$800,000
●
Land -
For Sale
9816 Debnam Road
Zebulon, NC 27597
Studio
0 Bath
$4,116
Est. Monthly
About This Property
Rare opportunity to own more than 20 acres less than 30 minutes
from downtown Raleigh. Offering a blend of open land and mature
woods, the property is approximately 30% cleared and 70% wooded,
providing an ideal balance of usable acreage and natural privacy.
The wooded portions have been thoughtfully thinned, creating an
attractive, park-like setting that is easily walkable and
accessible throughout much of the property. Improvements include a
two-stall barn with living quarters, and ample space for
equestrian, recreational, residential, or investment uses. With R-2
zoning already in place, the property presents outstanding
potential for residential development, a private estate, family
compound, or hobby farm. Conveniently located near Raleigh while
offering the peace and privacy of country living, this is a unique
opportunity to secure a large tract in a highly desirable and
growing area. (Also listed in combination with 9820 Debnam Road.)
Unit Size
-
Days on Market
144 days
Land Size
20.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$188
HOA Dues
-
Year Built
-
Listed By
Eleanor Royster
Berkshire Hathaway HomeService
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (TMLS #10172666)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2026 | Listed by Berkshire Hathaway HomeService | $800,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Exterior Details
Other Structures: Barn(s), See Remarks
Lot Features: Agricultural, Level, Many Trees, Pasture, Wetlands, Partially Cleared, Driveway
Lot Size Area: 20.1
Lot Size Units: Acres
Lot Size Acres: 20.1
Lot Size Square Feet: 875552
Lot Size Dimensions: see survey
Water Source: Well
Financial Details
Tax Assessed Value: $352,000
Tax Annual Amount: $2,251
Utilities Details
Sewer : Septic Tank, Unknown
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Wake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Eleanor Royster, Berkshire Hathaway HomeService
Last Updated: 5 months ago
Data Source: TMLS, MLS# 10172666
Last Updated: 5 months ago
Data Source: TMLS, MLS# 10172666
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