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Property profile & analytics
FOR LEASE
Retail space
900 Broadstone Way Apex, NC 27502
Entity Owned
Free & Clear
Property ID
US53-2705123
For Lease
1 / 3
$2,025,000
900 Broadstone Way, Apex, NC 27502
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,000 SF
Lot
1.39 ac (60,548 SF)
Zoning code
PUD-CZ
APN
0741.04-54-7785 0365700
UPID
US53-2705123
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
-
Mclean Beauty Salon Hair Salon Nail Salon
-
Soak haus scalp spa Spa & Massage Center
-
Xtinamariaart Tattoos Tattoo & Piercing Shop
-
Pinkblue Beauty Salon Hair Salon Nail Salon
-
ADAIA ESTHETIC Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$2.03M
Owner & transaction history
2900 East Milibrook LLC
2900 East Milibrook LLC
since 2025
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
PUD-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+59.4%
Commercial (general)
$3.0M
+53.6%
Medical building
$2.9M
+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%
$2,660,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,950,000
Current use
AUTO REPAIR, GARAGE
$3,110,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,995,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$2,925,000
Change: +50% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,175,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $1.75M (Jan 14 2020)
Last sale anchor
$1.75M
Jan 14 2020
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
$225 / 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
$13,345
Tax year 2023
Assessed value
$1,216,532
Assessed 2023
Previous assessed
$1,216,532
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$444,956
Assessed improvement
$771,576
Land market value
$444,956
Improvement market value
$771,576
Total market value
$1,216,532
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
9,000 SF
Lot
1.39 ac (60,548 SF)
Zoning code
PUD-CZ
APN
0741.04-54-7785 0365700
UPID
US53-2705123
Jurisdiction
WAKE
Zoning & alternative use
PUD-CZ · Apex, NC
Zoning PUD-CZ · permitted uses
PUD-CZ · 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
$2.0M
AUTO REPAIR, GARAGE
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.2M
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
2900 East Milibrook LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4400 SILAS CRK PKWY STE #200, WINSTON SALEM, NC 27104-3823
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$8,300,000
2900 East Milibrook LLC
Main Street Apex LLC
Special Warranty Deed
—
Sep 23, 2021
—
Main Street Apex LLC
—
Deed
related
$5,078,529 · American National Bank & Trust Co
Jan 17, 2020
—
Main Street Apex LLC
—
Deed
related
$1,312,500 · American Natl Bk & Tr Co
Jan 14, 2020
$1,750,000
Main Street Apex LLC
Krg Peakway At 55 LLC
Grant Deed
$1,312,500 · American Natl Bk & Tr Co
Mar 30, 2007
—
Kite Rlty Peakway At 55 LLC
Owner,record
Grant Deed
related
—
—
—
Main Street Apex LLC
—
Deed Of Trust
related
$1,312,500 · American Natl Bk & Tr Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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