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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Warehouses
128 Vance St, Zebulon, NC 27597-2844
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0743333
Property summary
AI-generated overview
This exceptional 15,625-square-foot warehouse, located at 128-132 W Vance St in Zebulon, North Carolina, presents a unique opportunity for businesses seeking industrial space in Wake County. Built in 1987, this single-story building sits on a 0.64-acre lot and is zoned for Downtown Periphery use. The entire 15,625 square feet is currently vacant and available for lease, offering flexibility for various needs. The space is divisible to a minimum of 5,000 square feet, allowing for customization to suit different business sizes. Features include a generous 15-foot ceiling height, providing ample vertical space for storage or operations. Two dock-high doors ensure efficient loading and unloading of goods. The property's location in Zebulon offers convenient access to major transportation routes, making it an ideal location for distribution and logistics companies. This is a rare opportunity to secure a substantial warehouse space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
METAL FRAME
Total area
15,625 SF
Lot
0.46 ac (20,038 SF)
Zoning code
DTP
APN
2705.14-34-3422 0010149
UPID
US53-0743333
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
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$721k
Blend (final)
Blend
$860k
Owner & transaction history
Sbb Real Estate Holdings LLC · 2 yrs held
Sbb Real Estate Holdings LLC
since 2023
Last sale
$779,500
6 recorded transactions
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
$990,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $780k (Jul 14 2023)
Last sale anchor
$780k
Jul 14 2023
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
$55 / 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
$5,372
Tax year 2023
Assessed value
$436,034
Assessed 2023
Previous assessed
$436,034
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$81,146
Assessed improvement
$354,888
Land market value
$81,146
Improvement market value
$354,888
Total market value
$436,034
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
1987
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
15,625 SF
Lot
0.46 ac (20,038 SF)
Zoning code
DTP
APN
2705.14-34-3422 0010149
UPID
US53-0743333
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
1987
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Sbb Real Estate Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
700 WASHINGTON ST, DURHAM, NC 27701-2148
Ownership since
2023
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
Jan 29, 2026
—
Sab Real Estate Holdings LLC
—
Deed
related
$250,000 · The Fidelity Bank
Jul 14, 2023
$830,000
Sbb Real Estate Holdings LLC
Robin S Estes
Special Warranty Deed
—
Jul 14, 2023
—
Sbb Real Estate Holdings LLC
Robin S Estes
Deed
—
Mar 21, 2023
—
James K Estes
Amos C Estes
Intrafamily Transfer
related
—
Jan 12, 2015
—
James K Estes
Estes,sharon F
Quit Claim Deed
related
—
Jan 12, 2015
$50,000
Amos C Estes
Estes,james K
Grant 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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