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Property profile & analytics
OFF-MARKET
Estimated value
$31,355,000
Apartment buildings
1168 Saint Marks Church Rd, Burlington, NC 27215-9796
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1034851
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Total area
47,520 SF
Lot
6.1 ac (265,716 SF)
Zoning code
B 2
APN
107085
UPID
US53-1034851
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
$19.21M
Blend (final)
Blend
$31.36M
Owner & transaction history
St Marks Crossing LLC · 4 yrs held
St Marks Crossing LLC
since 2021
Last sale
$36.2M
7 recorded transactions
Zoning & alternative use
B 2 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$36,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$31.36M
Range $28.22M – $34.49M · ±10% · vs last sale $36.20M (Oct 15 2021)
Last sale anchor
$36.20M
Oct 15 2021
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
$660 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$163,373
Tax year 2024
Assessed value
$34,834,279
Assessed 2024
Previous assessed
$34,834,279
+0.0% YoY
Effective rate
0.47%
On assessed value
Assessed land
$1,769,500
Assessed improvement
$33,064,779
Land market value
$1,769,500
Improvement market value
$33,064,779
Total market value
$34,834,279
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2019
Heating
YES
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
47,520 SF
Lot
6.1 ac (265,716 SF)
Zoning code
B 2
APN
107085
UPID
US53-1034851
Jurisdiction
ALAMANCE
Zoning & alternative use
B 2 · Burlington, NC
Zoning B 2 · permitted uses
B 2 · 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.
Building & site characteristics
From public records
Year built
2019
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
6.1 ac
Current owner
From public records · entity-resolved
St Marks Crossing LLC
Entity
Free & Clear · 4 yrs held
Mailing address
454 BLACK ANKLE RD, STAR, NC 27356-7723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$36,200,000
St Marks Crossing LLC
Burlington St Marks Apt Nc LLC
Special Warranty Deed
—
Oct 15, 2021
—
St Marks Crossing LLC
Burlington St Marks Apt Nc LLC
Quit Claim Deed
related
$26,750,000 · Latitude Management Real Estate Cap
Jan 11, 2019
$6,145,000
Burlington St Marks Apt Nc LLC
Burlington St Marks LLC
Trustees Deed
related
$41,050,638 · Trez Cap Fl Corp
Jun 1, 2017
$2,578,500
Burlington St Marks LLC
Overman,w Kendall & Jane F
Grant Deed
$3,500,000 · New Garden Market LLC
Jun 1, 2017
—
W Kendall Overman
Overman W Vastene
Quit Claim Deed
related
—
Jun 18, 2009
—
Overman Family Associates LLC
—
Loan Modification
related
$1,000,000 · Midcarolina Bk
May 30, 2008
—
Overman,w Vastene
—
Grant Deed
related
$2,000,000 · Midcarolina Bk
—
—
Overman Cabinet & Supply INC
—
Loan Modification
related
$2,000,000 · Midcarolina 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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