Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    204 Fair Haven St Apex, NC 27539

    View on Map
    Sponsored
    For Sale
    $199,000

    LAND - Apex, NC

    Lot size:
    3.00 Acres
    Days on Market:
    25
    Last Refresh:
    Mar 17 at 8:06 am

    Property Features for 204 Fair Haven St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    RR
    APN
    741000000005
    Lot size
    3.00 Acres

    We can help!

    Listing Contact
    Robin Barton

    Barton Estate Realty (919) 418-4181

    Listing agent Robin Barton (919) 851-9399

    Listing date Feb 20, 2026

    MLS# 10143672 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Land Near Highway 540

    This wooded property, offered for sale, spans over 3 acres. It is located approximately half a mile from the new 540 highway. The lot previously featured a large pond. A Progress Energy easement is present along the side of the property. The property may be landlocked.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.790504
    Latitude
    35.667194

    Nearby Similar for Sale

    • $325,000
      1,292 SF

      Office Condo Near Downtown Apex

      Two-story office condo with loft near downtown Apex.
      130 Salem Towne Ct, Apex, NC 27502
      View Details
    • New
      $499,000
      Pending

      Apex Ranch Duplex in Orchard Villas

      Well-maintained 55+ ranch duplex with modern amenities and convenient location.
      1503 Orchard Villas Ave, Apex, NC 27502
      View Details
    • $387,900
      1,016 SF

      Move-in Ready Apex Office Condo

      Well-maintained office condo near downtown Apex with recent updates.
      105 Salem Towne Ct, Apex, NC 27502
      View Details
    • $387,900

      Apex Office Condo For Sale

      Immaculate, upgraded office condo in prime Apex location.
      105 Salem Towne Ct, Apex, NC 27502
      View Details
    • Contact for pricing

      Olive Chapel Professional Park

      Professional park property for sale in Apex, North Carolina.
      1400-1480 Chapel Ridge Rd, Apex, NC 27502
      View Details
    • Contact for pricing

      Executive Suites Available For Sale

      Executive suites available for sale.
      800 W Williams St, Apex, NC 27502
      View Details
    • Contact for pricing
      1,500 SF

      Apex Office Space: Chapel Ridge Rd

      Modern Office Suites, Flexible Lease Options
      1400-1480 Chapel Ridge Rd, Apex, NC 27502
      View Details
    • $3,300,000
      10,912 SF

      Apex Medical Office Building

      Class A Office, 10,912 SF, High Visibility
      1701 Center St, Apex, NC 27502
      View Details
    • Contact for pricing
      61,250 SF

      Apex Flex Space Investment Opportunity

      7-Acre Industrial Complex, 61,250 SF
      1930 Salem St, Apex, NC 27523
      View Details

    FAQs

    What type of property is this?
    Land - 3-acre wooded property near Highway 540 in Apex, NC.
    Where is this land located?
    The property is located at 204 Fair Haven St Apex, NC.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Over 3 acres of wooded property offering potential for privacy.; - Conveniently located just half a mile from the new 540 highway.; - Location coordinates provided for easy identification.
    (919) 418-4181
    Request Owner's contact information
    204 Fair Haven St Apex, NC 27539
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    204 Fair Haven St
    Apex, NC 27539
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 Fair Haven St Apex, NC 27539
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robin Barton
    (919) 418-4181 (919) 851-9399
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!