1701 Center St Apex, NC 27502
- Medical offices
- 10,912 SF
- 1.12 lot acres
Current Use by Public Records
- Studio U - Apex / Gym / Personal Trainer
- Compleat Kidz / Occupational Therapist / Applied Behavior Analysis Therapist
- Radysans, Inc / Medical Billing Service / Information Services
Property Details for 1701 Center St
- Year built
- 2004
- Construction
- BRICK
- Lot size
- 1.12 lot acres
- Property size
- 10,912 SF
- Zone code
- B1
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 0751.05-19-2290 0062997
- APU
- 751051922900062997
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,315,000
- 6.5%
- $2,580,000
- 7%
- $2,545,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,555,000
- Geo Method
- $2,720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,380,000
- Retail
- $2,400,000
- Mixed-Use
- $2,585,000
- Hospitality
- $2,315,000
- Educational
- $2,180,000
- Residential Income
- $2,905,000
- Energy
- $2,170,000
- Income-Based Land
- $2,460,000
- Food Service
- $2,400,000
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
