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Property profile & analytics
FOR SALE
Medical Office Space

1701 Center St Apex, NC 27502

10,912 SF 1.12 ac lot Built 2004
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US53-1958331
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction BRICK
Total area 10,912 SF
Lot 1.12 ac (48,787 SF)
Zoning code B1
APN 0751.05-19-2290 0062997
UPID US53-1958331
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
  • Studio U - Apex Gym & Fitness Center
  • Compleat Kidz Physician
  • Radysans, Inc Medical Billing Service Information Services
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.98M
CAP Approach CAP
$2.30M
Comparable Approach Comparable
$3.03M
Blend (final) Blend
$2.76M
Owner & transaction history
Kare Partners LLC · 3 yrs held
Kare Partners LLC
since 2022
Last sale
$2.6M
7 recorded transactions
2022
$2.6M
2017
Price N/A
2014
Price N/A
2003
$20,000
2003
Price N/A
2002
$250,000
1969
Price N/A
Zoning & alternative use
B1 · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $3.8M +6.3%
Commercial (general) $3.6M +2.4%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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