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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Warehouses
2410 Reliance Ave Apex, NC 27539-7048
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0151873
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
METAL FRAME
Total area
23,000 SF
Lot
4.28 ac (186,437 SF)
Zoning code
LI-CU
APN
0751.10-37-1306 0190843
UPID
US53-0151873
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
-
On-Site Hose Inc General Contractor
-
Color-Craft Inc Painting Service General Contractor
-
Venturi Restoration -Raleigh General Contractor Renovation Specialist
-
Waste Away Site Services General Contractor Waste Management Facility
-
Response Team 1 - Raleigh Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
$3.22M
Blend (final)
Blend
$2.95M
Owner & transaction history
2410 Ltd Partners LLC · 6 yrs held
2410 Ltd Partners LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
LI-CU · 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%
$2,980,000
6.5%
$2,750,000
7%
$2,555,000
Blend value · Realmo final
$2.95M
Range $2.66M – $3.25M · ±10% · vs last sale $2.91M (Jan 31 2020)
Last sale anchor
$2.91M
Jan 31 2020
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
$128 / 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
$17,500
Tax year 2023
Assessed value
$1,595,220
Assessed 2023
Previous assessed
$1,595,220
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$678,831
Assessed improvement
$916,389
Land market value
$678,831
Improvement market value
$916,389
Total market value
$1,595,220
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
1992
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
23,000 SF
Lot
4.28 ac (186,437 SF)
Zoning code
LI-CU
APN
0751.10-37-1306 0190843
UPID
US53-0151873
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.
Building & site characteristics
From public records
Year built
1992
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
4.28 ac
Current owner
From public records · entity-resolved
2410 Ltd Partners LLC
Entity
Mailing address
2400 RELIANCE AVE STE A, APEX, NC 27539-7010
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$2,910,000
2410 Ltd Partners LLC
Baker Bynum LLC
Warranty Deed
$2,400,000 · Baker Bynum LLC
May 22, 2013
—
Baker Bynum LLC
Baker Bynum Properties LLC
Quit Claim Deed
related
—
Mar 25, 2011
—
Baker Bynum Properties LLC
—
Deed Of Trust
related
$1,083,360 · Wells Fargo Bank
Jan 27, 2009
$1,100,000
Baker Bynum Properties LLC
Bynum,jerry L & Stephanie F
Warranty Deed
related
—
Mar 17, 2004
$1,100,000
Jerry L Bynum
Clark,andrew L
Warranty Deed
$880,000 · Wachovia Bank NA
—
—
Baker Bynum Properties LLC
—
Deed Of Trust
related
$503,711 · Wells Fargo Bank
—
—
Jerry L Bynum
—
Deed Of Trust
related
$200,000 · Wachovia Bank NA
—
—
Jerry L Bynum
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
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.
Try Rey
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