New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Retail space
817 Gannon Ave, Zebulon, NC 27597-9309
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1808679
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
CONCRETE BLOCKS
Total area
7,381 SF
Lot
1.15 ac (50,094 SF)
Zoning code
HC
APN
2705.08-87-8558 0357254
UPID
US53-1808679
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
-
NC Eye Associates Physician
-
Anais Olivero Physician
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
FastMed Urgent Care Medical Clinic
-
Dr. Kevin Loflin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.98M
Owner & transaction history
Ajit Properties LLC · 7 yrs held
Ajit Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
HC · Zebulon, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+9.2%
Commercial (general)
$2.5M
+5.1%
Medical building
$2.4M
+2.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,185,000
6.5%
$2,015,000
7%
$1,870,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,335,000
Current use
AUTO REPAIR, GARAGE
$2,550,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,455,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$2,400,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±10%
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
$268 / 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
$18,638
Tax year 2023
Assessed value
$1,512,829
Assessed 2023
Previous assessed
$1,512,829
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$500,940
Assessed improvement
$1,011,889
Land market value
$500,940
Improvement market value
$1,011,889
Total market value
$1,512,829
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,381 SF
Lot
1.15 ac (50,094 SF)
Zoning code
HC
APN
2705.08-87-8558 0357254
UPID
US53-1808679
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
RETAIL STORES Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
2016
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Ajit Properties LLC
Entity
Mailing address
101 WHIRLAWAY LN, CHAPEL HILL, NC 27516-5777
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
—
Ajit Properties LLC
—
Deed
related
$2,077,121 · The Fidelity Bank
Jun 18, 2019
$2,675,000
Ajit Properties LLC
Zebulon Com Mlh LLC
Grant Deed
$2,140,000 · Branch Bk&tr
Jul 26, 2018
$536,000
Mv Shopping Center LP
Zebulon Com Djd LLC
Grant Deed
—
Jul 26, 2018
—
Zebulon Com Mlh LLC
Zebulon Commons Lllp
Quit Claim Deed
related
—
Apr 5, 2018
—
Zebulon Commons Lllp
—
Grant Deed
related
$50,000,000 · Us Bk
Nov 21, 2016
—
Zebulon Commons Lllp
Zebulon Crossings Lllp
Quit Claim Deed
related
—
Feb 21, 2007
—
Zebulon Crossing Ltd Ptshp
Owner,record
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 817 Gannon Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
