Improved Commercial Land with
2024 Zebulon Road Zebulon, NC 27597
2024 Zebulon Road, Zebulon, NC, 27597
$1,250,000
For Sale
$1,250,000
LAND - Zebulon, NC
Property Size2,600 SF
Lot Size4.30 Acres
Price / SF$480.77
Days on Market730
Property Features for 2024 Zebulon Road
General Information
- Property type
- Land
- Property subtype
- Other
- Vegetation
- Wooded, Cleared
- Standard status
- Active
- APN
- 0055645
- Lot size
- 4.30 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PIN No. 1796756137
- Tax Annual Amount
- 2390
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Listing agency
Parrish Realty Company of Zebu
(919) 269-7439
Listed by
Michael Wrenn · License #176220
(919) 880-7050
Added: Jul 24, 2024 Updated: Jul 17 at 11:39AM Checked: Jul 23 at 2:06AM
MLS# 10043133
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale is an improved commercial land tract at 2024 Zebulon Road in Zebulon, NC. The property includes an existing 2,600 sq. ft. building and a 4.3-acre site, providing a ready starting point for redevelopment planning. Public remarks indicate the land is currently zoned residential, and that rezoning will be required to support the highest-and-best commercial use.
The property is positioned for visibility at a stop light on the corner of NC 96 and Pippin Rd, with surrounding uses described as a mix of commercial and growing residential subdivisions. This corner setting can support a variety of future commercial configurations once zoning is addressed.
If you are evaluating a site that combines available land area with an existing structure, this improved tract offers a defined parcel size and immediate physical improvements to review alongside the rezoning path.
The property is positioned for visibility at a stop light on the corner of NC 96 and Pippin Rd, with surrounding uses described as a mix of commercial and growing residential subdivisions. This corner setting can support a variety of future commercial configurations once zoning is addressed.
If you are evaluating a site that combines available land area with an existing structure, this improved tract offers a defined parcel size and immediate physical improvements to review alongside the rezoning path.
Key Highlights
- High traffic, prime location at a stop light on the corner of NC 96 and Pippin Rd.
- High visibility in the ''improved'' Zebulon business district.
- 4.3 acre tract with a 2600 sq. ft. building.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $24.60 |
| − Vacancy | −$10.7k | −$4.13 |
| EGI | $53.2k | $20.47 |
| − OpEx | −$13.3k | −$5.12 |
| NOI | $39.9k | $15.35 |
2,600 SF · lease $24.60/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$570.2K
$498.9K – $665.2K
NOI $39,911 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$742.4K
$649.6K – $866.1K
NOI $51,966 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Improved land tract for sale featuring an existing building and development-oriented corner visibility.
Where is this commercial land located?
The property is located at 2024 Zebulon Road Zebulon, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High traffic, prime location at a stop light on the corner of NC 96 and Pippin Rd.; High visibility in the ''improved'' Zebulon business district.; 4.3 acre tract with a 2600 sq. ft. building.
