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Property profile & analytics
OFF-MARKET
Auto shops
708 Williams St, Apex, NC 27502-2155
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0393571
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1948
Construction
CONCRETE BLOCKS
Total area
4,631 SF
Lot
0.45 ac (19,602 SF)
Zoning code
PC
APN
0741.07-58-6260 0072706
UPID
US53-0393571
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
-
Apex Tuning Auto Repair Shop
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
Alchemy Garage LLC · 6 yrs held
Alchemy Garage LLC
since 2019
5 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
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
$4,092
Tax year 2023
Assessed value
$373,011
Assessed 2023
Previous assessed
$373,011
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$238,164
Assessed improvement
$134,847
Land market value
$238,164
Improvement market value
$134,847
Total market value
$373,011
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
1948
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
4,631 SF
Lot
0.45 ac (19,602 SF)
Zoning code
PC
APN
0741.07-58-6260 0072706
UPID
US53-0393571
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
1948
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Alchemy Garage LLC
Entity
Mailing address
708 E WILLIAMS ST, APEX, NC 27502-2155
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
$764,000
Alchemy Garage LLC
Thomas A Smith
Grant Deed
$649,400 · Branch Bk&tr
Nov 25, 2019
—
Alchemy Garage LLC
Thomas A Smith
Grant Deed
related
—
Jun 29, 2001
$180,000
Thomas A Smith
Austin,james W
Grant Deed
—
Nov 24, 1999
$118,000
Forest Road Associa Spring
—
Grant Deed
related
—
—
—
Thomas A Smith
—
Deed Of Trust
related
$475,000 · Branch Banking & Trust Co
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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