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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Specialty properties
2010 Salem St Apex, NC 27523-8206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0909492
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1993
Total area
4,743 SF
Lot
4.04 ac (175,982 SF)
Zoning code
LI
APN
0742.08-89-1288 0193204
UPID
US53-0909492
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
-
Town & Country Veterinary Hospital Veterinary Clinic
-
Matthew Merriman DVM Veterinary Clinic
-
Deana McNamer DVM Veterinary Clinic
-
Christine Boyd DVM Veterinary Clinic
-
Amanda Groulx DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$615k
Owner & transaction history
Town & Country Kennels LLC · 4 yrs held
Town & Country Kennels LLC
since 2022
2 recorded transactions
Zoning & alternative use
LI · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A) LI Light Industrial District The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands. B) HI Heavy Industrial District The purpose and intent of the HI…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
Top alternative use upside
Medical building
$890,000
+100.4%
Office building
$865,000
+95.1%
Commercial (general)
$760,000
+71.6%
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$445,000
Current use
MEDICAL BUILDING
$890,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: +95% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$130 / 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
$26,037
Tax year 2023
Assessed value
$2,373,427
Assessed 2023
Previous assessed
$2,373,427
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$703,928
Assessed improvement
$1,669,499
Land market value
$703,928
Improvement market value
$1,669,499
Total market value
$2,373,427
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
1993
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,743 SF
Lot
4.04 ac (175,982 SF)
Zoning code
LI
APN
0742.08-89-1288 0193204
UPID
US53-0909492
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NCZoning LI · permitted uses
LI · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A) LI Light Industrial District The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands. B) HI Heavy Industrial District The purpose and intent of the HI Heavy Industrial District is to provide sufficient lands in appropriate locations for high-intensity industrial, manufacturing, processing, or similar uses that may generate noise, traffic, or other impacts not suitable for residential or commercial areas. This district is intended to accommodate uses that require larger sites, specialized infrastructure, or separation from incompatible uses, while promoting orderly development and protecting public health, safety, and welfare. 3.3.4 Planned Development Districts The purpose and intent of the planned development districts is to encourage the design of a more complete and sustainable environment consistent with the Town’s small-town
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$445,000
MEDICAL BUILDING
Est. value
$890,000
OFFICE BUILDING
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$760,000
RETAIL STORES
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$575,000
WAREHOUSE, STORAGE
Est. value
$515,000
VETERINARY, ANIMAL HOSPITAL Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1993
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
4.04 ac
Current owner
From public records · entity-resolved
Town & Country Kennels LLC
Entity
Mailing address
2010 N SALEM ST, APEX, NC 27523-8206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Apr 1, 2022
—
Town & Country Kennels LLC
—
Deed
related
$1,800,000 · Truist Bank
Jun 9, 2006
—
Town Kennels
—
Trustees Deed
related
$1,040,000 · 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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