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Property profile & analytics
OFF-MARKET
Estimated value
$5,715,000
Retail space
1439 University Dr, Burlington, NC 27215-8768
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-4026208
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
30,000 SF
Lot
3.41 ac (148,496 SF)
Zoning code
CB
APN
106852
UPID
US53-4026208
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
-
Ashley Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.72M
Owner & transaction history
Srtjr Burlington LLC · 1 yrs held
Srtjr Burlington LLC
since 2025
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
CB · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+57.4%
Auto repair, garage
$3.5M
+37.1%
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
$5,655,000
ML approach
$6,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,055,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,530,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$5.72M
Range $5.14M – $6.29M · ±10% · vs last sale $5.57M (Aug 20 2021)
Last sale anchor
$5.57M
Aug 20 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
$191 / 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
$17,776
Tax year 2023
Assessed value
$4,114,781
Assessed 2023
Previous assessed
$4,114,781
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,190,264
Assessed improvement
$2,924,517
Land market value
$1,190,264
Improvement market value
$2,924,517
Total market value
$4,114,781
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
30,000 SF
Lot
3.41 ac (148,496 SF)
Zoning code
CB
APN
106852
UPID
US53-4026208
Jurisdiction
ALAMANCE
Zoning & alternative use
CB · Burlington, NC
Zoning CB · permitted uses
CB · 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
COMMERCIAL (GENERAL)
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.41 ac
Current owner
From public records · entity-resolved
Srtjr Burlington LLC
Entity
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 17, 2025
$55,000
Srtjr Burlington LLC
Blujaz Investments LLC
Special Warranty Deed
$550,000 · Thomasville National Bank
Aug 20, 2021
—
Blujaz Investments LLC
Blujaz Investments LLC
Intrafamily Transfer
related
—
Jul 13, 2021
—
Bluejaz Investments LLC
Bluejaz Investments LLC
Intrafamily Transfer
related
$3,100,000 · Truist Bank
May 10, 2019
—
Blujaz Investments LLC
—
Deed
related
$3,495,000 · Us Bank National Association
Dec 28, 2018
$5,565,000
Blujaz Investments LLC
Scf Rc Funding III LLC
Grant Deed
$3,500,000 · Scf Rc Funding III LLC
Dec 18, 2006
$925,000
Burlington Investments LLC
Pgs Burlington II LLC
Grant Deed
related
$3,675,000 · Stillwater Nat'l Bk
Sep 21, 2005
$810,500
Pgs Burlington II LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 21, 2005
$47,056,500
Pgs Burlington LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Burlington Investments LLC
—
Deed Of Trust
related
$3,950,000 · Keybank USA
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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