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    2112 Williams St Apex, NC 27539-7713
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    Property profile & analytics

    2112 Williams St, Apex, NC 27539-7713

    View on Map
    • Retail space
    • 8,315 SF
    • 1.11 lot acres
    Off-Market
    Last Sale Aug 24, 2022
    $1,941,000
    Property ID
    US53-5396257
    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.
    Value Estimations
    $2,255,000
    Show details
    Cap Rate Potential
    5.6%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Canine Performance / Animal Training
    • The Biscuit Garden / Kennel & Boarding Facility

    Property Details for 2112 Williams St

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.11 lot acres
    Zone code
    PC
    Property type
    Retail space
    APN
    0740.02-95-1690 0079074
    APU
    740029516900079074

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 24, 2022 $1,941,000 Williams Street Apex LLC Neelkamal Corp Special Warranty Deed $1.4M · First Bank
    May 2, 2018 — Neelkamal INC — Deed · related $444k · Fidelity Bk
    Jan 31, 2018 — Neelkamal Corp — Deed · related $444k · Fidelity Bk
    Nov 25, 2009 $425,000 Neelkamal Corp Wachovia Sba Lndg INC Warranty Deed $986k · Branch Banking & Trust Co
    May 12, 2009 $493,500 Wachovia Sba Lending INC Betz Camden C Trustees Deed · related —
    Nov 9, 2007 $700,000 Paradise Pools LLC Jannuzzi,charles & Susan Warranty Deed $595k · Wachovia Sba Lending INC
    — — Neelkamal Corp — Deed Of Trust · related $444k · Fidelity Bk
    — — Neelkamal INC — Deed Of Trust · related $444k · Fidelity Bk
    — — Charles Jannuzzi — Deed Of Trust · related $250k · Crescent State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,650,000
      ML approach
      $2,475,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,460,000
      6.5%
      $2,270,000
      7%
      $2,110,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,800,000
      Current use
      AUTO REPAIR, GARAGE
      $2,870,000
      Change: +59% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,765,000
      Change: +54% Conversion: Easy
      MEDICAL BUILDING
      $2,700,000
      Change: +50% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,010,000
      Change: +12% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8344
    Latitude
    35.6884
    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
    $8,440
    $234,991
    $534,411
    $769,402
    -
    $234,991
    $534,411
    $769,402

    Comparable in this City

    • Value Estimation by Request
      504 SF

      2260 Williams St

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      120,000 SF

      3708 Old Holly Springs Apex Rd

      Lifestyle centers
      3708 Old Holly Springs Apex Rd, Apex, NC 27539
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    • Value Estimation
      $570,000
      3,312 SF

      2290 10th 10th Rd

      RETAIL STORES (PERSONAL SERVICES)
      2290 10th 10th Rd, Apex, NC 27539-8115
      View Details
    • Value Estimation
      $590,000
      3,570 SF

      9205 Eisenhower Dr

      RETAIL STORES (PERSONAL SERVICES)
      9205 Eisenhower Dr, Apex, NC 27539-7722
      View Details
    • Value Estimation
      $580,000
      2,600 SF

      2503 10th 10th Rd

      RETAIL STORES (PERSONAL SERVICES)
      2503 10th 10th Rd, Apex, NC 27539-8122
      View Details
    • Value Estimation
      $1,825,000
      18,375 SF

      2147 10th 10th Rd

      RETAIL STORES (PERSONAL SERVICES)
      2147 10th 10th Rd, Apex, NC 27539-8134
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $1,250,000
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      Apex Land Parcel For Sale

      3-acre land parcel available in Apex, North Carolina.
      1537 East Williams St, Apex, NC 27539
      View Details
    • $150,000
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      Wooded Land Near Highway 540

      3-acre wooded property near upcoming Highway 540 in Apex, NC.
      204 Fair Haven St, Apex, NC 27539
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      Land Opportunity in Apex, NC

      Residential land for sale, ideal for building a dream home.
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    Similar Nearby for Lease

    • Contact for pricing
      1,625 SF

      Retail Space in Mixed-Use Development

      Retail spaces available in Apex, NC, mixed-use development.
      Mcchesney Hl Loop, Apex, NC 27539
      View Details
    • Contact for pricing

      Carolina Springs Town Center Retail

      Retail spaces available within a 21-acre mixed-use development.
      3708 Old Holly Springs Apex Rd, Apex, NC 27539
      View Details
    • $15 SF/Yr
      12,400 SF

      Apex Warehouse and Industrial Space

      Warehouse and industrial spaces available in accessible Apex location.
      2420 Reliance Ave, Apex, NC 27539
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    • Contact for pricing
      222,121 SF

      Apex Warehouse Space Available

      222,121 SF warehouse with 32' ceilings, available July 2025.
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    • Contact for pricing
      208,000 SF

      Apex Warehouse Space Available Soon

      208,000 SF warehouse with ample loading and parking.
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    • Contact for pricing
      183,232 SF

      Apex Warehouse with Ample Loading

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      View Details
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    2112 Williams St
    Apex, NC 27539-7713
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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