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    128 Vance St Zebulon, NC 27597

    • Warehouses
    • 15,625 SF
    • 0.46 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Value Estimation
    $865,000
    Last Sale
    Jul 14, 2023
    $779,500
    Location Intelligence
    Property ID
    US53-0743333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 128 Vance St

    Year built
    1987
    Construction
    METAL FRAME
    Lot size
    0.46 lot acres
    Property size
    15,625 SF
    Zone code
    DTP
    Property type
    Warehouses
    APN
    2705.14-34-3422 0010149
    APU
    2705143434220010149

    Description

    This exceptional 15,625-square-foot warehouse, located at 128-132 W Vance St in Zebulon, North Carolina, presents a unique opportunity for businesses seeking industrial space in Wake County. Built in 1987, this single-story building sits on a 0.64-acre lot and is zoned for Downtown Periphery use. The entire 15,625 square feet is currently vacant and available for lease, offering flexibility for various needs. The space is divisible to a minimum of 5,000 square feet, allowing for customization to suit different business sizes. Features include a generous 15-foot ceiling height, providing ample vertical space for storage or operations. Two dock-high doors ensure efficient loading and unloading of goods. The property's location in Zebulon offers convenient access to major transportation routes, making it an ideal location for distribution and logistics companies. This is a rare opportunity to secure a substantial warehouse space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $990,000

    • CAP approach

      CAP return
      Estimation
      6%
      $710,000
      6.5%
      $720,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $615,000
      Mixed-Use
      $825,000
      Hospitality
      $660,000
      Educational
      $615,000
      Residential Income
      $815,000
      Energy
      $780,000
      Income-Based Land
      $830,000
      Food Service
      $710,000

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.3142
    Latitude
    35.8209
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,372
    $81,146
    $354,888
    $436,034
    -
    $81,146
    $354,888
    $436,034

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      MINI-WAREHOUSE, STORAGE • 11,440 SF
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    • Value Estimation by Request
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      519 Industrial Dr

      WAREHOUSE, STORAGE • 4,020 SF
      519 Industrial Dr, Zebulon, NC 27597-2756
      View Details
    • Value Estimation
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      2,550 SF

      13096 Nc 96th N Hwy

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      13096 Nc 96th N Hwy, Zebulon, NC 27597-7423
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    • Value Estimation
      $205,000
      2,520 SF

      769 Richardson Rd

      WAREHOUSE, STORAGE • 2,520 SF
      769 Richardson Rd, Zebulon, NC 27597-8081
      View Details
    • Value Estimation
      $855,000
      18,176 SF

      112 Church St

      WAREHOUSE, STORAGE • 18,176 SF
      112 Church St, Zebulon, NC 27597-2612
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $7 SF/Yr
      15 SF

      Warehouse Space Available for Lease

      Warehouse space for lease in Zebulon, North Carolina.
      128 W Vance St, Zebulon, NC 27597
      View Details
    • $7 SF/Yr
      15,625 SF

      Prime Zebulon Warehouse Space

      15,625 SF Warehouse - Available Now
      128 Vance St, Zebulon, NC 27597
      View Details
    • $9 SF/Yr
      148,004 SF

      Prime Zebulon Warehouse Space

      10,000 - 32,000 SF Warehouse Available
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    • $1.00 SF/Yr
      66,149 SF

      Industrial Building in Zebulon, NC

      66,149 SF industrial building for lease in Zebulon.
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    • $1,800 /Mo
      1,263 SF

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      Second-floor office suite in historic downtown Zebulon.
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      2,013 SF

      Commercial Property on Highway 97

      Retail space for rent near Zebulon on busy Highway 97.
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    128 Vance St
    Zebulon, NC 27597
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    Realmo Value Estimation

    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.

    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.

    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
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