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32213750
32213749

108 Justice Heights Street, Apex, NC 27502 For Sale

$675,000
78 days on market
Updated 78 days ago

108 Justice Heights Street

Details
APN 0741284866
Property Type Office, Special Purpose
Sub Type School
Square Footage 1,536
Units 1
Cap Rate 5.82%
NOI $39,295
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Expiration 08/31/2029
Rent Bumps Yes
Price per SqFt $425
Broker Co-Op True
Buildings 1
Stories 1
Acreage 0.180
Parking Spaces 5 per 1,000 sq ft
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 09/01/2025
Ground Lease No

Dream investment opportunity - Fully Leased Office near Apex downtown

Marketing description

Rare opportunity to acquire a fully leased Office & Institutional (O&I) investment property in the highly desirable and rapidly growing Apex submarket.

This ±1,536 SF standalone building is 100% occupied by Spectrum School, a specialized education program serving students with unique learning needs, providing stable tenancy and mission-driven occupancy.

The property has been successfully converted to O&I use, offering investors a repositioned asset aligned with long-term institutional demand. The site includes newly added parking and functional layout improvements, enhancing usability for current and future tenants.

Investment highlights

Stabilized Income Stream – Fully leased to Spectrum School (special needs program)

Passive Ownership – Minimal landlord responsibilities

Desirable O&I Zoning – Supports educational, office, and institutional uses

Converted from residential to commercial use

  • Minutes to downtown Apex
  • Positioned in a high-growth Wake County corridor

Standalone Asset – No shared walls, independent parking, flexible use

Tenant Stability – Specialized use with low turnover risk

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$39,295.00
$3,274.58/mo

Valuation Metrics

0
DSCR
5.82%
Cap Rate
5.82%
ROI

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Additional Information

Name
Parm Sandhar
License
217494
Brokerage
Regal Carolina Realty
Title
Broker of Record
Brokerage Address
441 W Williams St, Apex, NC 27502
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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