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    1088 Classic Rd Apex, NC 27539-4401
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    Property profile & analytics

    1088 Classic Rd, Apex, NC 27539-4401

    View on Map

    • Warehouses
    • 14,550 SF
    • 2.64 lot acres
    Off-Market
    Last Sale Sep 22, 2022
    $3,100,000
    Property ID
    US53-0526116
    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.

    Value Estimations
    $3,165,000
    Show details
    Cap Rate Potential
    2.8%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Renaissance Innovations, LLC / Corporate Office
    • Elite Performance Racing / Auto Repair Shop / Vehicle Inspection Center

    Property Details for 1088 Classic Rd

    Year built
    2007
    Construction
    METAL FRAME
    Lot size
    2.64 lot acres
    Zone code
    LI
    Property type
    Warehouses
    APN
    0751.09-16-0203 0355022
    APU
    751091602030355022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 22, 2022 $3,100,000 The Five & Nine Corp Hipex Properties LLC Special Warranty Deed $1.9M · American National Bank & Trust Co
    Nov 20, 2015 $1,525,000 Hipex Properties LLC Third Day LLC Grant Deed —
    Apr 25, 2007 — Third Day LLC Powell,h Brantley Warranty Deed $1.2M · Branch Banking & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $4,075,000
      ML approach
      $4,070,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,129,000
      Market price range: $1.78M - $4.82M
      AI Estimate
      $1,923,000
      Market price range: $842k - $2.44M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,520,000
      Current use
      AUTO REPAIR, GARAGE
      $5,025,000
      Change: +43% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,840,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $4,730,000
      Change: +34% Conversion: Difficult
      RETAIL STORES
      $3,150,000
      Change: -10% Conversion: Moderate

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


    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8281
    Latitude
    35.7178
    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
    $22,420
    $475,944
    $1,567,814
    $2,043,758
    -
    $475,944
    $1,567,814
    $2,043,758
    More about this property
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