Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9.91 Acres Commercial Land Title is generated by Realmo AI

    2843 Alamance Rd, Burlington, NC

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    9.91 acres of commercial land with water and sewer.

    Type:LAND
    Lot size:
    9.91 Acres
    Added:
    Apr 29, 2019
    Days on Market:
    2595
    Last Refresh:
    May 20 at 9:18 pm

    Property Features for 2843 Alamance Rd

    General Information

    Standard status
    Active
    Lot size
    9.91 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jeff Smith
    Jeff Smith

    Listing agent Jeff Smith License #237956

    Listing office Massey Commercial

    Listing date Apr 29, 2019

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Massey Commercial

    HighLights

    • 9.91 acres of land, ready for your vision
    • Water and sewer available
    • Easy access to I‑40/85
    • Located on NC Hwy 62 South
    • Close proximity to restaurants and shopping
    • PID#120472

    Overview

    This 9.91-acre commercial land parcel, identified by PID#120472, offers water and sewer availability. The property benefits from convenient access to I-40/85 and is situated on NC Hwy 62 South in Burlington, placing it in close proximity to restaurants and shopping. An AT&T easement crosses the property. Existing structures, including an old home and buildings, are considered to have no value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4716
    Latitude
    36.0613

    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
    • $859,900
      11,018 SF

      Burlington Mixed-Use Redevelopment Opportunity

      High-visibility property with showroom, warehouse, and residential space.
      736 S Main Street, Burlington, NC 27215
      View Details
    • $375,000
      3,508 SF

      Commercial Property on E. Webb Ave

      Commercial property with excellent visibility and convenient access on E. Webb.
      945 E Webb Avenue, Burlington, NC 27217
      View Details
    • $238,500
      1,608 SF

      Burlington Commercial Property For Sale

      O/I zoned commercial property with good visibility on busy street.
      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
    • $239,900
      1,011 SF

      Duplex With Dual Rental Income

      Two separate 1-bedroom units offer built-in rental income potential in a convenient Burlington location.
      204 W Holt Street, Burlington, NC 27217
      View Details
    • $750,000

      Commercial Land in Burlington, NC

      5.56 acres of commercial land with high visibility.
      N Nc 49 Highway, Burlington, NC 27217
      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?
    Land - 9.91 acres of commercial land with water and sewer.
    Where is this land located?
    The property is located at 2843 Alamance Rd Burlington, NC.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: 9.91 acres of land, ready for your vision; Water and sewer available; Easy access to I‑40/85
    (336) 214-0900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Smith
    Jeff Smith
    Real Estate License ID: 237956
    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

    Thank You for Inquiry
    2843 Alamance Rd, Burlington, NC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!