Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Burlington Land with Redevelopment Potential Title is generated by Realmo AI

    513 South Graham Hopedale Road, Burlington, NC 27217

    View on Map
    Claim this Listing
    For Sale
    $250,000

    0.299-acre lot in Burlington with office/institutional zoning.

    Type:Land / Commercial
    Lot size:
    0.30 Acres
    Added:
    May 15, 2026
    Days on Market:
    16
    Last Refresh:
    May 15 at 9:42 pm

    Property Features for 513 South Graham Hopedale Road

    General Information

    Standard status
    Active
    Lot size
    0.30 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Christopher Pappalardo

    Listing agent Christopher Pappalardo License #269486

    Listing office Keller Williams One

    Listing date May 15, 2026

    Source Compass

    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 Keller Williams One

    HighLights

    • Prime location directly across from Walmart and Murphy's gas station, ensuring high visibility and accessibility.
    • Office/Institutional zoning allows for diverse redevelopment or commercial applications.
    • 0.299‑acre lot provides ample space for development.
    • Existing home on the property offers immediate use or potential for integration into a new development.
    • Located at 513 S Graham Hopedale Road, Burlington, NC 27217, with convenient access to major roadways.
    • Close proximity to retail, restaurants, and services enhances convenience and attractiveness.

    Overview

    This 0.299-acre lot is located in Burlington and is zoned for office and institutional uses, offering potential for a variety of applications. The property includes an existing home. Positioned as the only property on the front of the block, it is directly across from a Walmart and Murphy’s gas station, providing visibility and access. This location presents a suitable opportunity for redevelopment or commercial use. The property is located at 513 S Graham Hopedale Road, Burlington, NC 27217, with close proximity to major roadways, retail, restaurants, and services.
    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 Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4064969
    Latitude
    36.0924862

    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
    • $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
    • $245,000
      1,011 SF

      Burlington Duplex: Investor Opportunity

      Duplex in Burlington, NC, offering income potential and convenient 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

    FAQs

    What type of property is this?
    Commercial land - 0.299-acre lot in Burlington with office/institutional zoning.
    Where is this commercial land located?
    The property is located at 513 South Graham Hopedale Road Burlington, NC.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime location directly across from Walmart and Murphy's gas station, ensuring **high visibility and accessibility**.; Office/Institutional zoning allows for diverse redevelopment or commercial applications.; 0.299‑acre lot provides ample space for development.
    (336) 525-1289
    We can help!
    Listing Contact
    Christopher Pappalardo
    Real Estate License ID: 269486
    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

    Thank You for Inquiry
    513 South Graham Hopedale Road, Burlington, NC 27217
    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!