Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land in Zebulon Title is generated by Realmo AI

    510 N Arendell Avenue, Zebulon, NC 27597

    View on Map
    Claim this Listing
    For Sale
    $2,400,000

    COMMERCIAL - Zebulon, NC

    Lot size:
    3.79 Acres
    Added:
    May 1, 2026
    Days on Market:
    22
    Last Refresh:
    May 22 at 11:06 am

    Property Features for 510 N Arendell Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    DTP
    Standard status
    Active
    APN
    0054276 AND 0054274
    Lot size
    3.79 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LO5-8 & PT LT 4 BL14 LO9-14 PH20-26 SE14 BLD& PT L

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Michael Wrenn

    Listing agent Michael Wrenn

    Listing office Parrish Realty Company of Zebu 614 N Arendell Ave., Zebulon, NC

    Listing date May 1, 2026

    MLS# 10164136

    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.

    HighLights

    • Prime location at the corner of 106 E. Glenn St and 510 N. Arendell Ave, close to downtown.
    • Large 3.79‑acre site with approximately 1200 feet of street frontage on 4 streets.
    • Zoned DTP, allowing for a variety of uses including commercial, multi‑family, or mixed‑use developments.
    • Access to city water and sewer services.
    • Property consists of 2 tracts.
    • Cable Available

    Overview

    This property consists of two tracts totaling 3.79 acres, situated at the corner of 106 E. Glenn Street and 510 N. Arendell Avenue. The site benefits from frontage on four streets, totaling approximately 1200 feet, and is located close to downtown Zebulon, North Carolina. Zoned DTP, the property allows for a range of possible uses, including commercial, multi-family, or mixed-use developments. City water and sewer services are available around the site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -78.315525
    Latitude
    35.826279

    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
    • $275,000

      Zebulon Homesite with Acreage

      7.41-acre residential homesite in Zebulon, Wake County, near Raleigh.
      3828 Standing Pine LAne, Zebulon, NC 27597
      View Details
    • $320,000

      Spacious Wooded Land in Zebulon

      10+ acre lot near Flowers Plantation, ideal for custom home.
      285 Old Eason Road lot: 4, 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
    • $450,000

      Wooded Homesite in Zebulon

      4.53 acre wooded homesite ready for your dream home.
      7616 Mitchell Mill Road, Zebulon, NC 27597
      View Details
    • $250,000

      Commercial Land in Growing Zebulon

      Versatile 0.68-acre commercial land parcel in Zebulon, North Carolina.
      350 Pony Road, Zebulon, NC 27597
      View Details
    • $265,000

      Wake County Wooded Land

      2.76-acre lot for custom home in Zebulon, NC.
      Jaback, Zebulon, NC 27597
      View Details
    • $275,000

      Unrestricted Land in Zebulon, NC

      Nearly 4 acres of unrestricted land with road frontage.
      1000 Richardson Road, Zebulon, NC 27597
      View Details
    • $575,000
      2,339 SF

      Commercial Land in Zebulon, NC

      Prime corner lot zoned for heavy commercial use.
      1401 Shepard School Road, Zebulon, NC 27597
      View Details
    • $249,900

      Zebulon Vacant Land Homesite

      7.9-acre homesite in Zebulon, horses allowed, no HOA.
      3829 Standing Pine Lane, Zebulon, NC 27597
      View Details
    • $320,000

      Spacious Wooded Land in Zebulon

      10+ acre residential land parcel near Flowers Plantation shopping.
      285 Old Eason Road, Zebulon, NC 27597
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.79 acres of commercial land with development potential.
    Where is this commercial land located?
    The property is located at 510 N Arendell Avenue Zebulon, NC.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Prime location at the corner of 106 E. Glenn St and 510 N. Arendell Ave, close to downtown.; Large 3.79‑acre site with approximately 1200 feet of street frontage on 4 streets.; Zoned DTP, allowing for a variety of uses including commercial, multi‑family, or mixed‑use developments.
    (919) 880-7050
    We can help!
    Listing Contact
    Michael Wrenn
    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
    510 N Arendell Avenue, 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!