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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Medical Office Space
500 Williams St, Apex, NC 27502-1846
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0524212
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
BRICK
Total area
4,300 SF
Lot
0.1 ac (4,356 SF)
Zoning code
PUD-CU
APN
0742.17-11-3838 0347187
UPID
US53-0524212
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
-
Apex Prosthodontics, Dr. Ingeborg De Kok Dental Office Physician
-
Apex Tattoo Factory Tattoo & Piercing Shop
-
ArkaneArt Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.30M
Owner & transaction history
Jgy Holdings LLC · 4 yrs held
Jgy Holdings LLC
since 2021
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
PUD-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+6.3%
Commercial (general)
$1.4M
+2.4%
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
$1,710,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,395,000
Current use
AUTO REPAIR, GARAGE
$1,485,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,430,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.32M (Dec 28 2021)
Last sale anchor
$1.32M
Dec 28 2021
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
$301 / 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
$9,843
Tax year 2023
Assessed value
$897,266
Assessed 2023
Previous assessed
$897,266
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$217,800
Assessed improvement
$679,466
Land market value
$217,800
Improvement market value
$679,466
Total market value
$897,266
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,300 SF
Lot
0.1 ac (4,356 SF)
Zoning code
PUD-CU
APN
0742.17-11-3838 0347187
UPID
US53-0524212
Jurisdiction
WAKE
Zoning & alternative use
PUD-CU · Apex, NC
Zoning PUD-CU · permitted uses
PUD-CU · 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
MEDICAL BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Jgy Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2004 YAMACRAW DR, KNIGHTDALE, NC 27545-6778
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
Aug 13, 2024
—
Jgy Holdings LLC
—
Deed
related
$200,000 · Southern Bank
Dec 28, 2021
$1,320,000
Jgy Holdings LLC
Rmv Holdings LLC
Special Warranty Deed
—
Jul 31, 2008
$870,000
Rmv Holdings LLC
Pwa LLC
Warranty Deed
related
$50,000 · First Citizens Bank & Trust Co
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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