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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail space
109 Vance St Zebulon, NC 27597-2843
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0323342
Property summary
AI-generated overview
Exceptional investment opportunity: a vacant 3,184-square-foot storefront located at 109 W Vance St, Zebulon, NC 27597. This single-story, Class B building, constructed in 1919, boasts a brick exterior and sits on a 0.07-acre lot. The property features a mostly open floor plan ideal for various retail uses, supplemented by a convenient rear storage area. The asking price is $299,296, translating to $94 per square foot. Situated in Wake County's Downtown Core zoning district, this location offers excellent visibility and accessibility within a thriving commercial area. The property's parcel number (APN) is 2705346398. This presents a rare chance to acquire a well-positioned retail space in a high-growth area, ready for immediate occupancy and customization to suit your business needs. The building's historical character combined with its modern zoning potential makes it a unique and attractive investment. Don't miss this chance to secure a prominent presence in Zebulon's bustling downtown.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1919
Construction
BRICK
Total area
3,325 SF
Lot
0.07 ac (3,049 SF)
Zoning code
DTC
APN
2705.14-34-6398 0021009
UPID
US53-0323342
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$635k
Owner & transaction history
Vance St LLC · 3 yrs held
Vance St LLC
since 2023
1 recorded transaction
Zoning & alternative use
DTC · Zebulon, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,050,000
Current use
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$191 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,242
Tax year 2024
Assessed value
$297,269
Assessed 2024
Previous assessed
$297,269
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$45,583
Assessed improvement
$251,686
Land market value
$45,583
Improvement market value
$251,686
Total market value
$297,269
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1919
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,325 SF
Lot
0.07 ac (3,049 SF)
Zoning code
DTC
APN
2705.14-34-6398 0021009
UPID
US53-0323342
Jurisdiction
WAKE
Zoning & alternative use
DTC · Zebulon, NC
Zoning DTC · permitted uses
DTC · 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
RETAIL STORES Current
Est. value
$1.1M
RETAIL STORES Current
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
1919
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Vance St LLC
Entity
Mailing address
310 W PO BOX 369TH RD, ZEBULON, NC 27597-0369
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$375,000
Vance St LLC
Charles W Estes
Special Warranty Deed
$150,000 · Southern 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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