106 Horton St Zebulon, NC 27597
This exceptional investment opportunity presents a fully leased, two-story retail and office building located at 106 W Horton St, Zebulon, NC 27597. The property, built in 1914, encompasses 5,276 square feet on a 0.69-acre lot and is zoned CX. Currently boasting 100% occupancy with four tenants, each occupying 1,184 square feet, the building offers a strong net operating income (NOI) of $65,864, resulting in a 7.33% cap rate. The asking price is $899,000, translating to $170.39 per square foot. Situated in a high-traffic area with excellent frontage and visibility, this property benefits from its proximity to major employers including GlaxoSmithKline, Walmart Supercenter, Siemens Energy, and US Foods. Its convenient location, within 25 minutes of Downtown Raleigh and Research Triangle Park, and its accessibility via US-64/264, make it an attractive investment for discerning buyers. The building's multi-tenant structure provides diversification and stability, while the strong occupancy rate ensures immediate cash flow. This prime mixed-use property offers a compelling combination of location, income, and growth potential.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.