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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Office buildings
1006 Arendell Ave, Zebulon, NC 27597-2352
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1252721
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
BRICK
Total area
4,200 SF
Lot
0.48 ac (20,909 SF)
Zoning code
OI
APN
2705.05-18-8257 0018881
UPID
US53-1252721
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chet Williams Accounting & Tax Services Tax Preparation
-
Edward Jones - Financial Advisor: Brian T White, CFP®|CPWA® Financial Advisor
-
Jevita Terry Pediatrician Physician
-
Benchmark Community Bank (Loan Production Office) Bank Loan Service
-
Nana Arkhurst-Arthur Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$882k
Blend (final)
Blend
$905k
Owner & transaction history
F & C 7 LLC · 6 yrs held
F & C 7 LLC
since 2020
Last sale
$881,000
3 recorded transactions
Zoning & alternative use
OI · Zebulon, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+72.0%
Commercial (general)
$1.4M
+65.7%
Medical building
$1.4M
+61.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Zebulon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zebulon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,130,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
$1,145,000
6.5%
$1,060,000
7%
$980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$845,000
Current use
AUTO REPAIR, GARAGE
$1,450,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,395,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$1,365,000
Change: +62% · Conversion: Easy
RETAIL STORES
$1,330,000
Change: +58% · Conversion: Moderate
WAREHOUSE, STORAGE
$880,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $881k (Feb 28 2020)
Last sale anchor
$881k
Feb 28 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,107
Tax year 2023
Assessed value
$739,234
Assessed 2023
Previous assessed
$739,234
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$125,454
Assessed improvement
$613,780
Land market value
$125,454
Improvement market value
$613,780
Total market value
$739,234
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
4,200 SF
Lot
0.48 ac (20,909 SF)
Zoning code
OI
APN
2705.05-18-8257 0018881
UPID
US53-1252721
Jurisdiction
WAKE
Zoning & alternative use
OI · Zebulon, NC
Zoning OI · permitted uses
OI · Zebulon, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zebulon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$880,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
F & C 7 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8632 TERRITORY TRL, WAKE FOREST, NC 27587-4411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$881,000
F & C 7 LLC
S & J Holdings LLC
Warranty Deed
—
Aug 16, 2017
$700,000
S & J Holdings LLC
Olde Heritage Bldrs & Realty I
Warranty Deed
related
$1,375,000 · First Tn Bk
Jun 29, 2007
—
Heritage Bldrs Olde
Ray George M Living Trust
Warranty Deed
$640,000 · Four Oaks Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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