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Property profile & analytics
OFF-MARKET Estimated value $8,900,000
Investment properties

1500 Town Side Dr Apex, NC 27502-6604

34,435 SF 0.38 ac lot Built 2005
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US53-5322505
Property summary
AI-generated overview

This exceptional executive office suite, located at 1500 Town Side Dr, STE 301, Apex, NC 27502, presents a compelling investment opportunity. The 2,038 square foot space is priced at $800,000, translating to $392.54 per square foot. Situated in a Class B building constructed in 2005, this multi-tenant property offers a modified lease structure. The building itself is a three-story structure on a 0.38-acre lot, with the property identified by APN 0731686948 and zoned TND-CU. Convenience is enhanced by reserved parking located at the rear of the building. The property's location in Apex, Wake County, offers a prime business address. While the HOA fee for the past year totaled $2,392.47 ($398.74 per month for six months), this cost is offset by the property's strong location and cost-effective space. This presents a market advantage with transparent fees and added convenience. This is an excellent opportunity for a business seeking a well-located, efficient, and conveniently appointed office space.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2005
Construction BRICK
Total area 34,435 SF
Lot 0.38 ac (16,553 SF)
Zoning code TND-CU
APN 0731.07-68-6948 0347159
UPID US53-5322505
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
Current use
Occupant on record · Public records
  • International Wood Products Inc Big Box & Wholesale Store Building Supply
  • Broadcasting Experts Film Production Television Studio
  • Leahy Family Dentistry Dental Office
  • Dr. Shannon B. Leahy, DDS Dental Office
  • PEAK-topia Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.45M
Blend (final) Blend
$8.90M
Owner & transaction history
Hickory Steele LLC · 1 yrs held
Hickory Steele LLC
since 2025
5 recorded transactions
2025
$700,000
2021
Price N/A
2021
Price N/A
2020
Price N/A
2006
$249,000
Zoning & alternative use
TND-CU · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $11.9M +3.8%
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