Industrial Flex Freestanding
107 & 113 W Horton St Zebulon, NC 27597
107 & 113 W Horton St, Zebulon, NC, 27597
$1,425,000
For Sale
$1,425,000
Freestanding industrial/flex building with vaulted clear heights and two drive-in doors on a downtown Zebulon site.
Property Size8,170 SF
Price / SF$174.42
Days on Market155
Property Features for 107 & 113 W Horton St
General Information
- Standard status
- Active
- Size
- 8,170 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1960
Listing agency
Tri Properties
(919) 714-7126
Listed by
Jack Barnes
(919) 714-7126
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 23 at 4:17AM Checked: Jul 23 at 4:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tri Properties
Investment Insights
Based on property information with market context.
107 W Horton is an 8,170 RSF freestanding industrial/flex building with a vaulted ceiling and 22'–26' high interior clearance, with no columns. The masonry exterior includes two drive-in doors sized 12'10" tall by 10'8" wide, located on the front and side of the building. Bathrooms are positioned at the front of the building, and the property offers 3-phase, 240V power.
Also included is 113 W Horton, a 0.64-acre lot situated beside 107 W Horton, with frontage of 51' along 107 W Horton and 132' along 113 W Horton. The combined offerings are located in downtown Zebulon, with US Hwy 64/264 about 1.3 miles away and Downtown Raleigh approximately 21.5 miles from the property.
The buildings were constructed in 1960 and are suited to industrial and flex space investors seeking a downtown redevelopment setting, with the option for these properties to be leased.
Also included is 113 W Horton, a 0.64-acre lot situated beside 107 W Horton, with frontage of 51' along 107 W Horton and 132' along 113 W Horton. The combined offerings are located in downtown Zebulon, with US Hwy 64/264 about 1.3 miles away and Downtown Raleigh approximately 21.5 miles from the property.
The buildings were constructed in 1960 and are suited to industrial and flex space investors seeking a downtown redevelopment setting, with the option for these properties to be leased.
Key Highlights
- 107 W Horton: 8,170 SF freestanding industrial/flex building on 1960 build masonry exterior
- Clear ceiling height of 22' to 26' and no columns
- Two drive‑in doors at 12'10" tall x 10'8" wide, located on the front and side of the building
Local Financial Insights For Flex RnD
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 | $142.2k | $17.40 |
| − Vacancy | −$7.8k | −$0.96 |
| EGI | $134.3k | $16.44 |
| − OpEx | −$47.0k | −$5.76 |
| NOI | $87.3k | $10.69 |
8,170 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.25M
$1.09M – $1.46M
NOI $87,321 @ 7.0% cap · market cap 6.13%
Second Best
Warehouse
$907.1K
$793.7K – $1.06M
NOI $63,496 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,292 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Eft Analytical Chemists ...
Laboratory
Dell Rich
Accounting Firm
Similar For Sale Nearby
Similar Off Market Nearby
- McLean's Ole Time Cafe — 418 W Gannon Ave, Zebulon, NC 27597
- Gourmet Chavalin — 100 W Gannon Ave, Zebulon, NC 27597
FAQs
What type of property is this?
Flex space - Freestanding industrial/flex building with vaulted clear heights and two drive-in doors on a downtown Zebulon site.
Where is this flex space located?
The property is located at 107 & 113 W Horton St Zebulon, NC.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 107 W Horton: 8,170 SF freestanding industrial/flex building on 1960 build masonry exterior; Clear ceiling height of 22' to 26' and no columns; Two drive‑in doors at 12'10" tall x 10'8" wide, located on the front and side of the building
