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    Property profile & analytics

    1233 Webb Ave Burlington, NC 27217-1150

    • Turn key restaurants
    • 3,000 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US53-0289187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grill Worx / Family Restaurant / Breakfast Restaurant
    • American Tower Mill Mopole NC / Communications Central
    • Grill Works / Restaurant
    • Sanaa Janitorial and Maintenance LLC / Corporate Office

    Property Details for 1233 Webb Ave

    Year built
    1965
    Lot size
    0.52 lot acres
    Property size
    3,000 SF
    Property type
    Turn key restaurants
    APN
    125204
    APU
    125204

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $295,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $310,000
      Mixed-Use
      $345,000
      Hospitality
      $320,000
      Educational
      $280,000
      Residential Income
      $375,000
      Energy
      $330,000
      Income-Based Land
      $270,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4535
    Latitude
    36.1043
    CBSA code
    15500
    CBSA name
    BURLINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $929
    $50,181
    $164,856
    $215,037
    -
    $50,181
    $164,856
    $215,037

    Comparable in this City

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      $210,000
      848 SF

      1609 Church St

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      6,224 SF

      142 Graham Hopedale Rd

      RESTAURANT • 6,224 SF
      142 Graham Hopedale Rd, Burlington, NC 27217-2940
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    • Value Estimation
      $185,000
      1,200 SF

      1356 Church St

      RESTAURANT • 1,200 SF
      1356 Church St, Burlington, NC 27217-2804
      View Details
    • Value Estimation
      $225,000
      1,080 SF

      1610 Church St

      RESTAURANT • 1,080 SF
      1610 Church St, Burlington, NC 27217-2921
      View Details
    • Value Estimation
      $195,000
      5,959 SF

      274 Graham Hopedale Rd

      RESTAURANT • 5,959 SF
      274 Graham Hopedale Rd, Burlington, NC 27217-2941
      View Details
    • Value Estimation by Request
      1,309 SF

      1552 Webb Ave

      RESTAURANT • 1,309 SF
      1552 Webb Ave, Burlington, NC 27217-1104
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Burlington Land For Sale

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      Residential Lot with Existing Building

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    Similar Nearby for Lease

    • $9 SF/Yr
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      Office and retail space in downtown Burlington with parking.
      707 S Main St, Burlington, NC 27217
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    • $7 SF/Yr
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      Versatile Burlington Building For Lease

      Adaptable commercial space suitable for office, warehouse, or retail use.
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      View Details
    • Contact for pricing
      1,170 SF

      Retail Space in New Market

      Retail space available in New Market Square.
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    • $4 SF/Yr
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      Burlington Industrial Property For Sale

      68,135 SF Manufacturing/Warehouse in NC
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    • $25,550
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      Burlington Manufacturing and Warehouse Space

      Manufacturing and warehouse space with highway access in Burlington, NC.
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    • $4 SF/Yr
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      Burlington Warehouse Space Available

      30,000 SF warehouse space for lease in Burlington.
      2119 Webb Ave, Burlington, NC 27217
      View Details
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    1233 Webb Ave
    Burlington, NC 27217-1150
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    Realmo Value Estimation

    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.

    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.

    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
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