New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Auto shops
548 Williams St, Apex, NC 27502-2151
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-2164514
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Construction
BRICK
Total area
6,630 SF
Lot
5.74 ac (250,034 SF)
Zoning code
PC
APN
0741.07-58-2328 0002103
UPID
US53-2164514
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
-
Southern Tire Sales & Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.17M
Owner & transaction history
New Falls Property LLC · 13 yrs held
New Falls Property LLC
since 2013
7 recorded transactions
Zoning & alternative use
PC · 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
Method
Estimation
Statistic approach
by Request
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$176 / 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
$52,600
Tax year 2023
Assessed value
$4,794,852
Assessed 2023
Previous assessed
$4,794,852
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,828,374
Assessed improvement
$2,966,478
Land market value
$1,828,374
Improvement market value
$2,966,478
Total market value
$4,794,852
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
1970
Construction
BRICK
Heating
SPACE
Cooling
NONE
Stories
1
Total area
6,630 SF
Lot
5.74 ac (250,034 SF)
Zoning code
PC
APN
0741.07-58-2328 0002103
UPID
US53-2164514
Jurisdiction
WAKE
Zoning & alternative use
PC · Apex, NC
Zoning PC · permitted uses
PC · 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
1970
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Lot
5.74 ac
Current owner
From public records · entity-resolved
New Falls Property LLC
Entity
Free & Clear · 13 yrs held
Mailing address
11010 LK FISHER BLVD STE STE STE, MORRISVILLE, NC 27560
Ownership since
2013
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
Dec 19, 2025
—
New Falls Property LLC
—
Deed
related
$5,700,000 · Wells Fargo Bank NA
Sep 23, 2020
—
New Falls Property LLC
—
Deed
related
$1,000,000 · Wells Fargo Bk
Mar 28, 2013
$3,950,000
New Falls Property LLC
Casl2 Dev LLC
Warranty Deed
—
Nov 9, 2004
—
Casl 2 Dev LLC
—
Trustees Deed
related
$2,440,000 · Branch Banking & Trust Co
—
—
New Falls Property LLC
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bk
—
—
New Falls Property LLC
—
Loan Modification
related
$979,750 · Wells Fargo Bk
—
—
Casl2 Dev LLC
—
Deed Of Trust
related
$3,275,000 · Bank Of North Carolina
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 548 Williams St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
