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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Retail space
209 Arendell Ave, Zebulon, NC 27597-2603
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5722163
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
CONCRETE BLOCKS
Total area
10,200 SF
Lot
0.26 ac (11,326 SF)
Zoning code
DTC
APN
2705.14-34-4922 0056471
UPID
US53-5722163
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
-
Jr Tire and Service LLC Auto Repair Shop
-
Olde Raleigh Distillery Brewery & Distillery Bar & Pub
-
Fantastic Wheels & Auto Accessories Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.46M
Owner & transaction history
Olde Arendell Holdings LLC · 6 yrs held
Olde Arendell Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
DTC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±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
$143 / 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
$6,467
Tax year 2023
Assessed value
$524,892
Assessed 2023
Previous assessed
$524,892
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$56,625
Assessed improvement
$468,267
Land market value
$56,625
Improvement market value
$468,267
Total market value
$524,892
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,200 SF
Lot
0.26 ac (11,326 SF)
Zoning code
DTC
APN
2705.14-34-4922 0056471
UPID
US53-5722163
Jurisdiction
WAKE
Zoning & alternative use
DTC · Zebulon, NC
Zoning DTC · permitted uses
DTC · 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
1964
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Olde Arendell Holdings LLC
Entity
Mailing address
916 PALACE GDN WAY, RALEIGH, NC 27603-2891
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Olde Arendell Holdings LLC
—
Deed
related
$1,621,900 · Aquesta Bk
Sep 25, 2019
$285,000
Olde Arendell Holdings LLC
Laroque,brandon & Amanda J
Warranty Deed
related
$242,250 · Aquesta Bk
Feb 22, 2017
—
Brandon S Laroque
—
Deed
related
$79,660 · Little Bk
Nov 15, 2013
$145,000
Brandon S Laroque
Prieto,rigo B & Maria C
Warranty Deed
$116,000 · Little Bank INC
Jun 6, 2011
—
Rigo B Prieto
Little River Investments INC
Warranty Deed
related
—
Apr 23, 2010
$140,000
Little River Investments INC
Ramirez,connie L
Warranty Deed
—
Apr 23, 2010
—
Connie L Ramirez
Sierra,alejandro I
Warranty Deed
related
—
Feb 3, 2010
$43,000
Alejandro I Sierra
Ramirez,connie L
Warranty Deed
—
Oct 23, 2008
—
Connie L Ramirez
Ramirez,juan C & Connie S
Quit Claim Deed
related
—
Aug 8, 2005
$240,000
Juan C Ramirez
Prieto,rigo B
Warranty Deed
$190,000 · Rigo B Prieto
—
—
Brandon S Laroque
—
Deed Of Trust
related
$79,660 · Little Bk
—
—
Olde Arendell Holdings LLC
—
Deed Of Trust
related
$1,621,900 · Aquesta 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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