Property profile

202 Arendell Ave Zebulon, NC 27597

OFF-MARKET
Retail space
Property ID
US53-3850837
6,110 SF 0.17 ac lot Built 1950
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,666 square foot retail storefront at 202 N. Arendell Ave., Zebulon, NC 27597, presents a unique investment opportunity. Situated in the heart of Downtown Zebulon, this single-tenant property boasts excellent visibility and high traffic counts, averaging 7,100 vehicles per day (VPD). The building, a single-story structure on a 0.17-acre lot, offers convenient street parking and access to an adjacent parking lot. Inside, the space includes two private bathrooms, catering to the needs of a variety of businesses. Its ideal for boutique retailers, specialty shops, or service-oriented businesses seeking a prominent location. The property's central location within a thriving commercial district, surrounded by complementary businesses, restaurants, and shops, ensures strong foot traffic and a vibrant atmosphere. The lease is a NNN lease. This property is located near the intersection of N. Arendell Ave. and Horton St. in Wake County. Don't miss this chance to secure a prime retail space in a rapidly growing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction CONCRETE BLOCKS
Total area 6,110 SF
Lot 0.17 ac (7,405 SF)
Zoning code DTC
APN 2705.10-35-6011 0030205
UPID US53-3850837

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
  • Discount Store (Bike/Boat/Book/etc) Store

Location

202 Arendell Ave Zebulon, NC 27597-2604
Zebulon metro Census 54306 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2020
Last sale
$265,000
3 recorded transactions
2020
$265,000
2020
Price N/A
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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