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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Specialty properties
1403 Arendell Ave Zebulon, NC 27597-8735
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-5361982
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1951
Construction
CONCRETE BLOCKS
Total area
5,625 SF
Lot
0.38 ac (16,553 SF)
Zoning code
HC
APN
2706.17-00-0800 0113608
UPID
US53-5361982
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
Current use
Occupant on record · Public records
-
Five County Spay and Neuter Clinic Veterinary Clinic
-
Zebulon Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$346k
Blend (final)
Blend
$565k
Owner & transaction history
Lnp INC · 1 yrs held
Lnp INC
since 2024
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
HC · Zebulon, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$21
Zone name
Heavy Commercial
General category
COMMERCIAL
Zone area
408.27 ac
Source
Realmo
Top alternative use upside
Medical building
$850,000
+61.6%
Commercial (general)
$840,000
+59.7%
Auto repair, garage
$750,000
+42.5%
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
$565,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$525,000
Current use
MEDICAL BUILDING
$850,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +42% · Conversion: Difficult
RESTAURANT
$735,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$715,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $565k (Oct 24 2024)
Last sale anchor
$565k
Oct 24 2024
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
$100 / 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
$6,591
Tax year 2023
Assessed value
$534,999
Assessed 2023
Previous assessed
$534,999
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$206,913
Assessed improvement
$328,086
Land market value
$206,913
Improvement market value
$328,086
Total market value
$534,999
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1951
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,625 SF
Lot
0.38 ac (16,553 SF)
Zoning code
HC
APN
2706.17-00-0800 0113608
UPID
US53-5361982
Jurisdiction
WAKE
Zoning & alternative use
HC · Zebulon, NCZoning HC · permitted uses
HC · Zebulon, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$21
Zone name
Heavy Commercial
General category
COMMERCIAL
Zone area
408.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$525,000
MEDICAL BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RESTAURANT
Est. value
$735,000
RETAIL STORES
Est. value
$715,000
VETERINARY, ANIMAL HOSPITAL Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1951
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Lnp INC
Entity
Free & Clear · 1 yrs held
Mailing address
4935 RALEIGH RD PKWY W, WILSON, NC 27896-9701
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
L N P INC
—
Deed
related
$598,500 · United Community Bank
Oct 24, 2024
$565,000
Lnp INC
Dvm Services Realty LLC
Special Warranty Deed
—
May 13, 2021
—
Dvm Services Realty LLC
—
Deed
related
$1,750,000 · Southern Bk
Jul 27, 2012
$325,000
Dvm Services Realty LLC
Regions Bk
Grant Deed
$292,500 · Four Oaks Bank & Trust Co
Dec 30, 2011
$357,500
Regions Bk
Russlaw LLC
Trustees Deed
related
—
Dec 7, 2007
$370,000
Todeka Investments INC
Zebulon Veterinary Assocs Pa
Warranty Deed
—
—
—
Dvm Services Realty LLC
—
Deed Of Trust
related
$200,000 · Four Oaks Bk&tr
—
—
L N P INC
—
Deed Of Trust
related
$60,000 · Four Oaks Bk&tr
—
—
Dvm Services Realty LLC
—
Deed Of Trust
related
$1,750,000 · Southern Bk
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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