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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
401 Pristine Water Dr Apex, NC 27539-7205
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-1717442
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
METAL FRAME
Total area
11,482 SF
Lot
2.21 ac (96,268 SF)
Zoning code
LI
APN
0751.03-03-3230 0136756
UPID
US53-1717442
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 Dumpsters, Inc. Waste Management Facility
-
Contenedores Auto Repair Shop
-
Estacionamiento camión Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$590k
Owner & transaction history
James Stephen Smith · 4 yrs held
James Stephen Smith
since 2021
7 recorded transactions
Zoning & alternative use
LI · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A) LI Light Industrial District 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. B) HI Heavy Industrial District The purpose and intent of the HI…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
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
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$51 / 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
$5,837
Tax year 2023
Assessed value
$532,075
Assessed 2023
Previous assessed
$532,075
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$169,432
Assessed improvement
$362,643
Land market value
$169,432
Improvement market value
$362,643
Total market value
$532,075
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,482 SF
Lot
2.21 ac (96,268 SF)
Zoning code
LI
APN
0751.03-03-3230 0136756
UPID
US53-1717442
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NCZoning LI · permitted uses
LI · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A) LI Light Industrial District 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. B) HI Heavy Industrial District The purpose and intent of the HI Heavy Industrial District is to provide sufficient lands in appropriate locations for high-intensity industrial, manufacturing, processing, or similar uses that may generate noise, traffic, or other impacts not suitable for residential or commercial areas. This district is intended to accommodate uses that require larger sites, specialized infrastructure, or separation from incompatible uses, while promoting orderly development and protecting public health, safety, and welfare. 3.3.4 Planned Development Districts The purpose and intent of the planned development districts is to encourage the design of a more complete and sustainable environment consistent with the Town’s small-town
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
Building & site characteristics
From public records
Year built
1986
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
James Stephen Smith
Individual
Free & Clear · 4 yrs held
Mailing address
1069 ALDERMAN CIR, RALEIGH, NC 27603-2067
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
—
James Stephen Smith
James Stephen Smith
Intrafamily Transfer
related
—
Jan 12, 2012
—
James S Smith
Smith,susan
Quit Claim Deed
related
—
Nov 22, 2004
$108,000
James S Smith
Tumbleweed Leasing LLC
Deed Of Trust
related
$1,758,500 · Rbc Centura Bank
Jan 26, 2004
—
James S Smith
Smith,james I & Nancy S
Quit Claim Deed
related
—
Jan 15, 2003
—
J Smith
Smith,j
Quit Claim Deed
related
—
Feb 11, 2002
$120,000
Richard R Rekau
Rekau,richard R
Grant Deed
related
—
Jan 14, 2002
—
James I Smith
Smith,james I
Quit Claim Deed
related
—
—
—
James S Smith
—
Deed Of Trust
related
$1,328,000 · Providence Bank
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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