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    Property profile & analytics
    OFF-MARKET Estimated value $620,000
    Investment properties

    1930 Salem St, Apex, NC 27523-8217

    2,513 SF 7 ac lot Built 1986
    Individually Owned 19-yr Hold Free & Clear
    Property ID
    US53-5724936
    Property summary
    AI-generated overview

    This exceptional 7-acre property in Apex, North Carolina, presents a unique investment opportunity. Currently featuring a fully leased building, the site boasts an approved site plan from the Town of Apex for six additional buildings, totaling 61,250 square feet of leasable space. The approved plan includes 200 parking spaces, 50 of which are covered. All buildings are designed for a two-story configuration with convenient elevator access. The property is zoned for Light Industrial use (APN: 0742788809) and offers a flexible space suitable for both traditional office and warehouse tenants. The entire 61,250 square feet is currently vacant and ready for immediate occupancy. Located at 1930 N Salem St, Apex, NC 27523, this prime location offers easy access to historic downtown Apex, Cary, downtown Raleigh, and RDU International Airport. This makes it an ideal location for businesses seeking a blend of accessibility and a thriving community. The property's size and zoning provide significant potential for future development and expansion within one of North Carolina's fastest-growing towns. This is a rare chance to acquire a substantial, versatile property in a high-demand area.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1986
    Construction FRAME
    Total area 2,513 SF
    Lot 7 ac (304,920 SF)
    Zoning code LI
    APN 0742.08-78-8809 0138783
    UPID US53-5724936
    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
    • Zig Zag Multimedia Marketing & Advertising (Bike/Boat/Book/etc) Store
    • CAS, Inc. Property Management Company
    • All News Medical Clinic
    • Life Stage Counseling Crisis Center Medical Clinic
    • Beth D Bowers Counseling, PLLC Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $836k
    Blend (final) Blend
    $620k
    Owner & transaction history
    Street Arboretum Condo Salem · 19 yrs held
    Street Arboretum Condo Salem
    since 2006
    5 recorded transactions
    2020
    2006
    $725,000
    2005
    $725,000
    1969
    1969
    Zoning & alternative use
    LI · Apex, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $870,000 +3.8%
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