Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8008 Deer Meadow Dr, Unit Apex NC 27539 Apex, NC 27539

    Sponsored
    For Sale
    Pending
    $215,000

    Lots/Land/Farm, Land - Apex, NC

    Type:Farm
    Lot size:
    0.71 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 7 at 6:06 am

    Property Features for 8008 Deer Meadow Dr

    General Information

    Property type
    Land
    Property subtype
    Farm
    Standard status
    Pending
    Lot size
    0.71 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Katti-Lyn Battaglia

    Long & Foster Real Estate (888) 536-0216

    Listing agent Katti-Lyn Battaglia (888) 536-0216

    Listing date Jan 30, 2026

    MLS# 10123088 Listing URL

    Copyright © 2026 Long & Foster Real Estate. 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

    Residential Lot in Desirable Apex

    This 0.71-acre residential lot is located in Apex, North Carolina. The east-facing land has been cleared, offering a head start on building plans. Water and electric utilities are available. A septic system will be needed, and soil evaluations will need to be performed. The property is located near 540, providing convenient access to surrounding areas. It is approximately 20 minutes from Raleigh, 15 minutes from downtown Apex and Holly Springs, and 5 minutes from the Costco shopping center. This lot offers a balance of residential tranquility and accessibility to shopping, dining, and major commuter routes, making it suitable for a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Gym & Fitness Center Kitchen & Bath Showroom Grocery & Convenience Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility Garden Center Nursing Home Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.733599
    Latitude
    35.674741

    Nearby Similar for Sale

    • Contact for pricing
      34,000 SF

      Apex Flex Space Available

      Flex space for lease with US 1 visibility.
      2521 Schieffelin Rd, Apex, NC 27502
      View Details
    • $535,000

      New Construction Townhome Near Apex

      New construction townhome featuring modern finishes and upgrades.
      635 Sawcut Ln, Apex, NC 27502
      View Details
    • $529,000
      2,145 SF

      New Construction Townhome Near Downtown

      New 3-bedroom townhome with modern finishes, near downtown Apex.
      633 Sawcut Ln, Apex, NC 27502
      View Details
    • $535,000
      2,137 SF

      New Construction Townhome Near Apex

      New 3-bedroom townhome with flex space, modern finishes.
      631 Sawcut Ln, Apex, NC 27502
      View Details
    • $382,000
      2,226 SF

      Spacious Home with Open Layout

      Single-family home featuring an open floor plan and modern kitchen.
      102 Darley Dale Loop, Apex, NC 27502
      View Details
    • Contact for pricing
      52 SF

      Executive Suites Available For Sale

      Executive suites available for sale.
      800 W Williams 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
    • 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

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared 0.71-acre lot ready for custom home building.
    Where is this residential land & home lot located?
    The property is located at 8008 Deer Meadow Dr, Unit Apex NC 27539 Apex, NC.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Cleared 0.71-acre lot ready for building in a desirable Apex location.; - East-facing orientation.; - Conveniently located: 20 minutes to Raleigh, 15 minutes to downtown Apex and Holly Springs, 5 minutes to Costco.
    (888) 536-0216
    Request Owner's contact information
    8008 Deer Meadow Dr, Unit Apex NC 27539 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.
    8008 Deer Meadow Dr, Unit Apex NC 27539
    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
    8008 Deer Meadow Dr, Unit Apex NC 27539 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
    Katti-Lyn Battaglia
    (888) 536-0216
    Learn more
    Google sign-in failed. Please try again or use another login method.