New search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Drive through restaurants
1513 Arendell Ave, Zebulon, NC 27597-8737
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-1907265
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2011
Construction
BRICK
Total area
3,901 SF
Lot
1.32 ac (57,499 SF)
Zoning code
LI
APN
1796.20-91-5297 0162505
UPID
US53-1907265
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
-
Bojangles Restaurant
-
Quality First Construction Inc Construction Company General Contractor
-
Experts Deck Installation, Repair & Remodeling Co. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$540k
Owner & transaction history
Tri-arc Food Systems INC · 16 yrs held
Tri-arc Food Systems INC
since 2009
2 recorded transactions
Zoning & alternative use
LI · 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$138 / 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
$24,371
Tax year 2023
Assessed value
$1,978,146
Assessed 2023
Previous assessed
$1,978,146
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$710,113
Assessed improvement
$1,268,033
Land market value
$710,113
Improvement market value
$1,268,033
Total market value
$1,978,146
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
2011
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
3,901 SF
Lot
1.32 ac (57,499 SF)
Zoning code
LI
APN
1796.20-91-5297 0162505
UPID
US53-1907265
Jurisdiction
WAKE
Zoning & alternative use
LI · Zebulon, NC
Zoning LI · permitted uses
LI · 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
2011
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.32 ac
Current owner
From public records · entity-resolved
Tri-arc Food Systems INC
Entity
Mailing address
4905 WATERS EDGE DR, RALEIGH, NC 27606-2405
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
—
Wildor Restaurant Group LLC
—
Deed
related
$4,460,138 · Signature Financial LLC
Nov 30, 2009
$545,000
Tri-arc Food Systems INC
Arendell North LLC
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1513 Arendell Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
