Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Move-in Ready Office Condo Title is generated by Realmo AI

    105 Salem Towne Court, Apex, NC 27502

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-maintained office condo in prime, accessible Apex area.

    Type:Office
    Property size:
    1,016 SF
    Price / SF:
    $381/SF
    Added:
    Feb 21, 2026
    Days on Market:
    80
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 105 Salem Towne Court

    General Information

    Standard status
    Active
    Size
    1,016 SF
    Property subtype
    Office

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Liz Arcos

    Listing agent Liz Arcos License #NC

    Listing office SVN Raleigh

    Listing date Feb 21, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN Raleigh

    HighLights

    • Move‑in‑ready office condo in a prime, accessible Apex location near downtown
    • Enjoy walkable access to restaurants, shops, and a town park directly across the street
    • Recent updates include a new roof, new HVAC (two units) with zoned smart thermostats, new upstairs windows, refreshed bath finishes, and fresh interior paint
    • Low monthly utilities (avg. ~$100 including water)
    • Dual‑level bathrooms and kitchenettes
    • Front and rear entrances and ample parking

    Overview

    This well-maintained office condo, located minutes from downtown Apex, presents a rare opportunity to own a move-in-ready workspace in a prime, accessible area. The property benefits from walkable access to restaurants, shops, and local amenities, with a town park directly across the street. Updates include a new roof, new HVAC with two units and zoned smart thermostats, new upstairs windows, refreshed bath finishes, and fresh interior paint downstairs. Featuring both front and rear entrances and ample parking, the space is suitable for owner-users or investors. Low monthly utilities average approximately $100, including water. Additional features include security cameras, dual-level bathrooms and kitchenettes, and the potential to create multiple rental suites, adding flexibility and long-term value. The property size is 1016 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Skeeter b gone ... Corporate Office Leslie A. Iannucci, CPA, ... Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    -78.8490772
    Latitude
    35.738502

    Nearby Similar for Sale

    • $315,250
      1,292 SF

      Apex Office Condo For Sale

      Townhome-style office condo near downtown Apex, suitable for professional services.
      130 Salem Towne Court, Apex, NC 27502
      View Details
    • $585,000
      2,543 SF

      New Construction Townhome in Apex

      Modern 3-bedroom townhome with 2-car garage in Apex, NC.
      712 Mirkwood Avenue, Apex, NC 27523
      View Details
    • $360

      Olive Chapel Professional Park

      Professional park property for sale in Apex, North Carolina.
      1400-1480 Chapel Ridge Rd, Apex, NC 27502
      View Details
    • $615,000
      2,446 SF

      New Townhome in Apex, NC

      Under construction 4-bedroom townhome with 2-car garage in Apex.
      936 Double Helix Road, Apex, NC 27523
      View Details
    • $19
      34,000 SF

      Apex Flex Space Available

      Flex space for lease with US 1 visibility.
      2521 Schieffelin Road, Apex, NC 27502
      View Details
    • $23
      52 SF

      Executive Suites Available For Sale

      Executive suites available for sale.
      800 W. Williams Street | Apex, NC 27502, NC 27502
      View Details
    • $3,300,000
      10,912 SF

      Apex Office Building For Sale

      Two-story office building with high visibility and versatile space.
      1701 Center St, Apex, NC 27502
      View Details
    • Contact for pricing
      75,000 SF

      Apex Mixed-Use Commercial Buildings

      Mixed-use commercial buildings for sale in desirable Apex location.
      1400-1480 Chapel Ridge Rd, Apex, NC 27502
      View Details
    • $7,000
      2,800 SF

      Restaurant Space with Drive-Thru

      Restaurant space with drive-thru, freezer, and cooler in place.
      1305 E Williams Street, Apex, NC 27502
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained office condo in prime, accessible Apex area.
    Where is this office units located?
    The property is located at 105 Salem Towne Court Apex, NC.
    What is the asking price?
    The asking price for this property is $387,900.
    What are key features of this property?
    This property features: Move‑in‑ready office condo in a prime, accessible Apex location near downtown; Enjoy walkable access to restaurants, shops, and a town park directly across the street; Recent updates include a new roof, new HVAC (two units) with zoned smart thermostats, new upstairs windows, refreshed bath finishes, and fresh interior paint
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Liz Arcos
    Real Estate License ID: NC
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    105 Salem Towne Court, Apex, NC 27502-1408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!