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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Warehouses
809 Ctr St Apex, NC 27502-1713
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1801497
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
METAL FRAME
Total area
4,800 SF
Lot
1.95 ac (84,942 SF)
Zoning code
LI
APN
0742.20-70-9529 0062983
UPID
US53-1801497
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
-
Cary Collision Center Auto Repair Shop
-
Secur-Tek Inc Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
809 Properties LLC · 3 yrs held
809 Properties LLC
since 2023
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
LI · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A) LI Light Industrial District The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands. B) HI Heavy Industrial District The purpose and intent of the HI…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
Top alternative use upside
Neighborhood: shopping center
$2.6M
+127.8%
Auto repair, garage
$1.7M
+42.8%
Commercial (general)
$1.6M
+37.6%
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
$2,540,000
ML approach
$2,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,645,000
Change: +128% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,660,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,595,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$1,560,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10% · vs last sale $2.00M (Feb 27 2023)
Last sale anchor
$2.00M
Feb 27 2023
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
$473 / 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
$5,690
Tax year 2023
Assessed value
$518,675
Assessed 2023
Previous assessed
$518,675
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$339,768
Assessed improvement
$178,907
Land market value
$339,768
Improvement market value
$178,907
Total market value
$518,675
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,800 SF
Lot
1.95 ac (84,942 SF)
Zoning code
LI
APN
0742.20-70-9529 0062983
UPID
US53-1801497
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NCZoning LI · permitted uses
LI · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A) LI Light Industrial District The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable effects upon residential or commercial lands. B) HI Heavy Industrial District The purpose and intent of the HI Heavy Industrial District is to provide sufficient lands in appropriate locations for high-intensity industrial, manufacturing, processing, or similar uses that may generate noise, traffic, or other impacts not suitable for residential or commercial areas. This district is intended to accommodate uses that require larger sites, specialized infrastructure, or separation from incompatible uses, while promoting orderly development and protecting public health, safety, and welfare. 3.3.4 Planned Development Districts The purpose and intent of the planned development districts is to encourage the design of a more complete and sustainable environment consistent with the Town’s small-town
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,216.95 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1984
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
809 Properties LLC
Entity
Mailing address
632 WHATT WAY, MONCURE, NC 27559-9265
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
$2,000,000
809 Properties LLC
Moongate Investments LLC
Warranty Deed
$1,750,000 · Mooongate Investments LLC
Jun 15, 2016
—
Moongate Investments LLC
—
Deed
related
$250,000 · Bank Of Hampton Roads
Jul 11, 2006
$30,000
Moongate Investments LLC
Miller,jerry H & Deborah K
Warranty Deed
related
$950,000 · Paragon Commercial Bank
—
—
Moongate Investments LLC
—
Deed Of Trust
related
$250,000 · Bank Of Hampton Roads
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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