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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Distribution centers
2511 Reliance Ave Apex, NC 27539-6347
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-1497866
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
METAL FRAME
Total area
31,680 SF
Lot
2.81 ac (122,404 SF)
Zoning code
LI-CU
APN
0751.03-24-4900 0256556
UPID
US53-1497866
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.79M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.77M
Owner & transaction history
Reliance Ave LLC · 13 yrs held
Reliance Ave LLC
since 2013
6 recorded transactions
Zoning & alternative use
LI-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands
Zone name
Light Industrial Conditional Use
General category
INDUSTRIAL
Zone area
164.95 ac
Source
Realmo
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%
$4,105,000
6.5%
$3,790,000
7%
$3,515,000
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±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
$87 / 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
$22,917
Tax year 2023
Assessed value
$2,089,092
Assessed 2023
Previous assessed
$2,089,092
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$568,383
Assessed improvement
$1,520,709
Land market value
$568,383
Improvement market value
$1,520,709
Total market value
$2,089,092
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
31,680 SF
Lot
2.81 ac (122,404 SF)
Zoning code
LI-CU
APN
0751.03-24-4900 0256556
UPID
US53-1497866
Jurisdiction
WAKE
Zoning & alternative use
LI-CU · Apex, NCZoning 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
Zoning description
The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands
Zone name
Light Industrial Conditional Use
General category
INDUSTRIAL
Zone area
164.95 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.81 ac
Current owner
From public records · entity-resolved
Reliance Ave LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2000 S GRV AVEB, ONTARIO, CA 91761-4846
Ownership since
2013
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
Jan 5, 2018
—
Reliance Ave LLC
—
Deed
related
$1,690,000 · East West Bk
Jan 15, 2013
—
Reliance Ave LLC
Abcz Properties LLC
Grant Deed
related
—
Nov 29, 2012
$1,754,500
Reliance Avenue LLC
Abcz Properties LLC
Warranty Deed
$877,094 · Abcz Properties LLC
Jan 26, 2011
—
Abcz Properties LLC
—
Deed Of Trust
related
$5,683,270 · Rbc Bank (usa)
Aug 16, 2006
—
Abcz Properties LLC
—
Deed Of Trust
related
$2,235,000 · Wachovia Bank NA
—
—
Reliance Ave LLC
—
Deed Of Trust
related
$1,690,000 · East West 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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