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    Property profile & analytics

    1010 Goodworth Dr Apex, NC 27539-3869

    • Warehouses
    • 10,040 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Jan 24, 2020
    $1,750,000
    Value Estimations
    $1,565,000
    Show details
    Cap Rate Potential
    2.7%
    Warehouses
    Location Intelligence
    Property ID
    US53-0059189
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ecodyst / Business To Business Service

    Property Details for 1010 Goodworth Dr

    Year built
    2000
    Construction
    METAL FRAME
    Lot size
    0.95 lot acres
    Property size
    10,040 SF
    Zone code
    LI-CU
    Property type
    Warehouses
    APN
    0751.09-15-0193 0258734
    APU
    751091501930258734

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,300,000
      6.5%
      $1,200,000
      7%
      $1,115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,128,000
      Market price range: $1.23M - $3.32M
      AI Estimate
      $991,000
      Market price range: $581k - $1.68M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,430,000
      Current use
      RETAIL STORES
      $2,175,000
      Change: -10% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8279
    Latitude
    35.7148
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,560
    $248,292
    $805,459
    $1,053,751
    -
    $248,292
    $805,459
    $1,053,751

    Comparable in this City

    • Value Estimation
      $16,385,000
      104,908 SF

      11651 Holly Spgs New Hl Rd

      WAREHOUSE, STORAGE • 104,908 SF
      11651 Holly Spgs New Hl Rd, Apex, NC 27539
      View Details
    • Value Estimation
      $3,145,000
      17,752 SF

      2500 Reliance Ave, Unit MC

      WAREHOUSE, STORAGE • 17,752 SF
      2500 Reliance Ave, Apex, NC 27539-6346
      View Details
    • Value Estimation
      $720,000
      3,536 SF

      2508 Reliance Ave

      WAREHOUSE, STORAGE • 3,536 SF
      2508 Reliance Ave, Apex, NC 27539-6346
      View Details
    • Value Estimation
      $775,000
      6,000 SF

      2300 10th 10th Rd

      WAREHOUSE, STORAGE • 6,000 SF
      2300 10th 10th Rd, Apex, NC 27539
      View Details
    • Value Estimation
      $2,720,000
      18,000 SF

      1071 Classic Rd

      WAREHOUSE, STORAGE • 18,000 SF
      1071 Classic Rd, Apex, NC 27539-4402
      View Details
    • Value Estimation
      $8,760,000
      24,000 SF

      2425 Reliance Ave

      WAREHOUSE, STORAGE • 24,000 SF
      2425 Reliance Ave, Apex, NC 27539-7049
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      83.47 Acres

      Apex Industrial Land - 83 Acres

      Shovel-ready industrial land, permits secured.
      7511 Wds Crk Rd, Apex, NC 27539
      View Details
    • $59,999
      Pending

      Residential Lot in Apex, NC

      0.17-acre residential lot in desirable Apex location.
      5712 Mosley Ave, Apex, NC 27539
      View Details
    • $385,000
      2.12 Acres

      Land Opportunity in Apex, NC

      Residential land for sale, ideal for building a dream home.
      6513 Ten Ten Rd, Apex, NC 27539
      View Details
    • Contact for pricing

      Shovel Ready Industrial Land

      83.47-acre industrial land opportunity in Holly Springs, North Carolina.
      7511 Woods Creek Rd, Holly Springs, NC 27539
      View Details
    • $399,000
      Pending

      Land Opportunity in Apex, NC

      Residential land for sale, ideal for building a dream home.
      6509 Ten-Ten Rd, Apex, NC 27539
      View Details
    • $85,000
      Pending

      Apex, NC Wooded Lot

      Beautiful wooded lot near downtown Apex, perfect for building.
      Rhodes Rd, Apex, NC 27539
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Apex Warehouse and Industrial Space

      Warehouse and industrial spaces available in accessible Apex location.
      2420 Reliance Ave, Apex, NC 27539
      View Details
    • Contact for pricing
      222,121 SF

      Apex Warehouse Space Available

      222,121 SF warehouse with 32' ceilings, available July 2025.
      2161 Production Dr, Apex, NC 27539
      View Details
    • Contact for pricing
      183,232 SF

      Apex Warehouse with Ample Loading

      Large warehouse in Apex, NC, available 3Q 2024.
      2170 Production Dr, Apex, NC 27539
      View Details
    • Contact for pricing
      208,000 SF

      Apex Warehouse Space Available Soon

      208,000 SF warehouse with ample loading and parking.
      600 Pristine Water Dr, Apex, NC 27539
      View Details
    • Contact for pricing
      120,000 SF

      Apex Retail Center: Prime Location

      120,000 SF Retail Development Opportunity
      3708 Old Holly Springs Apex Rd, Apex, NC 27539
      View Details
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    Apex, NC 27539-3869
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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
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