1701 Center St, Apex, NC 27502
- Medical Office Space
- 10,912 SF
- 1.12 lot acres
Current Use by Public Records
- Studio U - Apex / Gym & Fitness Center
- Compleat Kidz / Physician
- Radysans, Inc / Medical Billing Service / Information Services
Property Details for 1701 Center St
- Year built
- 2004
- Construction
- BRICK
- Lot size
- 1.12 lot acres
- Zone code
- B1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 0751.05-19-2290 0062997
- APU
- 751051922900062997
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 26, 2022 | $2,600,000 | Kare Partners LLC | Gg Galla LLC | Special Warranty Deed | $2.2M · Regions Bank |
| Jan 6, 2017 | — | Rasi LLC | — | Deed · related | $493k · Fidelity Bk |
| Feb 17, 2014 | — | Gg Galla LLC | Galla,gowrisankar & Hemalatha | Quit Claim Deed · related | — |
| Aug 25, 2003 | $20,000 | Rasi LLC | — | Grant Deed · related | — |
| Mar 24, 2003 | — | Rasi LLC Et Al | Polavaram,raj | Grant Deed · related | — |
| Apr 8, 2002 | $250,000 | Polavaram,raj | Rhodes,thomas C | Trustees Deed | — |
| — | — | Rasi LLC | — | Deed Of Trust · related | $493k · Fidelity Bk |
| — | — | Rasi LLC | — | Deed Of Trust · related | $1.3M · Rbc Centura Bank |
Description
This exceptional Class A office building, situated on 1.35 acres in Apex, North Carolina, presents a unique investment opportunity. Boasting 10,912 square feet across two stories, this 2004-constructed building is zoned B1 and offers excellent visibility from the heavily traveled Center Street. The property is currently occupied by the seller, who will vacate upon closing, providing immediate occupancy for the new owner. The building's versatile design caters to both medical and traditional office uses, making it suitable for a wide range of businesses. Its prime location in Wake County, with easy access to major thoroughfares, ensures high traffic and strong potential for tenant attraction. The asking price for this turnkey property is $3,300,000. This represents a compelling opportunity to acquire a well-maintained, high-quality office building in a thriving North Carolina market. The single building structure is ready for immediate use or potential redevelopment, offering flexibility for future growth and expansion. The ample lot size provides additional parking and potential for future development. This is a rare chance to own a highly desirable commercial property in a rapidly growing area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,015,000
- ML approach
- $2,980,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,490,000
- 6.5%
- $2,295,000
- 7%
- $2,135,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,030,000
- AI Estimate
- $1,738,000
Market price range: $2.60M - $4.58MMarket price range: $1.63M - $3.02M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,545,000 Current use
- AUTO REPAIR, GARAGE
- $3,770,000 Change: +6% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,630,000 Change: +2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Apex
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8271
- Latitude
- 35.726
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
