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Property profile & analytics
OFF-MARKET
Estimated value
$4,115,000
Drug stores
6821 Old Jenks Rd Apex, NC 27523-8257
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-0173972
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2011
Construction
BRICK
Total area
14,409 SF
Lot
3.58 ac (155,945 SF)
Zoning code
PC-CZ
APN
0733.04-71-0676 0129654
UPID
US53-0173972
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
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Kristi Adams Pharmacy
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
$5.04M
Blend (final)
Blend
$4.12M
Owner & transaction history
Schrager,philip M Trust · 9 yrs held
Schrager,philip M Trust
since 2017
3 recorded transactions
Zoning & alternative use
PC-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+59.4%
Commercial (general)
$4.8M
+53.6%
Medical building
$4.7M
+50.0%
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%
$4,260,000
6.5%
$3,935,000
7%
$3,650,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,120,000
Current use
AUTO REPAIR, GARAGE
$4,975,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,795,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$4,680,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,485,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$4.12M
Range $3.70M – $4.53M · ±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
$286 / 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
$60,872
Tax year 2023
Assessed value
$5,548,960
Assessed 2023
Previous assessed
$5,548,960
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,308,212
Assessed improvement
$4,240,748
Land market value
$1,308,212
Improvement market value
$4,240,748
Total market value
$5,548,960
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2011
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
14,409 SF
Lot
3.58 ac (155,945 SF)
Zoning code
PC-CZ
APN
0733.04-71-0676 0129654
UPID
US53-0173972
Jurisdiction
WAKE
Zoning & alternative use
PC-CZ · Apex, NC
Zoning PC-CZ · permitted uses
PC-CZ · 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
$3.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2011
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
3.58 ac
Current owner
From public records · entity-resolved
Schrager,philip M Trust
Trust
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2017
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
Feb 28, 2017
$7,091,000
Schrager,philip M Trust
Atlantic Noca LLC
Grant Deed
$2,771,000 · First Internet Bk/in
Dec 5, 2012
$6,425,000
Atlantic Noca LLC
Lrc Apex Jenks Investors LLC
Grant Deed
$4,500,000 · Georgias Own Credit Union
May 1, 2007
$1,650,000
Lrc Apex Jenks Investors LLC
Roberts,gregory K & Rebecca C
Grant Deed
—
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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