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    913 N Arendell Ave Zebulon, NC 27597
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    Property profile & analytics

    913 N Arendell Ave, Zebulon, NC 27597

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    • Investment properties
    • 6,160 SF
    • 0.75 lot acres
    For Sale
    $850,000
    View Listing →
    Visible Office Space, Zebulon NC For Sale
    $850,000
    6,000 SF

    Visible Office Space, Zebulon NC

    Highly visible office space in growing Zebulon, North Carolina.

    913 N Arendell Avenue, Zebulon, NC 27597
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Massey Funeral Home / Social Service Agency

    Property Details for 913 N Arendell Ave

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

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 3, 2023 — Grm Enterprises INC — Deed · related —
    Nov 14, 2022 — Grm Enterprises INC — Deed · related $56k · Frank T Massey
    Aug 19, 2022 — Grm Enterprises INC — Deed · related $392k · Welcome Cu
    Oct 25, 2005 $80,000 Grm Ents INC Massey,george R JR & Bobbie C Warranty Deed $400k · Liberty Alliance FCU
    — — Grm Ents INC — Deed Of Trust · related $394k · Liberty Alliance FCU
    — — Grm Ents INC — Deed Of Trust · related $25k · Liberty Alliance FCU
    — — Grm Ents INC — Deed Of Trust · related $392k · Members Heritage FCU

    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 estimation — 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
      $890,000
      7,020 SF

      107 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      107 Arendell Ave, Zebulon, NC 27597
      View Details
    • Value Estimation by Request
      1,484 SF

      210 Vance St

      OFFICE/RESIDENTIAL (MIXED USE)
      210 Vance St, Zebulon, NC 27597-2846
      View Details
    • Value Estimation
      $590,000
      2,867 SF

      614 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      614 Arendell Ave, Zebulon, NC 27597-2302
      View Details
    • Value Estimation by Request
      900 SF

      3800 Quarry Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      3800 Quarry Rd, Zebulon, NC 27597-7518
      View Details
    • Value Estimation by Request
      3,366 SF

      120 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      120 Arendell Ave, Zebulon, NC 27597-2602
      View Details
    • Value Estimation by Request
      1,593 SF

      812 Arendell Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      812 Arendell Ave, Zebulon, NC 27597-2306
      View Details

    Similar Nearby for Sale

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      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
    • $2,200,000
      Pending

      Mixed-Use Tract in Prime Location

      15.42 acre mixed-use tract in Zebulon, North Carolina.
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      Commercial Land in Growing Zebulon

      Versatile 0.68 acre parcel suitable for various business uses.
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      Corner Lot in Zebulon

      Corner lot with highway exposure in Zebulon, North Carolina.
      1113 Shepard School Rd, Zebulon, NC 27597
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    • $420,000
      12.02 Acres

      Franklin County Land Near Zebulon

      12.02 acres of cleared land near Zebulon, North Carolina.
      12 Acres Pearces Rd, Zebulon, NC 27597
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Ready Land Development

      Prime commercial land for retail development in Zebulon, NC.
      709 E 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
    View Listing
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    Zebulon, NC 27597
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    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.

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