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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Drive through restaurants
1206 Arendell Ave Zebulon, NC 27597-8730
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0414392
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2010
Construction
BRICK
Total area
1,104 SF
Lot
0.47 ac (20,473 SF)
Zoning code
HC
APN
2706.17-00-6389 0376989
UPID
US53-0414392
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
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$925k
Owner & transaction history
Cook Out Zebulon INC · 4 yrs held
Cook Out Zebulon INC
since 2021
Last sale
$775,100
6 recorded transactions
Zoning & alternative use
HC · Zebulon, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$610,000
+2.1%
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
$1,100,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $775k (Jan 14 2020)
Last sale anchor
$775k
Jan 14 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
$838 / 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
$8,038
Tax year 2024
Assessed value
$737,064
Assessed 2024
Previous assessed
$737,064
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$412,531
Assessed improvement
$324,533
Land market value
$412,531
Improvement market value
$324,533
Total market value
$737,064
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2010
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,104 SF
Lot
0.47 ac (20,473 SF)
Zoning code
HC
APN
2706.17-00-6389 0376989
UPID
US53-0414392
Jurisdiction
WAKE
Zoning & alternative use
HC · Zebulon, NC
Zoning HC · permitted uses
HC · 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
RESTAURANT Current
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
2010
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Cook Out Zebulon INC
Entity
Free & Clear · 4 yrs held
Mailing address
15 LAURA LN STE #300, THOMASVILLE, NC 27360-5865
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$1,075,000
Cook Out Zebulon INC
Pma Properties LLC
Warranty Deed
—
Jan 14, 2020
—
Pma Properties LLC
Pma Properties II LLC
Quit Claim Deed
related
—
Aug 27, 2009
$200,000
Pma Properties II LLC
Roberson,elton M & Patricia G
Warranty Deed
$85,000 · Four Oaks Bank & Trust Co
—
—
Pma Properties II LLC
—
Deed Of Trust
related
$1,311,000 · Four Oaks Bank & Trust Co
—
—
Pamela M Benson
—
Deed Of Trust
related
$1,311,000 · Four Oaks Bank & Trust Co
—
—
Pma Properties LLC
—
Deed Of Trust
related
$1,311,000 · 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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