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Property profile

1401 Kelly Rd Apex, NC 27502

OFF-MARKET
Drive through restaurants
Property ID
US53-4841345
4,361 SF 1.73 ac lot Built 2019
Entity Owned 7-yr Hold

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2019
Construction BRICK
Total area 4,361 SF
Lot 1.73 ac (75,359 SF)
Zoning code PC-CZ
APN 0732.03-13-0263 0439042
UPID US53-4841345

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
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$947k
Blend (final) Blend
$750k

Owner & transaction history

since 2019
7 recorded transactions
2024
Price N/A
2022
Price N/A
2019
$1.4M
2018
Price N/A
2017
Price N/A
2015
$2.2M
2015
Price N/A

Zoning & alternative use

PC-CZ · Apex, NC
Zoning description

ffice and Institutional Conditional Zoning District; B1-CZ Neighborhood Business Conditional Zoning District; B2-CZ Downtown Business Conditional Zoning District; B3-CZ Transitional Business Conditional Zoning District;…

General category COMMERCIAL

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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