apex, NC 27502-7003
      View Details
    • Value Estimation
      $260,000
      1,188 SF

      1202 Williams St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,188 SF
      1202 Williams St, Apex, NC 27502
      View Details
    • Value Estimation
      $315,000
      1,940 SF

      106 Chatham St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,940 SF
      106 Chatham St, Apex, NC 27502-1406
      View Details
    • Value Estimation
      $1,345,000
      1,963 SF

      1510 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,963 SF
      1510 Salem St, Apex, NC 27502-2932
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      Prime Apex retail location, single tenant, 1 sq ft.
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      Flex space available for sublease in SW Wake County.
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      View Details
    • $2,175 /Mo
      2,090 SF

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    1617 Ctr St
    Apex, NC 27502-7024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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