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Property profile & analytics
OFF-MARKET
Estimated value
$2,845,000
Warehouses
2121 Williams St, Apex, NC 27539-7764
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-4946777
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
METAL FRAME
Total area
17,268 SF
Lot
6.46 ac (281,398 SF)
Zoning code
LI-CZ
APN
0740.02-95-6324 0120646
UPID
US53-4946777
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
-
Elite Coach Freight Service Logistics Company
-
Peak Form Massage Alternative Medicine Practice
-
Mattachione Construction Inc General Contractor Construction Company
-
Lee Michael Welch Physician
-
SolaTrue of Raleigh, NC Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.85M
Owner & transaction history
Mci B3 LLC · 4 yrs held
Mci B3 LLC
since 2022
6 recorded transactions
Zoning & alternative use
LI-CZ · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,235,000
6.5%
$2,065,000
7%
$1,915,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,175,000
Current use
RETAIL STORES
$3,740,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.85M
Range $2.56M – $3.13M · ±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
$165 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$100,759
Tax year 2024
Assessed value
$11,805,437
Assessed 2024
Previous assessed
$11,805,437
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,609,904
Assessed improvement
$9,195,533
Land market value
$2,609,904
Improvement market value
$9,195,533
Total market value
$11,805,437
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
17,268 SF
Lot
6.46 ac (281,398 SF)
Zoning code
LI-CZ
APN
0740.02-95-6324 0120646
UPID
US53-4946777
Jurisdiction
WAKE
Zoning & alternative use
LI-CZ · Apex, NC
Zoning LI-CZ · permitted uses
LI-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
WAREHOUSE, STORAGE Current
Est. value
$4.2M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1997
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.46 ac
Current owner
From public records · entity-resolved
Mci B3 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2121 E WILLIAMS ST STE #100, APEX, NC 27539-7765
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
—
Mci B3 LLC
—
Deed
related
$2,516,500 · The Fidelity Bank
Jul 21, 2022
—
Mci Enterprises LLC
—
Deed
related
$2,000,000 · The Fidelity Bank
Jan 28, 2022
—
Mci B3 LLC
Mci Enterprises LLC
Intrafamily Transfer
related
—
—
—
Mci Ents LLC
—
Deed Of Trust
related
$3,160,000 · Fidelity Bk
—
—
Mci Ents LLC
—
Deed Of Trust
related
$300,000 · Fidelity Bk
—
—
Mci Ents LLC
—
Deed Of Trust
related
$1,415,000 · Fidelity 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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