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Property profile & analytics
FOR LEASE
Office buildings
229 Arendell Ave, Zebulon, NC 27597-2603
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-5630125
For Lease
1 / 18
$2,100/Mo
229 Arendell Ave, Zebulon, NC 27597-2603
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
BRICK
Total area
2,301 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DTC
APN
2705.10-35-3165 0016903
UPID
US53-5630125
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
-
My Beauty Genesis Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David Brantley & Sons INC · 4 yrs held
David Brantley & Sons INC
since 2022
Last sale
$300,000
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,334
Tax year 2023
Assessed value
$189,473
Assessed 2023
Previous assessed
$189,473
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$21,780
Assessed improvement
$167,693
Land market value
$21,780
Improvement market value
$167,693
Total market value
$189,473
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1950
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,301 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DTC
APN
2705.10-35-3165 0016903
UPID
US53-5630125
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
1950
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
David Brantley & Sons INC
Entity
Free & Clear · 4 yrs held
Mailing address
37 PNE RDG RD, ZEBULON, NC 27597-6117
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$300,000
David Brantley & Sons INC
Dewhim Ministries INC
Warranty Deed
—
May 6, 2015
$180,000
Dew4him Ministries INC
T & G Hinnant Properties LLC
Warranty Deed
$170,000 · T & G Hinnant Properties LLC
Mar 6, 2008
$149,000
T & G Hinnant Properties LLC
Hinnant,timothy A & Gail W
Warranty Deed
related
—
Jan 28, 2005
$149,000
Timothy A Hinnant
Matheny,robert S & Ann D
Warranty 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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