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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Warehouses
117 Vance St, Zebulon, NC 27597
Individually Owned
11-yr Hold
Free & Clear
Property ID
US53-0922768
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
James K Estes · 11 yrs held
James K Estes
since 2014
3 recorded transactions
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
$430,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$94 / 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
$4,247
Tax year 2023
Assessed value
$344,730
Assessed 2023
Previous assessed
$344,730
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$24,392
Assessed improvement
$320,338
Land market value
$24,392
Improvement market value
$320,338
Total market value
$344,730
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1919
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,650 SF
Lot
0.14 ac (6,098 SF)
Zoning code
DTC
APN
2705.14-34-5392 0011897
UPID
US53-0922768
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.
Building & site characteristics
From public records
Year built
1919
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
James K Estes
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 369, ZEBULON, NC 27597-0369
Ownership since
2014
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
Dec 2, 2014
—
James K Estes
Estes,sharon F
Quit Claim Deed
related
—
Dec 20, 2012
—
Charles W Estes
Estes,amos C & Nancy W
Quit Claim Deed
related
—
Dec 31, 2002
—
A Estes
Estes,a
Quit Claim Deed
related
—
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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