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Property profile & analytics
OFF-MARKET
Auto shops
400 Salem St, Apex, NC 27502-2038
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-5809850
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1982
Construction
METAL FRAME
Total area
2,400 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B1
APN
0741.06-39-1559 0005340
UPID
US53-5809850
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
-
Frasketta Pizza Romana Take-out & Catering
-
Lunatics Deli & Grill Take-out & Catering
-
The Apex Food Truck Park Restaurant
-
Taqueria El Pinito Restaurant
-
Salem Street Car Care Center Auto Repair Shop
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
Sauls Investment Properties LLC · 4 yrs held
Sauls Investment Properties LLC
since 2022
7 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
$1,614
Tax year 2023
Assessed value
$147,118
Assessed 2023
Previous assessed
$147,118
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$139,400
Assessed improvement
$7,718
Land market value
$139,400
Improvement market value
$7,718
Total market value
$147,118
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1982
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
2,400 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B1
APN
0741.06-39-1559 0005340
UPID
US53-5809850
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
1982
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Sauls Investment Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
128 TRUTH RD, NEW HILL, NC 27562-8726
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Sauls Investment Properties LLC
Allen B Hueter
Deed
—
Jan 27, 2022
$640,000
Sauiss Investment Properties LLC
Stuart B White
Warranty Deed
—
Mar 22, 2005
$50,000
Stuart B White
Unger,byron T & Monique K
Warranty Deed
$231,079 · First Bank
Sep 25, 2002
—
Stuart B White
White,stuart B
Quit Claim Deed
related
—
—
—
Stuart B White
—
Deed Of Trust
related
$146,000 · First Bank
—
—
Stuart B White
—
Loan Modification
related
—
—
—
Stuart White
—
Deed Of Trust
related
—
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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