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

    107 W Horton St Zebulon, NC 27597

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,425,000

    8,170 SF industrial/flex building plus 0.64 acre lot.

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Joaquin Canals
    Source: Naiglobal

    Listing Agent: Joaquin Canals

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial/Flex Building in Downtown Zebulon

    Located in revitalized downtown Zebulon, this offering includes an 8,170 square foot industrial/flex freestanding building at 107 W Horton, and an adjacent 0.64 acre lot at 113 W Horton. The building, constructed in 1960, features a masonry exterior and a column-free interior with vaulted ceilings reaching 22 to 26 feet in height. It includes two drive-in doors, each 12 feet 10 inches tall and 10 feet 8 inches wide, positioned on the front and side of the building. The property benefits from 3-phase, 240 V power and includes bathrooms in the front of the building. The site is located 0.1 miles from downtown Zebulon, 1.3 miles from US Hwy 64/264, 12.9 miles from I-540, and 21.5 miles from downtown Raleigh. The frontage is 51 feet on 107 W Horton and 132 feet on 113 W Horton. These properties can be leased. The area surrounding the property and lot offers opportunities for industrial and flex space investors.
    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, Gourmet Chavalin

    Location Insight

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

    Nearby Similar for Sale

    • $389,000
      Pending

      Zebulon Duplex Investment Property

      Duplex in Zebulon, walking distance to shopping and restaurants.
      117 E Glenn St, Zebulon, NC 27597
      View Details
    • $850,000
      41.39 Acres

      Historic Mill Pond Storefront Property

      Storefront and single family residence on a historic mill pond.
      15258 Taylors Mill Rd, 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
    • $995,000
      9,017 SF

      Downtown Building in Booming Zebulon

      Versatile 9,017 SF building in Zebulon's vibrant downtown.
      120 West 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 St, Zebulon, NC 27597
      View Details
    • $595,000
      6,498 SF

      Downtown Zebulon Brick Building

      6,498 SF brick building in downtown Zebulon, North Carolina.
      117 W Vance St, 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
    • $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 W Horton St, Zebulon, NC 27597
      View Details
    • $395,000
      4,264 SF

      Downtown Zebulon Storefront

      Prime Retail Space, Vacant, High Visibility
      121 Vance St, Zebulon, NC 27597
      View Details
    • $595,000
      6,498 SF

      Downtown Zebulon Storefront Opportunity

      Historic building, 6,498 sq ft, vacant.
      117 Vance St, Zebulon, NC 27597
      View Details

    FAQs

    What type of property is this?
    Flex space - 8,170 SF industrial/flex building plus 0.64 acre lot.
    Where is this flex space located?
    The property is located at 107 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: - Freestanding 8,170 SF industrial/flex building with an additional 0.64 acre lot.; - High ceilings (22'-26') and column-free interior maximize usable space.; - Two drive-in doors (12'10" tall x 10'8" wide) provide convenient access.
    (919) 247-8833
    Request Owner's contact information
    107 W Horton St Zebulon, NC 27597
    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.
    107 W Horton St
    Zebulon, NC 27597
    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
    107 W Horton St Zebulon, NC 27597
    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

    We can help!
    Listing Contact
    Joaquin Canals
    (919) 247-8833
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!