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    Property profile & analytics

    616 Chatham St Apex, NC 27502-1416

    • Office buildings
    • 1,410 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimation
    $420,000
    Last Sale
    Jan 13, 2021
    Location Intelligence
    Property ID
    US53-1000670
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Camp MusArt / Art Center

    Property Details for 616 Chatham St

    Year built
    1981
    Construction
    BRICK
    Lot size
    0.88 lot acres
    Property size
    1,410 SF
    Zone code
    O&I
    Property type
    Office buildings
    APN
    0742.17-12-5323 0016609
    APU
    742171253230016609

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.86
    Latitude
    35.7347
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,412
    $264,498
    $135,209
    $399,707
    -
    $264,498
    $135,209
    $399,707

    Comparable in this City

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      2850 Milano Ave

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      320 Salem St

      OFFICE BUILDING • 17,352 SF
      320 Salem St, Apex, NC 27502-1481
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    • Value Estimation
      $435,000
      1,612 SF

      501 Salem St Ste, Unit 100

      OFFICE BUILDING • 1,612 SF
      501 Salem St Ste, Apex, NC 27502-2315
      View Details
    • Value Estimation
      $225,000
      3,200 SF

      1500 Town Side Dr, Unit 2D

      OFFICE BUILDING • 3,200 SF
      1500 Town Side Dr, Apex, NC 27502-6604
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    • Value Estimation
      $270,000
      1,056 SF

      320 Salem St Ste, Unit 100

      OFFICE BUILDING • 1,056 SF
      320 Salem St Ste, Apex, NC 27502-1481
      View Details

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    616 Chatham St
    Apex, NC 27502-1416
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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