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    Property profile & analytics

    305 Salem St Apex, NC 27502-1826

    • Investment properties
    • 2,085 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $3,760,000
    Last Sale
    Dec 20, 2024
    $3,750,000
    Location Intelligence
    Property ID
    US53-1763425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dixie Belle Paints / Home Goods Store
    • Yellow Door Decor / Boutique
    • Azemas / Interior Designer / Paint Store

    Property Details for 305 Salem St

    Year built
    1910
    Lot size
    0.25 lot acres
    Property size
    2,085 SF
    Zone code
    MORR-CZ
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0741.06-39-5996 0244730
    APU
    741063959960244730

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,755,000
      6.5%
      $3,520,000
      7%
      $3,695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,865,000
      Geo Method
      $3,730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,555,000
      Retail
      $4,225,000
      Mixed-Use
      $3,985,000
      Hospitality
      $3,770,000
      Educational
      $3,955,000
      Residential Income
      $3,450,000
      Energy
      $3,290,000
      Income-Based Land
      $4,310,000
      Food Service
      $3,365,000

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8531
    Latitude
    35.7281
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,037
    $217,582
    $150,442
    $368,024
    -
    $217,582
    $150,442
    $368,024

    Comparable in this City

    • Value Estimation
      $390,000
      2,322 SF

      201 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,322 SF
      201 Salem St, Apex, NC 27502-1824
      View Details
    • Value Estimation
      $770,000
      3,438 SF

      204 Franconia Way

      OFFICE/RESIDENTIAL (MIXED USE) • 3,438 SF
      204 Franconia Way, Apex, NC 27502-8601
      View Details
    • Value Estimation by Request
      1,730 SF

      206 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,730 SF
      206 Salem St, Apex, NC 27502-1825
      View Details
    • Value Estimation
      $485,000
      2,832 SF

      1011 Edinburgh Downs Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 2,832 SF
      1011 Edinburgh Downs Ln, Apex, NC 27502-5249
      View Details
    • Value Estimation
      $570,000
      1,651 SF

      309 Salem St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,651 SF
      309 Salem St, Apex, NC 27502-1431
      View Details
    • Value Estimation
      $460,000
      2,704 SF

      1121 Woodlands Crk Way

      OFFICE/RESIDENTIAL (MIXED USE) • 2,704 SF
      1121 Woodlands Crk Way, Apex, NC 27502-5244
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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      Prime Apex office space, immediate occupancy.
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      View Details
    • Contact for pricing
      1 SF

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      Prime Apex retail location, single tenant, 1 sq ft.
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      View Details
    • $18 SF/Yr
      19,203 SF

      Apex Flex Space Sublease

      Flex space available for sublease in SW Wake County.
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      View Details
    • $2,175 /Mo
      2,090 SF

      Elegant Townhome in Old Mill Village

      Three-story, three-bedroom townhome with modern amenities and community features.
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      View Details
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    305 Salem St
    Apex, NC 27502-1826
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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