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Property profile & analytics
FOR SALE
Commercial real estate

1205 North Salem St Apex, NC 27502

30.95 ac lot
Property ID
US53-2119191
Property summary
AI-generated overview

This exceptional 30.95-acre land parcel presents a remarkable opportunity for a mixed-use development in the thriving Apex, North Carolina market. Located on North Salem Street near US 64 Highway, this highly visible site boasts multiple access points from both All Wheel Drive and North Salem Street, ensuring excellent accessibility. The property's location within Wake County places it in a densely populated and rapidly growing affluent submarket of the Raleigh-Durham metro area. Future land use designations support a blend of medium to high-density residential development alongside commercial uses, including retail and office space. This presents an extraordinary opportunity to create a master-planned community that capitalizes on the area's strong demand for housing and commercial services. The expansive acreage allows for significant flexibility in design and development, catering to a wide range of project visions. The property's strategic location near Downtown Apex and major transportation arteries offers unparalleled convenience and connectivity. This is a truly exceptional opportunity to acquire a large, strategically located parcel in one of North Carolina's fastest-growing areas. The site's size and zoning potential make it ideal for a large-scale development project that will shape the future of Apex. The property is zoned to allow for a variety of uses, offering significant flexibility for developers.

Property profile
Verified
Property type Commercial real estate
Lot 30.95 ac (1,348,182 SF)
UPID US53-2119191
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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