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Property profile & analytics
OFF-MARKET
Turn key restaurants
414 Shepard School Rd, Zebulon, NC 27597-2700
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-5769394
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Construction
CONCRETE BLOCKS
Total area
3,056 SF
Lot
0.31 ac (13,504 SF)
Zoning code
HC
APN
2705.10-36-7327 0074784
UPID
US53-5769394
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
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
Armando Mejia · 5 yrs held
Armando Mejia
since 2021
Last sale
$100,000
7 recorded transactions
Zoning & alternative use
HC · 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
$1,676
Tax year 2023
Assessed value
$135,999
Assessed 2023
Previous assessed
$135,999
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$81,024
Assessed improvement
$54,975
Land market value
$81,024
Improvement market value
$54,975
Total market value
$135,999
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1954
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,056 SF
Lot
0.31 ac (13,504 SF)
Zoning code
HC
APN
2705.10-36-7327 0074784
UPID
US53-5769394
Jurisdiction
WAKE
Zoning & alternative use
HC · Zebulon, NC
Zoning HC · permitted uses
HC · 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
1954
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Armando Mejia
Individual
Mailing address
2416 VLG OF WAKEFIELD DR, ZEBULON, NC 27597-7335
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
Armando Mejia
—
Deed
related
$199,000 · Benchmark Community Bank
May 28, 2021
$120,000
Armando Mejia
Juan Mejia
Warranty Deed
related
$42,500 · Juan Mejia Etux
Dec 20, 2018
$100,000
Juan Mejia
Anchor Prop Of Raleigh LLC
Grant Deed
—
Oct 1, 2014
$96,000
Anchor Properties Of Raleigh LLC
Naimee,shahab
Grant Deed
—
Jan 21, 2014
$110,000
Shahab Naimee
Zamani,akbar M
Warranty Deed
$107,000 · Akbar M Zamani
Aug 6, 2012
—
Us Bk National Assn
Park Natl Bk
Quit Claim Deed
related
—
Aug 6, 2012
$50,000
Akbar M Zamani
Forecom Challenger INC
Grant Deed
—
Oct 1, 2009
$188,271
Park Natl Bk
Adams Ryan J
Trustees Deed
related
—
Apr 30, 2007
$240,000
Elionai Fuentes
Baker,tracey P & Gregg
Warranty Deed
$168,000 · Velocity Commercial Capital
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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