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    746 Williams St Apex, NC 27502-5100
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    Property profile & analytics

    746 Williams St, Apex, NC 27502-5100

    View on Map
    • Strip malls
    • 8,200 SF
    • 10.93 lot acres
    Off-Market
    Property ID
    US53-0974295
    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.
    Value Estimations
    $1,220,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Results Physiotherapy Apex, North Carolina / Physician
    • Chelsea Meredith Horgan / Physician
    • Chelsea Horgan / Physician

    Property Details for 746 Williams St

    Year built
    2004
    Construction
    CONCRETE BLOCKS
    Lot size
    10.93 lot acres
    Zone code
    PC-CU
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0742.13-03-7526 0348296
    APU
    742130375260348296

    Description

    This exceptional retail property, located at 746 W Williams St in Apex, North Carolina, presents a unique opportunity for a single-tenant business. Situated in Wake County, this property boasts a total building size of 1 square foot. The entire space is currently vacant and ready for immediate occupancy. The address is easily accessible, offering excellent visibility and convenient access for customers. This listing is ideal for a small business seeking a high-traffic location in a thriving community. The property's single-tenant occupancy ensures exclusive use and control of the space. Given the limited square footage, this property is best suited for a business with minimal space requirements, perhaps a kiosk, pop-up shop, or a similar concept. The property is located in the 27502 zip code of Apex, NC, offering easy access to local amenities and a strong customer base. Further details regarding lease terms are available upon request. This is an exceptional opportunity to establish a presence in a desirable Apex location. Inquire today to learn more about this unique retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8628
    Latitude
    35.738
    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
    2023
    $134,529
    $3,706,862
    $8,556,477
    $12,263,339
    -
    $3,706,862
    $8,556,477
    $12,263,339

    Comparable in this City

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      $2,620,000
      14,160 SF

      814 Williams St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
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      9,600 SF

      610 Laura Duncan Rd

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation
      $2,210,000
      16,678 SF

      1413 Kelly Rd

      SHOPPING CENTER, STRIP CENTER
      1413 Kelly Rd, Apex, NC 27502-9572
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    • Value Estimation
      $1,920,000
      7,200 SF

      1750 Olive Chapel Rd

      SHOPPING CENTER, STRIP CENTER
      1750 Olive Chapel Rd, Apex, NC 27502-8507
      View Details
    • Value Estimation
      $920,000
      5,641 SF

      5400 Apex Peakway

      SHOPPING CENTER, STRIP CENTER
      5400 Apex Peakway, Apex, NC 27502-3924
      View Details
    • Value Estimation
      $21,770,000
      188,619 SF

      3151 Apex Peakway

      WHOLESALE OUTLET, DISCOUNT STORE
      3151 Apex Peakway, Apex, NC 27502-5709
      View Details

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      Apex Office Condo For Sale

      Townhome-style office condo near downtown Apex, suitable for professional services.
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      1,477 SF

      Executive Suites Available For Sale

      Executive suites available for sale.
      800 W Williams St, Apex, NC 27502
      View Details
    • New
      $425,000
      0.35 Acres

      Downtown Apex Residential Land Opportunity

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    Similar Nearby for Lease

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      5432 Apex Peakway, Apex, NC 27502
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      Retail Space in Power Center

      Retail space available in a well-located power center.
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      Dominant Power Center Sublease Opportunity

      Retail sublease available in a high-traffic Apex shopping center.
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      Retail Space in Apex

      Retail property available for lease in Apex, North Carolina.
      202 South Salem St, Apex, NC 27502
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    • Contact for pricing

      Apex Office Suites for Rent

      Office suites available in a prime Apex location.
      800 W Williams St, Apex, NC 27502
      View Details
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    Apex, NC 27502-5100
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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