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Property profile & analytics
OFF-MARKET
Office buildings
501 Salem St Ste 101 Apex, NC 27502-2315
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1727588
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
BRICK
Total area
1,080 SF
Zoning code
B1-CU
APN
0742.14-42-6969 0308610
UPID
US53-1727588
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
by Request
Owner & transaction history
Mcmovalada LLC · 6 yrs held
Mcmovalada LLC
since 2020
Last sale
$370,000
4 recorded transactions
Zoning & alternative use
B1-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the B1 Neighborhood Business District is to encourage the development of small-scale, neighborhood serving commercial and business uses providing a wide range of goods and services, generally located at intersections
Zone name
Neighborhood Business Conditional Use
General category
COMMERCIAL
Zone area
34.04 ac
Source
Realmo
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
$2,434
Tax year 2023
Assessed value
$221,867
Assessed 2023
Previous assessed
$221,867
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed improvement
$221,867
Improvement market value
$221,867
Total market value
$221,867
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
2003
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,080 SF
Zoning code
B1-CU
APN
0742.14-42-6969 0308610
UPID
US53-1727588
Jurisdiction
WAKE
Zoning & alternative use
B1-CU · Apex, NCZoning B1-CU · permitted uses
B1-CU · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the B1 Neighborhood Business District is to encourage the development of small-scale, neighborhood serving commercial and business uses providing a wide range of goods and services, generally located at intersections
Zone name
Neighborhood Business Conditional Use
General category
COMMERCIAL
Zone area
34.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Mcmovalada LLC
Entity
Mailing address
501 N SALEM ST STE #203, APEX, NC 27502-2315
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2020
$235,000
Mcmovalada LLC
Thomas F Colhoun
Warranty Deed
$176,250 · Coastal FCU
Oct 28, 2016
$212,000
Thomas F Colhoun
Iannone,joseph V JR & Renee
Warranty Deed
$167,000 · Fidelity Bk
Mar 11, 2016
—
Joseph V Iannone JR
Jvi Construction INC
Quit Claim Deed
related
—
—
—
Joseph V Iannone JR.
—
Deed Of Trust
related
$983,000 · Suntrust 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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