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Property profile & analytics
OFF-MARKET
Commercial real estate

1475 Lewter Shop Rd Apex, NC 27523

Property ID
US53-0840487
Property summary
AI-generated overview

This exceptional 5-acre parcel of undeveloped land presents a unique investment opportunity in the thriving West Cary/Apex area of Chatham County. Zoned for recreational, sports, and gaming uses, this single-tenant property offers significant potential for developers and investors seeking a prime location for a variety of entertainment-focused ventures. The expansive acreage provides ample space for ambitious projects, allowing for creative design and flexible development plans. Its strategic location within the rapidly growing West Cary/Apex corridor ensures high visibility and accessibility, attracting a large pool of potential customers. The property is currently available for a ground lease, offering a flexible and potentially lucrative investment structure. This presents a chance to capitalize on the increasing demand for recreational facilities in this dynamic area. Serious inquiries are encouraged to explore the possibilities of this exceptional land offering. The property's undeveloped status allows for complete customization to suit a wide range of recreational concepts, from sports complexes to entertainment venues. Given the area's population growth and the lack of comparable properties, this represents a rare opportunity to establish a significant presence in a burgeoning market. The ground lease structure provides a streamlined path to ownership, minimizing upfront capital requirements and maximizing potential returns. Detailed information and lease terms are available upon request. Don't miss this chance to secure a prime piece of land in one of the fastest-growing areas of North Carolina.

Property profile
Verified
Property type Commercial real estate
UPID US53-0840487
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
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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