1021 Classic Rd Apex, NC 27539-4402
Property Lookup
Property profile & analytics
1021 Classic Rd Apex, NC 27539-4402
- Warehouses
- 24,600 SF
- 2.69 lot acres
Property ID
US53-1017105
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.
Location Intelligence
Current Use by Public Records
- Stitch Golf / Corporate Office
Property Details for 1021 Classic Rd
- Year built
- 1999
- Construction
- METAL FRAME
- Lot size
- 2.69 lot acres
- Property size
- 24,600 SF
- Zone code
- LI-CU
- Property type
- Warehouses
- APN
- 0751.09-25-3795 0244419
- APU
- 751092537950244419
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,185,000
- 6.5%
- $2,940,000
- 7%
- $2,730,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,661,000
Market price range: $1.42M - $4.12M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Apex
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8234
- Latitude
- 35.7164
- 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
$31,024
$703,056
$2,124,988
$2,828,044
-
$703,056
$2,124,988
$2,828,044
