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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Investment properties
3501 Us 64th W Hwy Apex, NC 27523-8446
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1606254
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1989
Construction
FRAME
Total area
1,960 SF
Lot
10.2 ac (444,312 SF)
Zoning code
TF
APN
0722.03-04-7652 0075089
UPID
US53-1606254
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Shelton Prop Invs LLC · 5 yrs held
Shelton Prop Invs LLC
since 2020
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
TF · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+65.7%
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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,080,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $2.10M (Dec 23 2020)
Last sale anchor
$2.10M
Dec 23 2020
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
$870 / 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
$12,249
Tax year 2023
Assessed value
$1,568,385
Assessed 2023
Previous assessed
$1,568,385
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,421,798
Assessed improvement
$146,587
Land market value
$1,421,798
Improvement market value
$146,587
Total market value
$1,568,385
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,960 SF
Lot
10.2 ac (444,312 SF)
Zoning code
TF
APN
0722.03-04-7652 0075089
UPID
US53-1606254
Jurisdiction
WAKE
Zoning & alternative use
TF · Apex, NC
Zoning TF · permitted uses
TF · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
10.2 ac
Current owner
From public records · entity-resolved
Shelton Prop Invs LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2701 WEAVER HL DR, APEX, NC 27502-6548
Ownership since
2020
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 8, 2022
—
Shelton Property Investments LLC
—
Deed
related
$5,910,600 · The Fidelity Bank
Dec 23, 2020
$2,100,000
Shelton Prop Invs LLC
Joseph V JR
Grant Deed
—
Sep 19, 2019
$1,630,000
Joseph V Iannone JR
Tee To-green Prop Invs LLC
Warranty Deed
$1,222,500 · Pinnacle Bk
Jun 28, 2007
$690,000
Tee To Green Property Inv LLC
Houston,william F & Nancy R
Warranty Deed
$448,338 · Branch Banking & Trust Co
—
—
Tee To Green Property Inv LLC
—
Deed Of Trust
related
$410,000 · Trustatlantic 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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