Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1111 Pemberton Hl Rd Ste, Unit 103 Apex, NC 27502-3958
    Back to Search
    Property profile & analytics

    1111 Pemberton Hl Rd Ste, Unit 103, Apex, NC 27502-3958

    View on Map
    • Medical Office Space
    • 1,430 SF
    • 0.01 lot acres
    Off-Market
    Property ID
    US53-5513947
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1111 Pemberton Hl Rd Ste

    Year built
    2002
    Construction
    BRICK
    Lot size
    0.01 lot acres
    Zone code
    PC-CU
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0732.12-86-0578 0301943
    APU
    732128605780301943

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 18, 2017 — Knauss-canady Family LLC Canady,david B Quit Claim Deed · related —
    May 28, 2014 $270,000 Canady,david B Blackwell Holdings LLC Warranty Deed $383k · Wells Fargo Bk
    May 14, 2008 $248,500 Blackwell Holdings LLC Ryan,john T & Julie A Grant Deed · related $224k · Crescent State Bank
    Jan 15, 2008 $248,500 Blackwell Holding LLC Ryan,john T & Julie A Warranty Deed $224k · Crescent State Bank
    Jun 21, 2006 $218,000 John T Ryan Ochoa,jose R & Martha E Warranty Deed $174k · Crescent St Bank
    — — Knauss-canady Family LLC — Deed Of Trust · related $285k · Wells Fargo Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8717
    Latitude
    35.7458
    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
    $2,975
    $0.00
    $271,151
    $271,151
    -
    $0.00
    $271,151
    $271,151

    Comparable in this City

    • Value Estimation by Request
      2,040 SF

      1021 Williams St Ste, Unit 104

      MEDICAL BUILDING
      1021 Williams St Ste, Apex, NC 27502-3956
      View Details
    • Value Estimation
      $930,000
      4,326 SF

      1000 Old Raleigh Rd

      MEDICAL BUILDING
      1000 Old Raleigh Rd, Apex, NC 27502-9216
      View Details
    • Value Estimation
      $2,785,000
      11,654 SF

      1801 Olive Chapel Rd

      MEDICAL BUILDING
      1801 Olive Chapel Rd, Apex, NC 27502-8586
      View Details
    • Value Estimation by Request
      1,710 SF

      1051 Pemberton Hl Rd Ste, Unit 102

      MEDICAL BUILDING
      1051 Pemberton Hl Rd Ste, Apex, NC 27502-4267
      View Details
    • Value Estimation by Request
      1,796 SF

      1001 Williams St Ste, Unit 102

      MEDICAL BUILDING
      1001 Williams St Ste, Apex, NC 27502-3978
      View Details
    • Value Estimation by Request
      1,796 SF

      1001 Williams St Ste, Unit 105

      MEDICAL BUILDING
      1001 Williams St Ste, Apex, NC 27502-3978
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,912 SF

      Apex Office Building For Sale

      Two-story office building with high visibility and versatile space.
      1701 Center St, Apex, NC 27502
      View Details
    • Contact for pricing
      1,016 SF

      Move-in Ready Office Condo

      Well-maintained office condo in prime, accessible Apex area.
      105 Salem Towne Ct, Apex, NC 27502
      View Details
    • $315,250
      Pending

      Apex Office Condo For Sale

      Townhome-style office condo near downtown Apex, suitable for professional services.
      130 Salem Towne Ct, Apex, NC 27502
      View Details
    • Contact for pricing
      1,477 SF

      Executive Suites Available For Sale

      Executive suites available for sale.
      800 W Williams St, Apex, NC 27502
      View Details
    • Contact for pricing

      Apex Mixed-Use Commercial Buildings

      Mixed-use commercial buildings for sale in desirable Apex location.
      1400-1480 Chapel Ridge Rd, Apex, NC 27502
      View Details
    • Contact for pricing

      Olive Chapel Professional Park

      Professional park property for sale in Apex, North Carolina.
      1400-1480 Chapel Ridge Rd, Apex, NC 27502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Apex Office Suites for Rent

      Office suites available in a prime Apex location.
      800 W Williams St, Apex, NC 27502
      View Details
    • $15 SF/Yr

      Apex Flex Space Available

      Flex space in prime industrial area, immediate occupancy.
      1000 Investment Blvd, Apex, NC 27502
      View Details
    • Contact for pricing
      1,456 SF

      Apex Office Sublease Opportunity

      Office suite available for sublease in Apex, North Carolina.
      1480 Chapel Ridge Rd, Apex, NC 27502
      View Details
    • $40 SF/Yr

      Prime Retail Space in Apex

      Retail space for lease in Apex, NC with high visibility.
      610 Chessie Sta, Apex, NC 27502
      View Details
    • Contact for pricing
      1,588 SF

      Retail Space Anchored by Lowes

      Neighborhood retail center with strong demographics and easy access.
      5432 Apex Peakway, Apex, NC 27502
      View Details
    • $18 SF/Yr

      Apex Flex Space Sublease

      Flex space available for sublease in SW Wake County.
      2047 Energy Dr, Apex, NC 27502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1111 Pemberton Hl Rd Ste, Unit 103
    Apex, NC 27502-3958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1111 Pemberton Hl Rd Ste, Apex, NC, 27502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!