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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Retail space
720 Williams St, Apex, NC 27502-5100
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-1267791
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
BRICK
Total area
7,300 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B1-CU
APN
0742.13-03-7192 0041995
UPID
US53-1267791
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
-
Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Marlou Smith Bacon · 1 yrs held
Marlou Smith Bacon
since 2024
Last sale
$770,000
7 recorded transactions
Zoning & alternative use
B1-CU · 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
$770,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $770k (Dec 20 2024)
Last sale anchor
$770k
Dec 20 2024
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
$105 / 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
$16,495
Tax year 2023
Assessed value
$2,004,867
Assessed 2023
Previous assessed
$2,004,867
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$708,254
Assessed improvement
$1,296,613
Land market value
$708,254
Improvement market value
$1,296,613
Total market value
$2,004,867
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
Total area
7,300 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B1-CU
APN
0742.13-03-7192 0041995
UPID
US53-1267791
Jurisdiction
WAKE
Zoning & alternative use
B1-CU · Apex, NC
Zoning B1-CU · permitted uses
B1-CU · 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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Marlou Smith Bacon
Individual
Free & Clear · 1 yrs held
Mailing address
2509 SOUTHWINDS RUN, APEX, NC 27502-6512
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$770,000
Marlou Smith Bacon
Joseph V Iannone
Warranty Deed
—
Aug 1, 2022
$679,000
Smith Bacon Family Limited Partners
Joseph V Iannone
Warranty Deed
—
Apr 26, 2022
$2,713,000
Joseph V Iannone
Vz Apex Holdings LLC
Special Warranty Deed
—
Aug 21, 2014
$2,300,000
Vz Apex Holdings LLC
Apex Retail Holdings LLC
Grant Deed
related
$1,725,000 · First Bk
Sep 13, 2011
$1,750,000
Apex Retail Holdings LLC
Trachtman,james B
Trustees Deed
related
—
Oct 23, 2009
—
Monarch Apex LLC
—
Trustees Deed
related
$2,383,000 · Carolina First Bank
Nov 9, 2007
$775,000
Monarch Apex LLC
Mclver,bobby R & Nancy P
Warranty Deed
$2,250,000 · Carolina First Bank
Jul 24, 2003
—
Bobby R Mciver
—
Deed Of Trust
related
—
—
—
Apex Retail Holdings LLC
—
Deed Of Trust
related
$691,535 · First National Bank
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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