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Property profile & analytics
OFF-MARKET
Estimated value
$10,085,000
Strip malls
8729 Holly Spgs Rd Apex, NC 27539-9194
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2836828
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Construction
BRICK
Total area
7,142 SF
Lot
10.44 ac (454,766 SF)
Zoning code
GCM
APN
0760.02-77-2069 0036715
UPID
US53-2836828
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.74M
Blend (final)
Blend
$10.09M
Owner & transaction history
K25 Fairview LLC · 4 yrs held
K25 Fairview LLC
since 2022
Last sale
$10.7M
5 recorded transactions
Zoning & alternative use
GCM · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.4M
+264.6%
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
$12,410,000
ML approach
$9,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,350,000
Change: +265% · Conversion: Difficult
Blend value · Realmo final
$10.09M
Range $9.08M – $11.09M · ±10% · vs last sale $10.70M (Jun 30 2022)
Last sale anchor
$10.70M
Jun 30 2022
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
$1,412 / 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
$83,102
Tax year 2023
Assessed value
$8,293,617
Assessed 2023
Previous assessed
$8,293,617
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$3,041,144
Assessed improvement
$5,252,473
Land market value
$3,041,144
Improvement market value
$5,252,473
Total market value
$8,293,617
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,142 SF
Lot
10.44 ac (454,766 SF)
Zoning code
GCM
APN
0760.02-77-2069 0036715
UPID
US53-2836828
Jurisdiction
WAKE
Zoning & alternative use
GCM · Apex, NC
Zoning GCM · permitted uses
GCM · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
APARTMENT HOUSE (5+ UNITS)
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
2010
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
10.44 ac
Current owner
From public records · entity-resolved
K25 Fairview LLC
Entity
Mailing address
4040 ED DR STE #201, RALEIGH, NC 27612-8090
Ownership since
2022
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
Jun 30, 2022
$10,700,000
K25 Fairview LLC
Eca Buligo Fairview Partners LP
Special Warranty Deed
$6,650,000 · Genworth Life Insurance Company
Aug 30, 2016
$8,162,500
Eca Buligo Fairview Ptrs LP
Cole Mt Cary Nc LLC
Grant Deed
$6,150,000 · Other Institutional Lenders
Feb 1, 2013
—
Cole Mt Cary Nc LLC
—
Deed Of Trust
related
$250,000,000 · J P Morgan Chase Bank
Jan 22, 2013
—
Cole Mt Cary Nc LLC
Fairview Center LLC
Grant Deed
related
—
Dec 27, 2012
$6,626,000
Cole Mt Cary Nc LLC
Fairview Village LLC
Grant Deed
—
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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