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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Grocery and convenience stores
1720 Olive Chapel Rd Apex, NC 27502-8507
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US53-4683596
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2018
Construction
BRICK
Total area
4,300 SF
Lot
1.62 ac (70,567 SF)
Zoning code
PC-CZ
APN
0732.03-12-4946 0439044
UPID
US53-4683596
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
-
bp Gas Station
-
Bitstop Bitcoin ATM Atm Currency Exchange Service
-
Amazon Hub Counter - Apex Market Postal Service Courier Service
-
Bitcoin of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.10M
Owner & transaction history
Ahan Properties LLC · 8 yrs held
Ahan Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
PC-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+59.4%
Commercial (general)
$1.4M
+53.6%
Medical building
$1.4M
+50.0%
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%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
RETAIL STORES
$930,000
Current use
AUTO REPAIR, GARAGE
$1,485,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,430,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$1,395,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,040,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$256 / 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
$39,686
Tax year 2023
Assessed value
$3,617,677
Assessed 2023
Previous assessed
$3,617,677
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,270,206
Assessed improvement
$2,347,471
Land market value
$1,270,206
Improvement market value
$2,347,471
Total market value
$3,617,677
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2018
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,300 SF
Lot
1.62 ac (70,567 SF)
Zoning code
PC-CZ
APN
0732.03-12-4946 0439044
UPID
US53-4683596
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$815,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2018
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Ahan Properties LLC
Entity
Mailing address
1812 VENEZIA WAY, APEX, NC 27502-4740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
—
Ahan Properties LLC
—
Deed
related
$5,000,000 · Citizens Bk
Oct 26, 2018
—
Ahan Properties LLC
—
Deed
related
$760,000 · Clipper Petroleum INC
Dec 28, 2017
—
Ahan Properties LLC
—
Grant Deed
related
$5,875,900 · Wells Fargo Bk
Aug 25, 2017
$1,300,000
Ahan Properties LLC
Apex Pointe LLC
Grant Deed
$1,560,000 · Wells Fargo Bk
—
—
Ahan Properties LLC
—
Deed Of Trust
related
$760,000 · Clipper Petroleum INC
—
—
Ahan Properties LLC
—
Deed Of Trust
related
$5,000,000 · Citizens Bk
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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