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

    600 Pristine Water Drive Apex, NC

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

    208,000 SF warehouse with ample loading and parking.

    Type:INDUSTRIAL
    Property size:
    208,000 SF
    Lot size:
    27.07 Acres
    Added:
    Sep 26, 2023
    Days on Market:
    949
    Last Refresh:
    Apr 5 at 10:01 pm

    Property Features for 600 Pristine Water Drive

    General Information

    Standard status
    Active
    Size
    208,000 SF
    Lot size
    27.07 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 600 Pristine Water Drive Contact us

    We can help!

    Listing Contact
    Jackson Rives

    Listing agent Jackson Rives

    Listing office Foundry Commercial | Raleigh

    Listing date Sep 26, 2023

    Source Moodyscre

    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 Foundry Commercial | Raleigh

    Overview

    Apex Warehouse Space Available Soon

    This 208,000 square foot warehouse space, located in Apex, NC, will be available in the third quarter of 2024. The property features a 32-foot ceiling height and bay sizes of approximately 13,000 square feet. Loading is facilitated by 7 dock-high doors (9’ x 10’) with 20 knockouts for a potential total of 27 positions, as well as 2 drive-in doors (14’ x 16’). The truck court depth measures 180 feet, including a 60-foot concrete apron and 50-foot trailer staging area. Paved parking includes 136 spaces for automobiles and 31 spaces for trailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Similar Places Nearby

    • Movin' On Movers — 2425 Reliance Ave, Apex, NC 27539
    • Public Storage — 2110 Ten-Ten Rd, Apex, NC 27539

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8239
    Latitude
    35.707

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail Space in Apex

      Retail space for lease in Apex, NC with high visibility.
      610 Chessie Station, Apex, NC 27502
      View Details
    • $15 SF/Yr

      Apex Flex Space Available

      Flex space in prime industrial area, immediate occupancy.
      1000 Investment Blvd, Apex, NC 27502
      View Details
    • Contact for pricing

      Dominant Power Center Sublease Opportunity

      Retail sublease available in a high-traffic Apex shopping center.
      1035 Beaver Creek Commons Dr, Apex, NC 27502
      View Details
    • $18 SF/Yr

      Apex Flex Space Sublease

      Flex space available for sublease in SW Wake County.
      2047 Energy Drive, Apex, NC 27502
      View Details
    • Contact for pricing

      Apex Office Sublease Opportunity

      Office suite available for sublease in Apex, North Carolina.
      1480 Chapel Ridge Road, Apex, NC, 27502
      View Details
    • $15 SF/Yr

      Apex Warehouse and Industrial Space

      Warehouse and industrial spaces available in accessible Apex location.
      2420 - 2426 Reliance Ave | Apex, NC 27539, NC 27539
      View Details
    • Contact for pricing

      New Retail and Office Center

      New multitenant retail and office center under construction in Apex, NC.
      8375 Green Level Church Road | Apex, NC 27523, NC 27523
      View Details
    • Contact for pricing

      Retail Space in Mixed-Use Development

      Retail spaces available in Apex, NC, mixed-use development.
      McChesney Hill Loop, Apex, NC 27539
      View Details
    • Contact for pricing

      Retail Space in Apex

      Retail property available for lease in Apex, North Carolina.
      202 South Salem Street, Apex, NC, 27502
      View Details
    • Contact for pricing

      Retail Space in Apex, NC

      Retail space available in a dominant shopping center.
      Apex, NC 27523
      View Details
    • Contact for pricing

      Apex Warehouse Space Available

      305,470 sqft warehouse/distribution space in Apex, North Carolina.
      2880 - 2910 Lowell Road, Apex, NC, 27523
      View Details
    • Contact for pricing

      Apex Warehouse Space Available

      154,350 sqft warehouse/industrial space for lease in Apex, NC.
      1475-1485 Goodwin Road, Apex, NC, 27523
      View Details

    FAQs

    What type of property is this?
    Warehouse - 208,000 SF warehouse with ample loading and parking.
    Where is this warehouse located?
    The property is located at 600 Pristine Water Drive Apex, NC.
    What are key features of this property?
    This property features: Benefit from the **32' Ceiling Height**.; The property features an **180' Truck Court Depth with concrete apron and trailer staging**.; Available 3Q 2024.
    (919) 656-2816 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jackson Rives
    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

    600 Pristine Water Drive, Apex, NC

    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!