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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
2475 Reliance Ave Apex, NC 27539-7049
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-5716069
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
METAL FRAME
Total area
5,600 SF
Lot
0.01 ac (436 SF)
Zoning code
LI-CU
APN
0751.10-35-2673 0304500
UPID
US53-5716069
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
-
Wilson Signs (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$363k
Blend (final)
Blend
$555k
Owner & transaction history
Barone Real Estate Invs LLC · 9 yrs held
Barone Real Estate Invs LLC
since 2017
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
$410,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$99 / 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
$4,233
Tax year 2023
Assessed value
$385,890
Assessed 2023
Previous assessed
$385,890
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed improvement
$385,890
Improvement market value
$385,890
Total market value
$385,890
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
5,600 SF
Lot
0.01 ac (436 SF)
Zoning code
LI-CU
APN
0751.10-35-2673 0304500
UPID
US53-5716069
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
1997
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Barone Real Estate Invs LLC
Entity
Mailing address
2475 RELIANCE AVE, APEX, NC 27539-7049
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Mar 27, 2017
$595,000
Barone Real Estate Invs LLC
Baker Bynum LLC
Warranty Deed
$476,000 · Fidelity Bk
May 22, 2013
—
Baker Bynum LLC
Baker Bynum Properties LLC
Quit Claim Deed
related
—
Jan 27, 2009
$583,000
Baker Bynum Properties LLC
Bynum,jerry L & Stephanie F
Warranty Deed
related
—
Aug 31, 2007
$583,000
Jerry L Bynum
Showcase Design Marble & Grani
Warranty Deed
$535,500 · Wachovia Bank NA
May 13, 2005
—
Marble Showcase
Englert,frank & Jill
Warranty Deed
$475,000 · Interbay Funding LLC
Feb 27, 2004
$470,000
Frank Englert
Taylor Trust
Warranty Deed
$435,000 · Taylor Trust (tr)
—
—
Baker Bynum Properties LLC
—
Deed Of Trust
related
$503,711 · Wells Fargo Bank
—
—
Baker Bynum Properties LLC
—
Deed Of Trust
related
$1,083,360 · Wells Fargo Bank
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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