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    Industrial/Flex Building in Revitalized Downtown Title is generated by Realmo AI

    107 & 113 W Horton St, Zebulon, NC 27597

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    For Sale
    $1,425,000

    Freestanding industrial/flex building with vacant lot in downtown Zebulon.

    Type:Industrial
    Property size:
    8,170 SF
    Price / SF:
    $174/SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Dec 3 at 5:55 am

    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

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    Listing Contact
    Ashley Reagin

    Listing agent Ashley Reagin License #382383

    Listing office Harry Norman Realtors

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Harry Norman Realtors

    HighLights

    • 8,170 SF Industrial/Flex freestanding building.
    • Located in revitalized downtown Zebulon.
    • 22‑26' vaulted ceiling with no columns.
    • .64 acre lot with 132' of frontage on W Horton Street.
    • Two drive‑in doors.
    • 50' of frontage on W Horton Street.

    Overview

    The property features an 8,170 square foot industrial/flex freestanding building constructed in 1960. Located in revitalized downtown Zebulon, the masonry building includes a 22 to 26-foot vaulted ceiling without columns. The building has two drive-in doors and two bathrooms. It has 50 feet of frontage on W Horton Street. Additionally, the offering includes a 0.64-acre lot situated between two buildings, featuring 132 feet of frontage on W Horton Street. The area surrounding the property and lot presents opportunities for industrial and flex space investors.

    Financial Insights

    Value Estimation Calculated for Flex RnD

    Conservative
    $970.2K
    NOI $87,321 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.25M
    NOI $87,321 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.75M
    NOI $87,321 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Flex RnD

    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 Use Scenarios

    Best Use
    Flex RnD
    $1.25M
    $1.09M – $1.46M (±1% cap)
    NOI $87,321 @ 7.0% cap · market cap 6.13%
    Second Best
    Warehouse
    $907.1K
    $793.7K – $1.06M (±1% cap)
    NOI $63,496 @ 7.0% cap · market cap 4.46%
    Theoretical Best
    Specialty Retail
    $2.33M
    $2.04M – $2.72M (±1% cap)
    NOI $163,292 @ 7.0% cap · market cap 11.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eft Analytical Chemists ... Laboratory Dell Rich Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • McLean's Ole Time Cafe 418 W Gannon Ave, Zebulon, NC 27597
    • Gourmet Chavalin 100 W Gannon Ave, Zebulon, NC 27597

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.3136579
    Latitude
    35.8216549

    FAQs

    What type of property is this?
    Flex space - Freestanding industrial/flex building with vacant lot in downtown Zebulon.
    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: 8,170 SF Industrial/Flex freestanding building.; Located in revitalized downtown Zebulon.; 22‑26' vaulted ceiling with no columns.
    More about this property
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