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Property profile & analytics

120 Vance St Zebulon, NC 27597

  • Warehouses
  • 9,017 SF
  • 0.23 lot acres
Value Estimation
Last Sale
Apr 05, 2022
$720,000
Location Intelligence
Property ID
US53-0184089
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

  • Henry's Complete Auto Repair Llc / Auto Repair Shop

Property Details for 120 Vance St

Year built
1900
Construction
BRICK
Lot size
0.23 lot acres
Property size
9,017 SF
Zone code
DTC
Property type
Warehouses
APN
2705.14-34-4448 0027708
APU
2705143444480027708

Description

This unique 9,000 square foot retail building at 120 W Vance Street in Zebulon, NC, presents a remarkable investment opportunity. Situated on a 0.23-acre lot, this property boasts a rich history as the former stables for the Town of Zebulon. Its character is undeniable, featuring exposed brick walls, high open timber-frame ceilings, and slab floors, creating a captivating atmosphere. The building offers a blend of finished and unfinished space, providing flexibility for a variety of uses. Approximately half the building is already equipped with flooring, HVAC, and bathrooms, making it ideal for immediate occupancy. The other half offers ample warehouse or storage space. Convenient grade-level drive-in doors are located at either end of the building, facilitating easy loading and unloading. Public parking is readily available within 100 feet, supplemented by ample free diagonal street parking. The property's location and unique features make it exceptionally well-suited for a brewery/pub, event space, entertainment venue, or any business requiring a combination of finished office/retail space and warehouse capabilities. The asking price is $6,000,000. This is a rare chance to acquire a historic building with significant potential in a thriving community.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $945,000
  • CAP approach

    CAP return
    Estimation
    6%
    $705,000
    6.5%
    $690,000
    7%
    $705,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $715,000
    Geo Method
    $715,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $805,000
    Retail
    $605,000
    Mixed-Use
    $810,000
    Hospitality
    $615,000
    Educational
    $695,000
    Residential Income
    $795,000
    Energy
    $580,000
    Income-Based Land
    $715,000
    Food Service
    $715,000

Location Insight

  • Map
  • Local Demand
City
Zebulon
County
Wake
State
North Carolina
Longitude
-78.3137
Latitude
35.8211
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
2024
$8,181
$149,784
$600,451
$750,235
-
$149,784
$600,451
$750,235
More about this property
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