Property profile

1006 Main St Burlington, NC 27215

OFF-MARKET
Office buildings
Property ID
US53-5658001
1,452 SF 0.84 ac lot Built 1965
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional office building, situated at 1006 S Main Street in Burlington, NC, presents a compelling investment opportunity. The property boasts a prime location, offering convenient access to downtown Burlington's amenities and vibrant business community. The building itself sits on a nearly one-acre corner lot, providing ample space and visibility. A fenced backyard enhances privacy and security, while also offering additional outdoor space. The interior comprises approximately 600 square feet of versatile office space, including a welcoming front office area, two large rooms adaptable to various uses, a dedicated conference room perfect for meetings and presentations, a small kitchen for staff convenience, and two bathrooms. Adding to the property's unique features is a 600-square-foot greenhouse located in the backyard, offering potential for various uses. The building is further enhanced by a new roof installed in 2021, ensuring long-term structural integrity and minimizing maintenance concerns. This property is ideal for a variety of businesses seeking a well-maintained, spacious, and conveniently located office space in a thriving North Carolina city. The combination of prime location, ample space, and recent improvements makes this an attractive investment opportunity. The nearly one-acre lot offers potential for future expansion or development. Serious inquiries are encouraged.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 1,452 SF
Lot 0.84 ac (36,590 SF)
Zoning code O I
APN 125960
UPID US53-5658001

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

1006 Main St Burlington, NC 27215-5759
Burlington metro Census 20100 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2021
Last sale
$90,000
3 recorded transactions
2021
Price N/A
2006
$90,000
1969
Price N/A

Zoning & alternative use

O I · Burlington, NC
Zoning description

OI-LU Office Institutional-Limited Use NB-LU Neighborhood Business-Limited Use GB-LU General Business-Limited Use CBD-LU Central Business-Limited Use LI-LU Light Industrial-Limited Use MI-LU Medium Industrial-Limited Use…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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