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Property profile & analytics
OFF-MARKET
Estimated value
$12,000,000
Retail space
209 Salem St, Apex, NC 27502-1429
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2744112
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
BRICK
Total area
10,068 SF
Lot
0.48 ac (20,909 SF)
Zoning code
B2
APN
0742.18-41-2309 0115151
UPID
US53-2744112
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
-
French Bleue Home Decor Store Department Store
-
PM Group Engineering Consultant
-
Capital Civil Engineering, PLLC Civil Engineer
-
Highline Building @ Downtown Apex Shopping Center & Mall
-
NC Farm Bureau Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.00M
Owner & transaction history
Ktj 366 LLC · 5 yrs held
Ktj 366 LLC
since 2020
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
B2 · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$12,000,000
ML approach
$12,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $12.00M (Dec 17 2024)
Last sale anchor
$12.00M
Dec 17 2024
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
$1,192 / 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
$47,102
Tax year 2023
Assessed value
$4,293,724
Assessed 2023
Previous assessed
$4,293,724
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$501,816
Assessed improvement
$3,791,908
Land market value
$501,816
Improvement market value
$3,791,908
Total market value
$4,293,724
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
10,068 SF
Lot
0.48 ac (20,909 SF)
Zoning code
B2
APN
0742.18-41-2309 0115151
UPID
US53-2744112
Jurisdiction
WAKE
Zoning & alternative use
B2 · Apex, NC
Zoning B2 · permitted uses
B2 · 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.
Building & site characteristics
From public records
Year built
2022
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Ktj 366 LLC
Entity
Mailing address
400 WATER ST STE #200, EXCELSIOR, MN 55331-3001
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
$1,575,000
Ktj 366 LLC
Joseph P Foresta
Warranty Deed
$862,000 · Colliers Funding LLC
Dec 18, 2017
—
Salem Street Promenade LLC
Foresta,joseph & Yundi L
Quit Claim Deed
related
$491,798 · Capital Bk
Jan 30, 2017
—
Joseph Foresta
Mac-mere LLC
Grant Deed
related
—
Jun 11, 2008
—
Mac-mere LLC
Wachovia Bank NA
Grant Deed
related
—
May 21, 2008
$168,500
Mac-mere LLC
Justice,emma W
Warranty Deed
—
May 21, 2008
—
Mac-mere LLC
Arnold,l F & Libby H
Grant Deed
related
—
—
—
Ktj 366 LLC
—
Loan Modification
related
$7,660,000 · Colliers Fndg LLC
—
—
Ktj 366 LLC
—
Deed Of Trust
related
$862,000 · Colliers Funding LLC
—
—
Cameron Wade Ventures LLC & Ma
—
Deed Of Trust
related
$1,250,000 · 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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