Property profile

124 Vance St Zebulon, NC 27597

OFF-MARKET
Warehouses
Property ID
US53-5789721
6,350 SF 0.08 ac lot Built 1913
Individually Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,350-square-foot storefront property, located at 124 W Vance Street in the heart of Zebulon, North Carolina, presents a unique owner/user investment opportunity. The Class B building boasts a desirable Downtown Core zoning designation within Wake County (27597 zip code). The single-tenant space features a convenient drive-in door, perfect for loading and unloading, along with two offices, a dedicated conference room, and multiple bathrooms. A sizable second-floor mezzanine provides ample additional storage space, enhancing the building's functionality. Priced at $550,000, or $86.61 per square foot, this property is ideally suited for a contracting business requiring both office and showroom space. Its prime location, just two blocks from North Arendell Avenue, ensures high visibility and accessibility. The brick building offers a classic aesthetic and durable construction. This is a rare chance to acquire a well-appointed commercial space in a thriving downtown area. The property's features and zoning make it suitable for a variety of retail uses. Don't miss this chance to own a piece of Zebulon's vibrant commercial landscape.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1913
Construction BRICK
Total area 6,350 SF
Lot 0.08 ac (3,485 SF)
Zoning code DTC
APN 2705.14-34-4405 0010155
UPID US53-5789721

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

124 Vance St Zebulon, NC 27597-2844
Zebulon metro Census 54306 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$760k
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k

Owner & transaction history

since 2006
2 recorded transactions
2006
$10,000
1969
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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