Add Listing
    For Sale
    • 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

    3 N Mebane Street Burlington, NC 27215

    View on Map
    Pending
    $980,500

    COMMERCIAL - Burlington, NC

    Lot size:
    4.49 Acres
    Added:
    Sep 9, 2022
    Days on Market:
    1301
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for 3 N Mebane Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    171022
    Lot size
    4.49 Acres

    We can help!

    Listing Contact
    Jason Neil Scott

    Listing agent Jason Neil Scott

    Listing office Keller Williams Central 2280 S Church Street Suite 206, Burlington, NC

    Listing date Sep 9, 2022

    MLS# 124398

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burlington Commercial Land For Sale

    This 4.49-acre commercial land is located in a thriving business area within an opportunity zone. The property benefits from front road frontage and is zoned for light industrial use, making it suitable for a wide range of commercial business uses, including housing, retail, dining, clinics, health fitness, and offices. The site's location offers excellent traffic and is situated across the road from Walmart and other fast-food restaurants and businesses in Burlington, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.43098
    Latitude
    36.09108

    Nearby Similar for Sale

    • $495,000
      8,537 SF

      Downtown Burlington Retail/Office Opportunity

      Versatile retail/office space in downtown Burlington with build-out potential.
      347 S Main Street, Burlington, NC 27215
      View Details
    • $497,850
      4,500 SF

      Burlington Office Space For Sale

      Move-in-ready office space in Burlington's expanding market.
      2006 Maple Avenue, Burlington, NC 27215
      View Details
    • $690,000
      10,767 SF

      Versatile Industrial/Retail Property in Burlington

      Two-story, 10,767 SF property with potential for industrial or retail.
      130 E 5th Street, Burlington, NC 27215
      View Details
    • $255,000
      1,608 SF

      Burlington Commercial Property For Sale

      Commercial property with office spaces, kitchen, and detached garage.
      2012 Chapel Hill Road, Burlington, NC 27215
      View Details
    • $670,000
      5,000 SF

      Downtown Burlington Retail/Office Opportunity

      5,000 SF retail/office space in downtown Burlington, North Carolina.
      346 S Worth Street, Burlington, NC 27215
      View Details
    • $600,000

      Residential Development Land in Burlington

      5.8 acres of residential land for development in Burlington, NC.
      Kirkpatrick Road, Burlington, NC 27215
      View Details
    • $1,750,000
      11,184 SF

      Downtown Burlington Office Building

      Spacious office building in downtown Burlington, North Carolina.
      508 S Lexington Avenue, Burlington, NC 27215
      View Details
    • $375,000

      Vacant Land in Burlington, NC

      3.31+/- acres of vacant land with split zoning.
      Holly Hill Lane, Burlington, NC 27215
      View Details
    • $175,000

      Commercial Lot in Burlington, NC

      0.62-acre commercial lot with flexible use options.
      427 Rauhut Street, Burlington, NC 27217
      View Details
    • $185,250

      Burlington Buildable Lot For Sale

      5.61-acre buildable lot in Western Alamance School District.
      3 David Moore Road, Burlington, NC 27217
      View Details
    • $171,500

      Buildable Lot in Western Alamance

      5.06-acre lot in Western Alamance School District.
      4 David Moore Road, Burlington, NC 27217
      View Details
    • $219,000

      Buildable Lot in Western Alamance

      6.96-acre lot in Western Alamance School District.
      2 David Moore Road, Burlington, NC 27217
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.49 acre commercial land in thriving business area.
    Where is this commercial land located?
    The property is located at 3 N Mebane Street Burlington, NC.
    What is the asking price?
    The asking price for this property is $980,500.
    What are key features of this property?
    This property features: Located in Opportunity Zone (potential tax benefits); Development/redevelopment land in a thriving business area; Excellent traffic due to front road frontage
    (336) 327-0002
    We can help!
    Listing Contact
    Jason Neil Scott
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!