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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Retail space
5160 Sunset Lk Rd Apex, NC 27539-7770
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-5694063
Property summary
AI-generated overview
This exceptional retail opportunity is located at 5160 Sunset Lake Rd in Apex, North Carolina, within Wake County (zip code 27539). The property, known as the Shoppes at Woodcreek, offers a single, 1,213 square foot vacant suite within a larger 12,000 square foot building. The space is a second-generation self-service bank branch, presenting a unique layout and potential for various retail uses. The building is classified as multi-tenant retail commercial property. Its convenient location in Apex offers excellent visibility and accessibility for customers. The property's address is easily identifiable and situated within a well-established commercial area. This presents a rare chance to acquire a ready-to-occupy space in a thriving North Carolina market. The 1,213 square foot space is immediately available, providing a quick start for new businesses. Serious inquiries are encouraged to explore this promising retail investment. The property is situated at latitude 35.6677078 and longitude -78.7993704.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
BRICK
Total area
12,000 SF
Lot
1.29 ac (56,192 SF)
Zoning code
LB
APN
0659.01-97-5935 0064070
UPID
US53-5694063
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
-
Edward Jones - Financial Advisor: Chuck Houston, CFP® Financial Advisor
-
Bank of America ATM Financial Consultant Financial Planner
-
Trinity Life Center Alternative Medicine Practice
-
Imagine That Learning Center Daycare Center
-
Shakey Ray's Tavern Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$1.97M
Owner & transaction history
J Michael Edwards · 7 yrs held
J Michael Edwards
since 2018
7 recorded transactions
Zoning & alternative use
LB · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.9M
+11.6%
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
RETAIL STORES
$2,600,000
Current use
WAREHOUSE, STORAGE
$2,900,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$164 / 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
$26,473
Tax year 2023
Assessed value
$2,454,395
Assessed 2023
Previous assessed
$2,454,395
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$674,304
Assessed improvement
$1,780,091
Land market value
$674,304
Improvement market value
$1,780,091
Total market value
$2,454,395
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
3
Total area
12,000 SF
Lot
1.29 ac (56,192 SF)
Zoning code
LB
APN
0659.01-97-5935 0064070
UPID
US53-5694063
Jurisdiction
WAKE
Zoning & alternative use
LB · Apex, NC
Zoning LB · permitted uses
LB · 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
RETAIL STORES Current
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
3
Lot
1.29 ac
Current owner
From public records · entity-resolved
J Michael Edwards
Individual
Mailing address
2401 WESTON PKWY STE #103, CARY, NC 27513-5502
Ownership since
2018
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
Dec 10, 2018
$2,920,000
J Michael Edwards
Shoppes At Woodcreek LLC
Warranty Deed
$1,090,000 · Hometrust Bk
Apr 12, 2018
—
Shoppes At Woodcreek LLC
—
Deed
related
$1,650,000 · First Tn Bk
Aug 10, 2011
—
Shoppes At Woodcreek LLC
—
Trustees Deed
related
$175,000 · Crescent State Bank
Dec 14, 2010
—
Shoppes At Woodcreek LLC
—
Trustees Deed
related
$100,000 · Crescent State Bank
Mar 25, 2008
—
Shoppes At Woodcreek LLC
Tri-south Dev INC
Warranty Deed
related
—
Jan 20, 2006
$460,000
Quinn D Parker
Tri-south Dev INC
Warranty Deed
—
Nov 7, 2002
—
Tri-south Development INC
Tri-south,develo
Quit Claim Deed
related
—
—
—
Shoppes At Woodcreek LLC
—
Loan Modification
related
$1,650,000 · First Tn 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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