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    1213 Shepard School Rd Zebulon, NC 27597

    For Sale
    $4,775,000

    LAND - Zebulon, NC

    Lot size:
    15.27 Acres
    Days on Market:
    124
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 1213 Shepard School Rd

    General Information

    Special listing conditions
    Real Estate Owned, In Foreclosure
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Real Estate Owned, In Foreclosure
    Standard status
    Active
    Vegetation
    Partially Wooded
    Lot size
    15.27 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer

    Parrish Realty Inc (919) 269-7439 [email protected]

    Listing agent Michael Wrenn (919) 880-7050

    Listing date Aug 5, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Zebulon Land Ready For Development

    This 15.27-acre site is located in the heart of Zebulon, North Carolina, one of the fastest-growing towns in Wake County. Situated in a central location between Raleigh, Wilson, and Rocky Mount, the property consists of three tracts: 4.76 acres, 7.08 acres, and 3.43 acres. The site fronts on Shepard School Road and is next to the proposed site for a 7-11 convenience store at the corner of Dogwood and Arendell Avenue. Water and sewer are available on the site. While currently zoned residential, the highest and best use of the tract is for commercial use, which would require rezoning. The seller will consider selling each individual tract separately, offering flexibility for potential development plans. This location presents a significant opportunity for a mixed-use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.316937
    Latitude
    35.835261

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    FAQs

    What type of property is this?
    Commercial land - Prime mixed-use development site in fast-growing Zebulon, Wake County.
    Where is this commercial land located?
    The property is located at 1213 Shepard School Rd Zebulon, NC.
    What is the asking price?
    The asking price for this property is $4,775,000.
    What are key features of this property?
    This property features: - Prime location in Zebulon, one of Wake County's fastest-growing towns.; - Suitable for mixed-use development.; - Located in a central area between Raleigh, Wilson, and Rocky Mount.
    (919) 880-7050
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1213 Shepard School Rd Zebulon, NC 27597
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