Property profile

615 Gannon Ave Zebulon, NC 27597

OFF-MARKET
Hotels
Property ID
US53-2482618
2,998 SF 7.16 ac lot Built 1947
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Location

615 Gannon Ave Zebulon, NC 27597-2511
Zebulon metro Census 54306 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$850,000
2 recorded transactions
2024
$850,000
2011
Price N/A

Zoning & alternative use

HC · Zebulon, NC
Zoning description

$21

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.0M +65.3%
Commercial (general) $995,000 +59.2%
Medical building $975,000 +55.5%

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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