Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    913 Arendell Ave Zebulon, NC 27597

    • Investment properties
    • 6,160 SF
    • 0.75 lot acres
    For Sale
    View listing
    $850,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2221509
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Massey Funeral Home / Social Service Agency

    Property Details for 913 Arendell Ave

    Year built
    1916
    Lot size
    0.75 lot acres
    Property size
    6,160 SF
    Zone code
    DTP
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    2705.05-17-8818 0044725
    APU
    2705051788180044725

    Description

    This exceptional commercial property, located at 913 N Arendell Avenue in the thriving town of Zebulon, North Carolina, presents a unique investment opportunity. Boasting over 6,000 square feet of finished space, this building offers significant potential for a variety of businesses. Its prime corner lot location ensures high visibility and easy access, making it an ideal choice for companies seeking strong brand recognition. The property includes ample parking, a significant advantage in a busy commercial area. Its strategic location offers convenient proximity to major highways, ensuring effortless commutes for employees and clients alike. Furthermore, its close proximity to shopping centers and the vibrant downtown area provides added convenience and accessibility. The DTP zoning classification allows for a wide range of flexible uses, providing considerable adaptability for future business needs and expansion possibilities. This one-acre lot offers significant potential for future development or expansion of existing operations. The asking price of $850,000 represents a compelling investment opportunity in a rapidly growing area. Don't miss this chance to secure a prominent commercial presence in Zebulon, NC.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,310,000
      7%
      $1,215,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $705,000
      Market price range: $492k - $1.39M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.3191
    Latitude
    35.8305
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,641
    $197,000
    $260,871
    $457,871
    -
    $197,000
    $260,871
    $457,871

    Comparable in this City

    • Value Estimation by Request
      1,497 SF

      118 Sycamore St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,497 SF
      118 Sycamore St, Zebulon, NC 27597-2636
      View Details
    • Value Estimation by Request
      2,521 SF

      108 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,521 SF
      108 Arendell Ave, Zebulon, NC 27597-2602
      View Details
    • Value Estimation by Request
      1,344 SF

      901 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,344 SF
      901 Arendell Ave, Zebulon, NC 27597-2307
      View Details
    • Value Estimation by Request
      1,752 SF

      1000 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,752 SF
      1000 Arendell Ave, Zebulon, NC 27597-2310
      View Details
    • Value Estimation by Request
      1,286 SF

      914 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,286 SF
      914 Arendell Ave, Zebulon, NC 27597-2308
      View Details
    • Value Estimation by Request
      1,745 SF

      705 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,745 SF
      705 Arendell Ave, Zebulon, NC 27597-2303
      View Details

    Similar Nearby for Sale

    • $4,775,000
      15.27 Acres

      Zebulon Land Ready For Development

      Prime mixed-use development site in fast-growing Zebulon, Wake County.
      1213 Shepard School Rd, Zebulon, NC 27597
      View Details
    • $395,000
      4,264 SF

      Downtown Zebulon Storefront

      Prime Retail Space, Vacant, High Visibility
      121 Vance St, Zebulon, NC 27597
      View Details
    • $989,500
      14,085 SF

      Zebulon Warehouse: Prime Location

      14,085 SF Warehouse, Owner/User Opportunity
      125 Vance St, Zebulon, NC 27597
      View Details
    • $1,200,000
      1.92 Acres

      Commercial Land in Zebulon, NC

      Commercial land available in a prime Zebulon location.
      108 Pearces Rd, Zebulon, NC 27597
      View Details
    • $75,000
      1.02 Acres

      Residential Building Lot in Zebulon

      Over an acre building lot, bring your own builder.
      257 Fairhaven Dr, Zebulon, NC 27597
      View Details
    • $570,000

      57 Acres of Riverfront Timberland

      Mature timberland with Little River frontage in Johnston County.
      1 Covered Bridge Rd, Zebulon, NC 27597
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      15,625 SF

      Prime Zebulon Warehouse Space

      15,625 SF Warehouse - Available Now
      128 Vance St, Zebulon, NC 27597
      View Details
    • $7 SF/Yr
      15 SF

      Warehouse Space Available for Lease

      Warehouse space for lease in Zebulon, North Carolina.
      128 W Vance St, Zebulon, NC 27597
      View Details
    • $9 SF/Yr
      148,004 SF

      Prime Zebulon Warehouse Space

      10,000 - 32,000 SF Warehouse Available
      400 Gannon Ave, Zebulon, NC 27597
      View Details
    • $1,800 /Mo
      1,263 SF

      Downtown Zebulon Office Suite

      Second-floor office suite in historic downtown Zebulon.
      104 E Horton St, Zebulon, NC 27597
      View Details
    • $2,000 /Mo
      Pending

      Commercial Property on Highway 97

      Retail space for rent near Zebulon on busy Highway 97.
      13577 Nc 97, Zebulon, NC 27597
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    913 Arendell Ave
    Zebulon, NC 27597
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.