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    Property profile & analytics

    203 Salem St Apex, NC 27502-1824

    • Investment properties
    • 1,120 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US53-5631122
    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

    • Lisa Garrity: Allstate Insurance / Renter'S Insurance Agency / Insurance Agency

    Property Details for 203 Salem St

    Year built
    1956
    Construction
    BRICK
    Lot size
    0.31 lot acres
    Property size
    1,120 SF
    Zone code
    MORR-CU
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0742.18-30-8366 0015240
    APU
    742183083660015240

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $280,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $275,000
      Mixed-Use
      $330,000
      Hospitality
      $265,000
      Educational
      $290,000
      Residential Income
      $330,000
      Energy
      $305,000
      Income-Based Land
      $265,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8522
    Latitude
    35.7292
    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
    $3,988
    $269,810
    $93,769
    $363,579
    -
    $269,810
    $93,769
    $363,579

    Comparable in this City

    • Value Estimation
      $390,000
      2,322 SF

      201 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,322 SF
      201 Salem St, Apex, NC 27502-1824
      View Details
    • Value Estimation
      $770,000
      3,438 SF

      204 Franconia Way

      OFFICE/RESIDENTIAL (MIXED USE) • 3,438 SF
      204 Franconia Way, Apex, NC 27502-8601
      View Details
    • Value Estimation by Request
      1,730 SF

      206 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,730 SF
      206 Salem St, Apex, NC 27502-1825
      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
    • Value Estimation
      $720,000
      4,914 SF

      1200 Williams St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,914 SF
      1200 Williams St, Apex, NC 27502-1219
      View Details
    • Value Estimation
      $545,000
      1,737 SF

      1617 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,737 SF
      1617 Ctr St, Apex, NC 27502-7024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Apex Office Space: Chapel Ridge Rd

      Modern Office Suites, Flexible Lease Options
      1400-1480 Chapel Ridge Rd, Apex, NC 27502
      View Details
    • $3,300,000
      10,912 SF

      Apex Medical Office Building

      Class A Office, 10,912 SF, High Visibility
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    • $550,000
      2.17 Acres

      Prime Apex Location Land

      2+ acre lot, build your dream home or subdivide.
      2908 Evans Rd, Apex, NC 27502
      View Details
    • Contact for pricing
      52 SF

      Executive Suites Available For Sale

      Executive suites available for sale.
      800 W Williams St, Apex, NC 27502
      View Details
    • $535,000

      New Construction Townhome Near Apex

      New construction townhome featuring modern finishes and upgrades.
      635 Sawcut Ln, Apex, NC 27502
      View Details
    • $4,500,000
      37.40 Acres

      Apex Land Investment Opportunity

      37.4 acres in Apex, NC, bordering Jordan Lake.
      2510 Tody Goodwin Rd, Apex, NC 27502
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      19,203 SF

      Apex Flex Space Sublease

      Flex space available for sublease in SW Wake County.
      2047 Energy Dr, Apex, NC 27502
      View Details
    • $2,175 /Mo
      2,090 SF

      Elegant Townhome in Old Mill Village

      Three-story, three-bedroom townhome with modern amenities and community features.
      548 Old Mill Village Dr, Apex, NC 27502
      View Details
    • Contact for pricing
      1 SF

      Apex Retail Space - Williams St.

      Prime Apex retail location, single tenant, 1 sq ft.
      746 Williams St, Apex, NC 27502
      View Details
    • $22 SF/Yr
      52,263 SF

      Apex Office Suite - 867 SF

      Prime Apex office space, immediate occupancy.
      800 Williams St, Apex, NC 27502
      View Details
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    203 Salem St
    Apex, NC 27502-1824
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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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