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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
125 Vance St, Zebulon, NC 27597
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-2202378
Property summary
AI-generated overview
This vacant, 14,085-square-foot warehouse building presents a compelling owner-user opportunity in Zebulon, NC. Located at 125 W Vance St, this single-story, 1983-built metal structure sits on a 0.32-acre lot and is zoned for Downtown Periphery use. The open floor plan is divided into two sections, offering flexibility for various industrial needs. The asking price is $989,500, translating to $70.25 per square foot. The property features one building with a total of 14,085 square feet, ideal for businesses seeking a functional and strategically located warehouse space. Its location in Wake County, NC, offers convenient access to major transportation routes and a thriving local economy. The property's parcel number is 2705344298. This is a rare chance to acquire a well-situated industrial property in a growing area. Don't miss this chance to own a versatile warehouse in a prime location. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1918
Construction
METAL FRAME
Total area
5,404 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DTP
APN
2705.14-34-4298 0076483
UPID
US53-2202378
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
$350k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$520k
Owner & transaction history
James Kenneth · 2 yrs held
James Kenneth
since 2024
1 recorded transaction
Zoning & alternative use
DTP · 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
$350,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$96 / 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
$9,518
Tax year 2024
Assessed value
$872,819
Assessed 2024
Previous assessed
$872,819
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$161,902
Assessed improvement
$710,917
Land market value
$161,902
Improvement market value
$710,917
Total market value
$872,819
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
1918
Construction
METAL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,404 SF
Lot
0.32 ac (13,939 SF)
Zoning code
DTP
APN
2705.14-34-4298 0076483
UPID
US53-2202378
Jurisdiction
WAKE
Zoning & alternative use
DTP · Zebulon, NC
Zoning DTP · permitted uses
DTP · 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
1918
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
James Kenneth
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 369, ZEBULON, NC 27597-0369
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
James Kenneth
James Kenneth Estes
Intrafamily Transfer
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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