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Property profile & analytics
OFF-MARKET
Estimated value
$9,085,000
Medical Office Space
1041 Kirkpatrick Rd Burlington, NC 27215-8148
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-0758989
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
24,048 SF
Lot
2.96 ac (128,938 SF)
Zoning code
OI
APN
112933
UPID
US53-0758989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sarah Pardue, DO Pediatrician Physician
-
Angela Bacigalupo, MD Pediatrician Physician
-
Denny Rodenberg, MD Physician
-
Jose Piscoya, MD Physician
-
Seeplaputher Sankar Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.09M
Owner & transaction history
Alamance Regl Medical Ctr INC · 6 yrs held
Alamance Regl Medical Ctr INC
since 2020
Last sale
$9.8M
3 recorded transactions
Zoning & alternative use
OI · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.4M
+562.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,800,000
ML approach
$7,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,420,000
Change: +563% · Conversion: Moderate
Blend value · Realmo final
$9.09M
Range $8.18M – $9.99M · ±10% · vs last sale $9.84M (Apr 17 2020)
Last sale anchor
$9.84M
Apr 17 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$378 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,245
Tax year 2023
Assessed value
$4,454,855
Assessed 2023
Previous assessed
$4,454,855
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$567,900
Assessed improvement
$3,886,955
Land market value
$567,900
Improvement market value
$3,886,955
Total market value
$4,454,855
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
24,048 SF
Lot
2.96 ac (128,938 SF)
Zoning code
OI
APN
112933
UPID
US53-0758989
Jurisdiction
ALAMANCE
Zoning & alternative use
OI · Burlington, NC
Zoning OI · permitted uses
OI · Burlington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.96 ac
Current owner
From public records · entity-resolved
Alamance Regl Medical Ctr INC
Entity
Free & Clear · 6 yrs held
Mailing address
120 N ELM ST, GREENSBORO, NC 27401-2803
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2020
$9,841,000
Alamance Regl Medical Ctr INC
Triple C Investments LLC
Grant Deed
—
Dec 8, 2014
$250,000
Triple C Investments LLC
Rkvd LLC
Deed
$4,100,000 · American National Bank And Trust Co
Jul 13, 2010
$3,300,000
Triple C Investments LLC
Kirkpatrick Medical Group LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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