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Property profile & analytics
FOR LEASE
Retail space
800 W Williams St Apex, NC 27502
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1428342
For Lease
1 / 6
$23.50 SF/Yr
800 W Williams St, Apex, NC 27502
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Property summary
AI-generated overview
This exceptional 867-square-foot office suite, located at 800 W Williams St in Apex, NC 27502, is now available for lease. Situated within the Peakway Market Square, a Class B mixed-use building, this space offers immediate occupancy starting January 1st, 2025. The suite is part of a larger 52,263-square-foot, two-story building featuring one elevator. The layout includes a spacious open area, a dedicated conference room, and two offices with desirable window views, ideal for a variety of professional uses including sales, insurance, physical therapy, or healthcare practices. The base rent is $22.00 per square foot, with a triple net (NNN) lease structure. Additionally, there is a tenant improvement allowance (TICAM) of $9.50 per square foot. This is a fantastic opportunity for businesses seeking a well-appointed, conveniently located office space in the thriving Apex submarket. The building is comprised of one building with a minimum divisible space of 867 square feet and a maximum contiguous space of 867 square feet. Currently, 867 square feet is vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
BRICK
Total area
29,702 SF
Lot
7.61 ac (331,492 SF)
Zoning code
PC-CU
APN
0742.13-04-1210 0128497
UPID
US53-1428342
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
-
Donovan's Dish Take-out & Catering Catering Service
-
Triangle Eye Institute - Apex Office Physician
-
Hansen Dentistry Dental Office
-
Brewer Insurance Group, Inc. Insurance Agency
-
Affinity Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.11M
Comparable Approach
Comparable
$10.93M
Blend (final)
Blend
$9.08M
Owner & transaction history
Crabtree Offices LLC|north Carolina LLC · 11 yrs held
Crabtree Offices LLC|north Carolina LLC
since 2014
7 recorded transactions
Zoning & alternative use
PC-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.3M
+59.4%
Commercial (general)
$9.9M
+53.6%
Medical building
$9.7M
+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%
$8,785,000
6.5%
$8,110,000
7%
$7,530,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,435,000
Current use
AUTO REPAIR, GARAGE
$10,260,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,880,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$9,650,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,185,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$9.08M
Range $8.17M – $9.98M · ±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
$306 / 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
$115,925
Tax year 2023
Assessed value
$10,567,434
Assessed 2023
Previous assessed
$10,567,434
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,556,552
Assessed improvement
$8,010,882
Land market value
$2,556,552
Improvement market value
$8,010,882
Total market value
$10,567,434
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
For Lease
Year built
2003
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
9
Bathrooms
2
Total area
29,702 SF
Lot
7.61 ac (331,492 SF)
Zoning code
PC-CU
APN
0742.13-04-1210 0128497
UPID
US53-1428342
Jurisdiction
WAKE
Zoning & alternative use
PC-CU · Apex, NC
Zoning PC-CU · permitted uses
PC-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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$9.7M
WAREHOUSE, STORAGE
Est. value
$7.2M
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
2003
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
9
Bathrooms
2
Lot
7.61 ac
Current owner
From public records · entity-resolved
Crabtree Offices LLC|north Carolina LLC
Entity
Free & Clear · 11 yrs held
Mailing address
7930 SKYLAND RDG PKWY STE #200, RALEIGH, NC 27617-6815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 22, 2021
—
Rbm Plumbing Systems W Coast I
—
Deed
related
$200,000 · Ronald Mahler
Nov 14, 2016
—
Pnc Of North Carolina LLC
—
Deed
related
$6,700,000 · Wells Fargo Bk
Dec 5, 2014
$7,400,000
Crabtree Offices LLC|north Carolina LLC
812 West Williams Street Holdi
Grant Deed
—
Feb 1, 2011
$4,875,000
West Williams Street Hold 812
Trachtman,james B
Trustees Deed
—
Dec 1, 2005
$9,830,000
Peakway Square LLC
Owner,record
Grant Deed
related
—
Nov 26, 2002
$500
Peakway 55 LLC
Peakway 55 LLC
Grant Deed
related
—
—
—
Pnc Of North Carolina LLC
—
Deed Of Trust
related
$6,700,000 · Wells Fargo Bk
—
—
Crabtree Offices LLC|pnc Of North Carolina LLC
—
Deed Of Trust
related
$6,000,000 · Branch Bk&tr
—
—
Rbm Plumbing Systems W Coast I
—
Deed Of Trust
related
$200,000 · Ronald Mahler
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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