Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 W Vance St Zebulon, NC 27597

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $595,000

    6,498 SF brick building in downtown Zebulon, North Carolina.

    Type:Retail
    Property size:
    6,498 SF
    Price / SF:
    $91/SF
    Added:
    Nov 26, 2025
    Days on Market:
    156
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 117 W Vance St

    General Information

    Standard status
    Active
    Size
    6,498 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1919

    We can help!

    Listing Contact
    Moss Withers
    Moss Withers

    Listing agent Moss Withers License #262680

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Moss Withers

    Overview

    Downtown Zebulon Brick Building

    The property at 117 West Vance Street is a 6,498-square-foot brick building located in downtown Zebulon, North Carolina. Constructed in 1919, the building sits on a 0.14-acre site. It is located in downtown Zebulon, a suburb of Raleigh and the second fastest-growing town in North Carolina. The zoning is Downtown Core.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.3132
    Latitude
    35.8207

    Nearby Similar for Sale

    • $340,000
      1,546 SF

      Updated Duplex in Zebulon, NC

      Updated duplex with income potential in Zebulon, North Carolina.
      716 Shepard School Road, Zebulon, NC 27597
      View Details
    • $130,000

      Zebulon Land with Horse Amenities

      2.67 acres with fencing, barn, and pasture ready for horses.
      Johnson Town Road, Zebulon, NC 27597
      View Details
    • $130,000

      Zebulon Land with Horse Amenities

      2.67 acres with fences, barns, and pasture ready for horses.
      Johnson Town Road, Zebulon, NC 27597
      View Details
    • $389,000
      2,422 SF

      Zebulon Duplex Investment Property

      Duplex in Zebulon, walking distance to shopping and restaurants.
      117 E Glenn Street, Zebulon, NC 27597
      View Details
    • $395,000
      4,264 SF

      Downtown Zebulon Brick Building

      4,264 SF brick building in downtown Zebulon, North Carolina.
      121 W Vance St, Zebulon, NC 27597
      View Details
    • $550,000
      6,350 SF

      Downtown Zebulon Building For Sale

      6,350 SF building in downtown Zebulon with drive-in door.
      124 West Vance Street, Zebulon, NC 27597
      View Details
    • $989,500
      14,085 SF

      Downtown Zebulon Retail Building

      14,085 SF metal building in Zebulon, North Carolina.
      125 W Vance St, Zebulon, NC 27597
      View Details
    • $595,000
      11,000 SF

      Thirteen-Lot Mobile Home Park

      Mobile home park with potential, near Zebulon, North Carolina.
      99 Arrowhead, Zebulon, NC 27597
      View Details
    • $299,296
      3,183 SF

      Downtown Zebulon Retail Building

      3,184 SF building in a rapidly growing town.
      109 W Vance St, Zebulon, NC 27597
      View Details
    • $5,750,000
      52,358 SF

      Downtown Zebulon Buildings For Sale

      Five buildings available in downtown Zebulon, North Carolina.
      W Vance St, Zebulon, NC 27597
      View Details
    • $1,425,000
      8,170 SF

      Industrial/Flex Building in Revitalized Downtown

      Freestanding industrial/flex building with vacant lot in downtown Zebulon.
      107 & 113 W Horton St, Zebulon, NC 27597
      View Details
    • $850,000

      Historic Mill Pond Storefront Property

      Storefront and single family residence on a historic mill pond.
      15258 Taylors Mill Road, Zebulon, NC 27597
      View Details

    FAQs

    What type of property is this?
    Storefront property - 6,498 SF brick building in downtown Zebulon, North Carolina.
    Where is this storefront property located?
    The property is located at 117 W Vance St Zebulon, NC.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Located in downtown Zebulon, the second fastest‑growing town in North Carolina.; Large 6,498 SF brick building.; Downtown Core zoning.
    (919) 576-2501
    We can help!
    Listing Contact
    Moss Withers
    Moss Withers
    Real Estate License ID: 262680
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    117 W Vance St, Zebulon, NC 27597

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!