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Property profile & analytics
OFF-MARKET
Office buildings
307 Salem St Apex, NC 27502-1845
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-5620208
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
FRAME
Total area
7,150 SF
Lot
0.45 ac (19,602 SF)
Zoning code
B1
APN
0741.06-39-5848 0244731
UPID
US53-5620208
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
-
Concept 8 Construction Company General Contractor
-
Brucato Power (Bike/Boat/Book/etc) Store Auto Parts Store
-
Kassondra Amada Shoemaker Brino Physician
-
Kassondra Brino Physician
-
Jennifer Kapraun L Ac Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
515 Properties LLC · 5 yrs held
515 Properties LLC
since 2021
Last sale
$200,000
3 recorded transactions
Zoning & alternative use
B1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,936
Tax year 2023
Assessed value
$905,729
Assessed 2023
Previous assessed
$905,729
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$392,040
Assessed improvement
$513,689
Land market value
$392,040
Improvement market value
$513,689
Total market value
$905,729
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
7,150 SF
Lot
0.45 ac (19,602 SF)
Zoning code
B1
APN
0741.06-39-5848 0244731
UPID
US53-5620208
Jurisdiction
WAKE
Zoning & alternative use
B1 · Apex, NC
Zoning B1 · permitted uses
B1 · 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
1984
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
515 Properties LLC
Entity
Mailing address
307 S SALEM ST, APEX, NC 27502-1845
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
$200,000
515 Properties LLC
Ujl Property Nc LLC
Warranty Deed
$847,703 · Townebank
Dec 18, 2017
$1,150,000
515 Properties LLC
Zacco LLC
Warranty Deed
$825,000 · Paragon Com'l Bk
Feb 22, 2006
$520,000
Zacco LLC
Lawrence,donald W & Sharon
Warranty Deed
$450,000 · Fidelity 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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