Property profile

1072 Classic Rd Apex, NC 27539

OFF-MARKET
Warehouses
Property ID
US53-0383257
2,832 SF 0.01 ac lot Built 1999
Entity Owned 25-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,832 square foot flex space in Apex, NC presents a unique opportunity for businesses seeking a blend of office and warehouse functionality. The property boasts a single-tenant occupancy, offering privacy and control. The layout is thoughtfully designed, with approximately one-third dedicated to office space and the remaining two-thirds providing ample warehouse area. Its strategic location offers easy access to major transportation arteries, including Highway 1 and Highway 55, ensuring seamless logistics and convenient commutes. The property's proximity to the Raleigh-Durham International Airport (RDU), a mere 15-minute drive, further enhances its appeal. Situated in a high-demand area of Wake County, this flex space is an ideal solution for companies requiring a versatile and strategically located workspace. The property is classified as both office and industrial, and is a single-tenant building. This combination of office and warehouse space, coupled with its prime location and convenient access to major roadways and the airport, makes this property a highly desirable asset in the competitive Apex market. Don't miss this chance to secure a well-positioned and functional space for your business.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1999
Construction METAL FRAME
Total area 2,832 SF
Lot 0.01 ac (436 SF)
Zoning code LI
APN 0751.09-16-6254 0253886
UPID US53-0383257

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • General Contractor

Location

1072 Classic Rd Apex, NC 27539-4401
Apex metro Census 53431 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LI · Apex, NC
Zoning description

A) LI Light Industrial District 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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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