Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Jb Morgan Road Apex, NC 27523

    View on Map
    Claim this Listing
    Pending
    $630,000

    LAND - Apex, NC

    Lot size:
    21.00 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    604
    Last Refresh:
    May 7 at 10:06 am

    Property Features for Jb Morgan Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS-1
    Vegetation
    Wooded, Partially Wooded
    Standard status
    Pending
    APN
    3720070300
    Lot size
    21.00 Acres

    Taxes and HOA fees

    Tax Year
    23
    Tax Description
    Q4-19C
    Tax Annual Amount
    44

    Utilities

    Utilities
    Electricity Available
    Water source
    Well Needed

    We can help!

    Listing Contact
    Sandy Savage
    Sandy Savage

    Listing agent Sandy Savage License #249452

    Listing office Carolina One Realty 1010 Chapel Ridge Dr., Pittsboro, NC

    Listing date Sep 11, 2024

    MLS# 10051948 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 21 acres of wooded land in Apex.
    • Rare acreage opportunity.
    • Convenient location.
    • Endless possibilities for development or personal use.
    • Electricity Available.
    • Property lines are marked for easy viewing.

    Overview

    Apex Acreage: Wooded Land Opportunity

    This property features over 21 acres of wooded land situated on an unpaved public roadway in Apex, North Carolina. The acreage offers various possibilities due to its convenient location. Approximate property lines are marked to facilitate easy walking of the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.980905
    Latitude
    35.777549

    Nearby Similar for Sale

    • $399,000

      Land Opportunity Near Apex, NC

      Residential land for sale near shopping, Raleigh, and Apex.
      6517 Ten Ten Road, Apex, NC 27539
      View Details
    • $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
    • $700,000

      Apex Land for Development or Home

      Private Apex lot, ideal for development or building a home.
      2908 Satori Way, Apex NC 27539, Apex, NC 27539
      View Details
    • $385,000

      Residential Land in Apex, NC

      Residential land for sale, ideal for building a dream home.
      6521 Ten Ten Road, Apex, NC 27539
      View Details
    • $510,000

      6+ Acres Near Jordan Lake

      Residential land near Jordan Lake with recreational opportunities and easy commuting.
      708 John Horton Road, Apex, NC 27523
      View Details
    • $385,000

      Land For Sale in Apex

      Residential land opportunity near shopping, Raleigh, and Apex.
      6513 Ten Ten Road, Apex, NC 27539
      View Details
    • $650,000

      Apex, NC Land with Pond

      6.38 acres of land with a pond in Apex.
      87 Hortons Pond Road, Apex, NC 27523
      View Details
    • $950,000

      Land in Booming Chatham County

      5.145 acres of land with perc in Apex, NC.
      5663 Nc Hwy 751, Apex, NC 27523
      View Details
    • $485,000

      Prime Downtown Apex Land Opportunity

      Rare .35 acre property in Historic Apex's Small Town Character District.
      212 Hunter Street, Apex, NC 27502
      View Details
    • $350,000

      Land Near Jordan Lake

      Rare land opportunity near Jordan Lake and US64.
      163 Sexton Road, Apex, NC 27523
      View Details
    • $120,000

      Oversized Lot in Apex, NC

      Spacious lot for custom home with utilities available in Apex.
      8512 Stephenson Road, Apex, NC 27539
      View Details
    • $150,000

      Apex Acreage with Utilities

      Residential land with existing utilities in Apex, North Carolina.
      4629 Arrowhead Drive, Apex, NC 27539
      View Details

    FAQs

    What type of property is this?
    Land - 21 acres of wooded land in Apex, North Carolina.
    Where is this land located?
    The property is located at Jb Morgan Road Apex, NC.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: Over 21 acres of wooded land in Apex.; Rare acreage opportunity.; Convenient location.
    (919) 444-3699
    We can help!
    Listing Contact
    Sandy Savage
    Sandy Savage
    Real Estate License ID: 249452
    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
    Jb Morgan Road, Apex, NC 27523
    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!