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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Specialty properties
2401 Reliance Ave, Apex, NC 27539-7049
Entity Owned
17-yr Hold
Free & Clear
Property ID
US53-1005002
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2017
Construction
FRAME
Total area
10,919 SF
Lot
1.98 ac (86,249 SF)
Zoning code
LI-CU
APN
0751.10-37-5103 0189839
UPID
US53-1005002
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
-
Harmony Animal Hospital Apex Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$875k
Owner & transaction history
Clifton & Riley LLC · 17 yrs held
Clifton & Riley LLC
since 2008
7 recorded transactions
Zoning & alternative use
LI-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+29.0%
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
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$1,025,000
Current use
AUTO REPAIR, GARAGE
$1,320,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$80 / 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
$29,437
Tax year 2023
Assessed value
$2,683,367
Assessed 2023
Previous assessed
$2,683,367
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$517,494
Assessed improvement
$2,165,873
Land market value
$517,494
Improvement market value
$2,165,873
Total market value
$2,683,367
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
2017
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
10,919 SF
Lot
1.98 ac (86,249 SF)
Zoning code
LI-CU
APN
0751.10-37-5103 0189839
UPID
US53-1005002
Jurisdiction
WAKE
Zoning & alternative use
LI-CU · Apex, NC
Zoning LI-CU · permitted uses
LI-CU · 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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.3M
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
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
2017
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Clifton & Riley LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2401 RELIANCE AVE, APEX, NC 27539-7049
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Feb 24, 2022
—
Reliance LLC
—
Deed
related
$4,170,000 · South State Bank NA
Sep 10, 2019
—
Reliance LLC
—
Deed
related
$1,070,000 · Calico Veterinary Lndg Fnd I
Jun 12, 2018
—
Reliance LLC
—
Deed
related
$5,000,000 · First Nat'l Bk/pa
Jul 25, 2008
—
Clifton & Riley LLC
Owner,record
Grant Deed
related
—
—
—
2400 Reliance Avenue LLC
—
Loan Modification
related
—
—
—
Reliance LLC
—
Deed Of Trust
related
$1,070,000 · Calico Veterinary Lndg Fnd I
—
—
Reliance LLC
—
Deed Of Trust
related
$3,981,000 · Metro Bk
—
—
Clifton & Riley LLC
—
Deed Of Trust
related
$113,850 · Branch Banking & Trust Co
—
—
Reliance LLC
—
Loan Modification
related
$5,000,000 · First Nat'l Bk/pa
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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