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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Day care centers
903 Olive Chapel Rd Apex, NC 27502-8509
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-0129726
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2004
Construction
BRICK
Total area
8,648 SF
Lot
1.76 ac (76,666 SF)
Zoning code
O&I-CZ
APN
0732.16-92-5761 0110683
UPID
US53-0129726
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
-
The Goddard School of Apex Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$620k
Owner & transaction history
Grokhalov Family Ventures INC · 8 yrs held
Grokhalov Family Ventures INC
since 2018
7 recorded transactions
Zoning & alternative use
O&I-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$72 / 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
$29,535
Tax year 2023
Assessed value
$2,692,366
Assessed 2023
Previous assessed
$2,692,366
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$613,328
Assessed improvement
$2,079,038
Land market value
$613,328
Improvement market value
$2,079,038
Total market value
$2,692,366
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
8,648 SF
Lot
1.76 ac (76,666 SF)
Zoning code
O&I-CZ
APN
0732.16-92-5761 0110683
UPID
US53-0129726
Jurisdiction
WAKE
Zoning & alternative use
O&I-CZ · Apex, NCZoning O&I-CZ · permitted uses
O&I-CZ · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Grokhalov Family Ventures INC
Entity
Mailing address
2649 BECKWITH RD, APEX, NC 27523-7108
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2018
$2,650,000
Grokhalov Family Ventures INC
Westover Properties II LLC
Warranty Deed
$2,690,000 · Compass Bk
Jan 31, 2017
—
Westover Properties II LLC
—
Deed
related
$200,000 · Branch Bk&tr
Nov 15, 2016
—
Westover Properties II LLC
—
Deed
related
$769,400 · Branch Bk&tr
Apr 10, 2006
—
Westover Properties II LLC
—
Trustees Deed
related
$1,240,000 · Suntrust Bank NA
Jun 15, 2004
$300,000
Westover Properties II LLC
Marr,david A & Patricia J
Warranty Deed
$305,848 · Central Carolina Bank & Trust
—
—
Diane Probasco
—
Deed Of Trust
related
$990,000 · Compass Bank
—
—
Diane Grokhalova
—
Deed Of Trust
related
$990,000 · Compass Bank
—
—
Westover Properties II LLC
—
Deed Of Trust
related
$200,000 · Branch Bk&tr
—
—
Westover Properties II LLC
—
Deed Of Trust
related
$769,400 · Branch Bk&tr
—
—
Westover Properties II LLC
—
Deed Of Trust
related
$1,080,000 · Pnc Bank
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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