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Property profile & analytics
OFF-MARKET
Estimated value
$9,160,000
Retail space
877 Gannon Ave, Zebulon, NC 27597-9314
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2101842
Property summary
AI-generated overview
This exceptional retail property, located at 877 E Gannon Ave in Zebulon, North Carolina (zip code 27597), offers a prime opportunity for businesses seeking a vibrant location in Wake County. The property, known as Zebulon Crossings, is a multi-tenant commercial building with a total of 4,200 square feet. Currently, there is 1,400 square feet of retail space immediately available for lease. This presents a fantastic chance to establish or expand your business in a thriving area. The property's convenient location provides excellent visibility and accessibility for customers. The building's design is well-suited for a variety of retail uses, offering ample space for display, inventory, and customer interaction. The 1,400 square foot vacant space is ready for immediate occupancy, allowing for a quick and efficient start to your business operations. This is an exceptional opportunity to secure a prominent retail presence in a growing community. Contact us today to schedule a viewing and explore the possibilities of establishing your business at this desirable location in Zebulon, NC. The property is classified as retail commercial space.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
CONCRETE BLOCKS
Total area
30,800 SF
Lot
3.79 ac (165,092 SF)
Zoning code
HC
APN
2705.08-97-2811 0357253
UPID
US53-2101842
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
-
Dr. Michael Watson Dental Office
-
Amy R. Kuchenreuther, DDS Dental Office
-
Christopher Clark Dental Office
-
Shoe Show Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Stylez For You Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.34M
CAP Approach
CAP
$8.41M
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$9.16M
Owner & transaction history
Cornerstone Family Investments 2 Ll · 3 yrs held
Cornerstone Family Investments 2 Ll
since 2022
Last sale
$8.8M
6 recorded transactions
Zoning & alternative use
HC · Zebulon, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+9.2%
Commercial (general)
$10.2M
+5.1%
Medical building
$10.0M
+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
$12,005,000
ML approach
$11,340,000
CAP Approach
CAP Return
Estimation
6%
$9,110,000
6.5%
$8,410,000
7%
$7,805,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,745,000
Current use
AUTO REPAIR, GARAGE
$10,640,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,245,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$10,010,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$9.16M
Range $8.24M – $10.08M · ±10% · vs last sale $8.80M (Oct 17 2022)
Last sale anchor
$8.80M
Oct 17 2022
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
$297 / 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
$64,432
Tax year 2023
Assessed value
$5,229,832
Assessed 2023
Previous assessed
$5,229,832
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,650,920
Assessed improvement
$3,578,912
Land market value
$1,650,920
Improvement market value
$3,578,912
Total market value
$5,229,832
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
2007
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
30,800 SF
Lot
3.79 ac (165,092 SF)
Zoning code
HC
APN
2705.08-97-2811 0357253
UPID
US53-2101842
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
$9.7M
AUTO REPAIR, GARAGE
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$10.0M
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
2007
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.79 ac
Current owner
From public records · entity-resolved
Cornerstone Family Investments 2 Ll
Entity
Mailing address
2843 CALLE HERALDO, SAN CLEMENTE, CA 92673-3534
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
$8,800,000
Cornerstone Family Investments 2 Ll
Pop Zebulon Crossings LLC
Special Warranty Deed
$4,000,000 · Symetra Life Insurance Co
Sep 17, 2019
$6,400,000
Pgp Zebulon Crossings LLC
Zebulon Cross Mlh LLC
Grant Deed
related
$4,800,000 · First Nat'l Bk/pa
Jul 26, 2018
—
Zebulon Cross Mlh LLC
Zebulon Crossings Lllp
Quit Claim Deed
related
—
Jul 26, 2018
$1,222,000
Mv Shopping Center LP
Zebulon Cross Djd LLC
Grant Deed
—
Feb 21, 2007
—
Zebulon Crossings
Zebulon Crossings
Quit Claim Deed
related
$4,800,000 · Bank Of America
—
—
Zebulon Crossings Lllp
—
Deed Of Trust
related
$3,700,000 · Branch Banking & Trust Co
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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