5920 Old Smithfield Rd Apex, NC 27539
This exceptional 4.92-acre commercial land parcel presents a compelling investment opportunity in the thriving Apex, North Carolina market. Strategically located off Highway 55 Bypass, near the 540 Interchange, this property boasts exceptional visibility and high traffic counts, ensuring maximum exposure for any future development. The address is 5920 Old Smithfield Road, Apex, NC 27539, within Wake County. The property's location is surrounded by developing areas, indicating strong growth potential. The lot is identified by APN 0740.04-74-4347-000 and is currently zoned RR. It's important to note that re-zoning will be required for any intended use. The asking price for this prime commercial land is $1,400,000. This presents a unique chance to capitalize on the burgeoning Apex market and create a significant return on investment. Given its size, location, and high visibility, this property is ideal for a variety of commercial developments. Serious inquiries are encouraged to explore the possibilities of this exceptional offering.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.