Property profile

117 Vance St Zebulon, NC 27597

OFF-MARKET
Warehouses
Property ID
US53-0922768
6,650 SF 0.14 ac lot Built 1919
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,498-square-foot storefront property, located at 117 W Vance St in downtown Zebulon, North Carolina, presents a unique investment opportunity. The building, constructed in 1919, boasts a prominent location within the heart of Zebulon's commercial district. Currently vacant, this owner-user property offers significant potential for a variety of retail businesses. The building's solid brick construction reflects its enduring character and quality. The property sits on a 0.14-acre lot and is zoned DTC (Downtown Core), allowing for a range of commercial uses. With a total asking price of $595,000, this translates to a price per square foot of $91.57. The property's Property Identification Number (PIN) is 2705345392. This prime location offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs seeking a well-established space in a thriving community. The property's history and location combine to create a compelling investment opportunity in a rapidly growing area of Wake County. Serious inquiries are encouraged.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1919
Construction BRICK
Total area 6,650 SF
Lot 0.14 ac (6,098 SF)
Zoning code DTC
APN 2705.14-34-5392 0011897
UPID US53-0922768

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

117 Vance St Zebulon, NC 27597
Zebulon metro Census 54306 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
$795k
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2012
Price N/A
2002
Price N/A

Zoning & alternative use

DTC · Zebulon, NC
Zoning description

The Downtown Core (DTC) district is the cultural and commercial heart of Zebulon. It contains the oldest commercial structures of three to four stories organized in uniform fashion on grid streets. The need for segregati…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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