1701 Center St, Apex, NC 27502
Two-story office building with high visibility and versatile space.
- Added:
- Dec 5, 2024
- Days on Market:
- 578
- Last Refresh:
- May 13 at 8:19 pm
Property Features for 1701 Center St
General Information
- Standard status
- Active
- Size
- 10,912 SF
- Lot size
- 1.35 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing office INK Realty Group
Listing date Dec 5, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of INK Realty Group
HighLights
- High‑visibility location at a traffic light intersection on heavily traveled Center St (22,385 vpd)
- Versatile 10,912 SF space suitable for various business types
- Modern construction (built in 2004)
- +/-1.35‑acre parcel
- Two‑story office building
- Suited for neighborhood business use
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $268.4k | $24.60 |
| − Vacancy | −$45.1k | −$4.13 |
| EGI | $223.3k | $20.47 |
| − OpEx | −$55.8k | −$5.12 |
| NOI | $167.5k | $15.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Apex
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8271309
- Latitude
- 35.7260214
