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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Hotels
615 Gannon Ave, Zebulon, NC 27597-2511
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2482618
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1947
Construction
CONCRETE BLOCKS
Total area
2,998 SF
Lot
7.16 ac (311,890 SF)
Zoning code
HC
APN
1795.16-83-2846 0030972
UPID
US53-2482618
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
$450k
CAP Approach
CAP
$425k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Sloan Land Holdings LLC · 1 yrs held
Sloan Land Holdings LLC
since 2024
Last sale
$850,000
2 recorded transactions
Zoning & alternative use
HC · Zebulon, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+65.3%
Commercial (general)
$995,000
+59.2%
Medical building
$975,000
+55.5%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
$460,000
6.5%
$425,000
7%
$395,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$625,000
Current use
AUTO REPAIR, GARAGE
$1,035,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$995,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$975,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$630,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $850k (May 1 2024)
Last sale anchor
$850k
May 1 2024
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
$208 / 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
$13,861
Tax year 2023
Assessed value
$1,125,069
Assessed 2023
Previous assessed
$1,125,069
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,118,450
Assessed improvement
$6,619
Land market value
$1,118,450
Improvement market value
$6,619
Total market value
$1,125,069
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1947
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
4
Total area
2,998 SF
Lot
7.16 ac (311,890 SF)
Zoning code
HC
APN
1795.16-83-2846 0030972
UPID
US53-2482618
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$995,000
MEDICAL BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$630,000
OFFICE BUILDING
Est. value
$600,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
7.16 ac
Current owner
From public records · entity-resolved
Sloan Land Holdings LLC
Entity
Mailing address
1011 W GANNON AVE, ZEBULON, NC 27597-2130
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
$850,000
Sloan Land Holdings LLC
Tidewater Investors I LLC
Special Warranty Deed
$680,000 · Benchmark Community Bank
Apr 14, 2011
—
Tidewater Investors I LLC
Tidewater Investors LLC
Quit Claim Deed
related
—
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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