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    Sunset Lk Rd And Stephenson Rd Apex, NC 27539

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    For Lease
    Contact for pricing

    New 87,275 SF retail space available.

    Lot size:
    87,275 SF

    Property Features for 0 Sunset Lk Rd And Stephenson Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,275 SF

    Building Details

    Year Built
    2024

    Spaces For Lease

    at 0 Sunset Lk Rd And Stephenson Rd, Apex, NC 27539 Contact us

    We can help!

    Listing Contact
    Jenn Olevitch-Roberson
    Jenn Olevitch-Roberson

    Listing Agency: Lee & Associates Listing Agent: Jenn Olevitch-Roberson

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

    Learn more

    Overview

    Peterson Station, a brand-new mixed-use retail center in Apex, NC, offers an exceptional opportunity for businesses seeking a prominent location. Completed in 2024, this 87,275 square foot property sits on a spacious 19-acre lot at the intersection of Sunset Lake Road and Stephenson Road, in the rapidly growing Wake County market. The center boasts 25 available spaces, with flexible sizes ranging from a minimum of 1,487 square feet to a maximum contiguous space of 16,613 square feet, catering to a variety of retail needs. Currently, the entire 87,275 square feet is vacant, presenting a unique chance to establish a presence in a vibrant community. The property's strategic location provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. With its modern design and ample space, Peterson Station is poised to become a thriving retail hub. The property's 2024 construction ensures state-of-the-art facilities and modern amenities. This is an unparalleled opportunity to secure a prime retail space in one of North Carolina's fastest-growing areas. The property's location in Apex, NC, zip code 27539, offers easy access to major transportation routes and a strong local economy. Contact us today to learn more about this exceptional retail opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8359518
    Latitude
    35.6336255

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    FAQs

    What type of property is this?
    Retail property - New 87,275 SF retail space available.
    Where is this retail property located?
    The property is located at Sunset Lk Rd And Stephenson Rd Apex, NC.
    What are key features of this property?
    This property features: 19-acre mixed-use development at Sunset Lake Rd & Stephenson Rd, Apex/Holly Springs border.; Peterson Station: 87,275 SF of new retail space; 25 available units (1,487 - 16,613 SF).; Building 6 delivery: March 2025.
    (919) 345-1752 Call to check price and availability
    Request Owner's contact information
    Sunset Lk Rd And Stephenson Rd Apex, NC 27539
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    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
    Sunset Lk Rd And Stephenson Rd Apex, NC 27539
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jenn Olevitch-Roberson
    Jenn Olevitch-Roberson
    (919) 345-1752 (919) 576-2517 (919) 576-2500
    Learn more
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