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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Warehouses
25 Bob Horton Rd Apex, NC 27523-5724
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1406953
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
35,960 SF
Lot
5.35 ac (233,090 SF)
Zoning code
CU-B-1
APN
17884
UPID
US53-1406953
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
-
The Extra Garage Self Storage Center Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$3.07M
Owner & transaction history
Extra Garage Self Storage Ctr · 19 yrs held
Extra Garage Self Storage Ctr
since 2006
5 recorded transactions
Zoning & alternative use
CU-B-1 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±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
$85 / 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
$13,790
Tax year 2023
Assessed value
$1,696,209
Assessed 2023
Previous assessed
$1,696,209
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$432,264
Assessed improvement
$1,263,945
Land market value
$432,264
Improvement market value
$1,263,945
Total market value
$1,696,209
Applied tax rate
107.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
35,960 SF
Lot
5.35 ac (233,090 SF)
Zoning code
CU-B-1
APN
17884
UPID
US53-1406953
Jurisdiction
CHATHAM
Zoning & alternative use
CU-B-1 · Apex, NCZoning CU-B-1 · permitted uses
CU-B-1 · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
5.35 ac
Current owner
From public records · entity-resolved
Extra Garage Self Storage Ctr
Individual
Mailing address
109 TROPEZ LN, CARY, NC 27511-6020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2007
—
Extra Garage Self Storage Ctr
—
Trustees Deed
related
$1,500,000 · First Bank
Dec 29, 2006
$525,000
Extra Garage Self Storage Ctr
Phillips,charles B & Linda S
Warranty Deed
$467,250 · First Bank
—
—
Extra Garage Self Storage Ctr
—
Deed Of Trust
related
$200,000 · First Bank
—
—
Extra Garage Self Storage Ctr
—
Deed Of Trust
related
$1,600,000 · Capital Bank NA
—
—
Extra Garage Self Storage Ctr
—
Deed Of Trust
related
$1,550,000 · First 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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