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Financial
Distress signals
Property profile

1701 Center St Apex, NC 27502

FOR SALE
Medical Office Space
Property ID
US53-1958331
10,912 SF 1.12 ac lot Built 2004
Last sale Jul 2022 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$22k
Tax billed · 2023
Assessed value$2.00M
Assessed land$381k
Assessed improvement$1.62M
Effective rate1.10%

Value estimate

· Oct 2026
$3.02M
$2.71M – $3.32M
AI approach$2.98M
CAP approach$2.30M
Submarket $/SF estimate$3.03M
NOI build-up
Gross scheduled income$268k
Vacancy & credit loss−$45k
Operating expenses−$56k
NOI · 5.08% cap applied$168k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$325/SF
County average, outlier-cleaned · 169 recorded sales of this use type
Observed band · Q1–Q3$239 – $420

Cap rate analysis

How does the asset earn?
5.08%
$168k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B1
B1 Neighborhood Business District The purpose and intent of the B1 Neighborhood Business District is to encourage the development of smal...
General categoryCOMMERCIAL
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.6
Hair Salon11.5
Nail Salon9.3

Location

1701 Center St Apex, NC 27502
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1000 American, Apex, NC 27502-7700 $3,495,000 Oct 2022 7,992 SF
2021 Shepherds Vineyard, Apex, NC 27502-6440 $2,000,000 Aug 2022 6,020 SF
500 Williams, Apex, NC 27502-1846 $1,320,000 Dec 2021 4,300 SF
1565 Orch Villas, Apex, NC 27502-4321 $5,515,500 Jul 2020 12,238 SF
1480 Kelly, Apex, NC 27502-9571 $6,000,000 Dec 2019 6,975 SF
1545 Orch Villas, Apex, NC 27502-4321 $7,364,700 Jul 2019 14,651 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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