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    1400-1480 Chapel Ridge Rd Apex, NC 27502

    Sponsored
    For Sale
    Contact for pricing

    Modern Office Suites, Flexible Lease Options

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Located in Apex, NC, this mixed-use development at 1400-1480 Chapel Ridge Rd offers 1,500-7,500 square feet of premium office space. The property, part of the Olive Chapel Professional Park, comprises five two-story buildings totaling nearly 75,000 square feet, constructed in 2020. Each building boasts full elevator access and three convenient secondary entrances. The property is zoned for Office and Institutional use (O&I-CZ) and sits on an 8.7-acre lot. Available spaces include vacant shell space for $360 per square foot and income-producing units for $460 per square foot. Cap rates vary, ranging from 5% to 8%. This prime location in Apex offers a unique opportunity for businesses seeking modern, flexible office space in a desirable area. The property features a multi-tenant configuration with a NNN lease type. This development presents an excellent investment opportunity with strong potential for return. Contact us today to learn more about leasing or purchasing options within this thriving professional park.

    Property Features for 1400-1480 Chapel Ridge Rd

    General Information

    Property type
    Office space
    Square Feet
    1,500 SF
    Lot Size
    378,972 SF

    Building Details

    Year Built
    2020
    Stories
    52

    HighLights

    • $360/SF for shell space.
    • $460/SF for stabilized units.
    • Cap rates ranging from 5% to 8%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.888899
    Latitude
    35.739078

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    FAQs

    What type of property is this?
    Office space - Modern Office Suites, Flexible Lease Options
    Where is this office space located?
    The property is located at 1400-1480 Chapel Ridge Rd Apex, NC.
    What are key features of this property?
    This property features: $360/SF for shell space.; $460/SF for stabilized units.; Cap rates ranging from 5% to 8%.
    Request Owner's contact information
    1400-1480 Chapel Ridge Rd Apex, NC 27502
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    Realmo Value Estimation

    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.

    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.

    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
    1400-1480 Chapel Ridge Rd Apex, NC 27502
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