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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Strip malls
1143 Saint Marks Church Rd Burlington, NC 27215-9819
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1159790
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
11,400 SF
Lot
3.87 ac (168,577 SF)
Zoning code
B2
APN
107003
UPID
US53-1159790
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$665k
Owner & transaction history
Phasequest Properties LLC · 1 yrs held
Phasequest Properties LLC
since 2025
Last sale
$14,500
7 recorded transactions
Zoning & alternative use
B2 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Burlington UDO 10 1 24
Top alternative use upside
Office building
$1.1M
+174.5%
Commercial (general)
$1.1M
+165.5%
Auto repair, garage
$980,000
+147.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,090,000
Change: +174% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,055,000
Change: +165% · Conversion: Easy
AUTO REPAIR, GARAGE
$980,000
Change: +148% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +121% · Conversion: Easy
MEDICAL BUILDING
$745,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $15k (Jan 30 2025)
Last sale anchor
$15k
Jan 30 2025
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
$58 / 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
$23,469
Tax year 2023
Assessed value
$5,432,743
Assessed 2023
Previous assessed
$5,432,743
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,114,825
Assessed improvement
$4,317,918
Land market value
$1,114,825
Improvement market value
$4,317,918
Total market value
$5,432,743
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
6
Bathrooms
2
Total area
11,400 SF
Lot
3.87 ac (168,577 SF)
Zoning code
B2
APN
107003
UPID
US53-1159790
Jurisdiction
ALAMANCE
Zoning & alternative use
B2 · Burlington, NCZoning B2 · permitted uses
B2 · Burlington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Burlington UDO 10 1 24
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$875,000
MEDICAL BUILDING
Est. value
$745,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2005
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Rooms
6
Bathrooms
2
Lot
3.87 ac
Current owner
From public records · entity-resolved
Phasequest Properties LLC
Entity
Mailing address
1149 F MARKS CHURCH RD, BURLINGTON, NC 27215
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
$14,500
Phasequest Properties LLC
The Wilson Collective LLC
Special Warranty Deed
$1,282,500 · First Bank
Nov 20, 2024
$3,200,000
Savannah West Jfs LLC
The Wilson Collective LLC
Special Warranty Deed
—
Nov 14, 2024
—
The Wilson Collective LLC
Savannah West LLC
Special Warranty Deed
—
Sep 2, 2021
—
Savannah West LLC
—
Deed
related
—
Dec 21, 2016
—
Savannah West LLC
—
Deed
related
$3,277,500 · Wells Fargo Bk
Jul 20, 2007
—
Savannah West LLC
Owner Name Unavailable
Grant Deed
related
—
Nov 27, 2006
—
Jmart Real Estate LLC Etal
Owner Name Unavailable
Grant Deed
related
—
—
—
Savannah West LLC
—
Deed Of Trust
related
$3,200,000 · American National Bank & Trust
—
—
Savannah West LLC
—
Deed Of Trust
related
$3,277,500 · Wells Fargo Bk
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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