Property profile

1076 Classic Rd Apex, NC 27539

OFF-MARKET
Warehouses
Property ID
US53-0083809
2,670 SF 0.01 ac lot Built 1999
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional flex condo in Apex, North Carolina, offers a highly adaptable space ideal for a variety of businesses. Located at 1076 Classic Rd, Wake County, this single-tenant property boasts a flexible footprint ranging from 2,700 to 5,400 square feet. The property's design incorporates both office and industrial elements, making it suitable for creative office spaces, manufacturing operations, flex uses, warehouse storage, or research and development activities. A key feature is the inclusion of one drive-in door per unit, facilitating efficient loading and unloading of goods. The property is comprised of two units connected by a shared breakroom, offering potential for expansion or separation depending on tenant needs. Some outside storage or laydown yard space is also available, adding further utility. The property is situated in the 27539 zip code, offering convenient access to local amenities and transportation networks. Detailed specifications and floor plans are available upon request. This is a rare opportunity to secure a versatile and well-located commercial space in a thriving North Carolina market. Inquire today to learn more about this unique property and its potential to meet your business needs.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1999
Construction METAL FRAME
Total area 2,670 SF
Lot 0.01 ac (436 SF)
Zoning code LI
APN 0751.09-16-6254 0253888
UPID US53-0083809

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
  • Gas Station
  • Civil Engineer

Location

1076 Classic Rd Apex, NC 27539-4401
Apex metro Census 53431 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2003
2 recorded transactions
2003
$200,000
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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