Property profile

400 Gannon Ave Zebulon, NC 27597

OFF-MARKET
Warehouses
Property ID
US53-1077291
46,391 SF 8.8 ac lot Built 1954
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property in Wake County, North Carolina, offers a rare opportunity to lease warehouse space in a prime location. The property consists of four buildings totaling 148,004 square feet, situated on 10.67 acres of land. Currently, 32,000 contiguous square feet are immediately available, with a minimum divisible space of 10,000 square feet. The buildings, constructed in 1954, are well-maintained and feature desirable amenities. Each unit includes two dock doors and a convenient drive-in access point, streamlining loading and unloading operations. For enhanced safety and security, the entire building is equipped with a sprinkler system. Existing racking is in place, providing immediate storage solutions for tenants. This property presents a fantastic opportunity for businesses seeking efficient and well-appointed warehouse space in a thriving location. The property is located in Zebulon, NC, offering excellent access to major transportation routes and a strong local workforce. This is a multi-tenant building, providing a collaborative and dynamic environment.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1954
Construction BRICK
Total area 46,391 SF
Lot 8.8 ac (383,328 SF)
Zoning code HI
APN 2705.10-46-8163 0066152
UPID US53-1077291

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
  • Clothing Supplier

Location

400 Gannon Ave Zebulon, NC 27597-2708
Zebulon metro Census 54306 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.62M
CAP Approach CAP
$5.55M
Comparable Approach Comparable
$7.69M
Blend (final) Blend
$7.62M

Owner & transaction history

since 2024
Last sale
$7.6M
2 recorded transactions
2024
Price N/A
2024
$7.6M

Zoning & alternative use

HI · Zebulon, NC
Zoning description

The Heavy Industrial (HI) district is established to accommodate heavy manufacturing, assembly, fabrication, processing, distribution, storage, and research and development. It is typically located in areas with good acc…

General category INDUSTRIAL

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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