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Property summary
This exceptional 24,600 square foot flex space at 1021 Classic Road, Apex, NC 27539, presents a compelling investment opportunity. The property, built in 2000 and renovated in 2019, boasts a Class B rating and is situated on a 2.69-acre lot zoned LI-CU. The building features a 22-foot ceiling height, three loading docks, and three dock-high doors, making it highly functional for various industrial uses. Currently operating under a triple net (NNN) lease, this sale/leaseback property offers a… strong 6.19% cap rate with a net operating income (NOI) of $442,800 and an asking price of $7,150,000 ($290.65/sq ft). The property is meticulously maintained and includes a fenced truck court with a covered loading dock. Its convenient location, minutes from US-1 in Apex, provides excellent access to major transportation routes. This turnkey investment is ready for immediate income generation and offers significant potential for long-term growth. The property's features and prime location make it an attractive option for discerning investors seeking a stable, high-return asset in a thriving market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 24,600 SF
- Lot area
- 2.69 ac
- Year built
- 1999
- Stories
- 1
- APN
- 0751.09-25-3795 0244419
- Zoning
- LI-CU
- Assessed value · 2023
- $2,828,044
- Annual tax · 2023
- $31,024
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $31,024
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Apex market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The purpose and intent of the LI Light Industrial District is to provide sufficient lands in appropriate locations for certain types of businesses, light manufacturing, or processing uses that might cause undesirable eff…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Historical Records
- Value Estimation
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- Alternative use
- Local Zoning Insight
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