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    Property profile & analytics

    1515 Mebane St Burlington, NC 27215-7019

    • Apartment buildings
    • 9,672 SF
    • 10.77 lot acres
    OFF-MARKET
    Value Estimation
    $20,195,000
    Last Sale
    Mar 07, 2022
    $18,650,000
    Location Intelligence
    Property ID
    US53-1828956
    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

    • AT-TOP Roofing / Service Establishment / Roofing Contractor
    • Willow Creek Apartments / Apartment Rental Agency

    Property Details for 1515 Mebane St

    Year built
    1988
    Lot size
    10.77 lot acres
    Property size
    9,672 SF
    Zone code
    MF A
    Property type
    Apartment buildings
    APN
    122429
    APU
    122429

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $22,195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $20,175,000
      6.5%
      $18,730,000
      7%
      $18,140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $17,130,000
      Geo Method
      $20,245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $15,120,000
      Retail
      $17,500,000
      Mixed-Use
      $17,865,000
      Hospitality
      $14,380,000
      Educational
      $17,110,000
      Residential Income
      $18,290,000
      Energy
      $14,420,000
      Income-Based Land
      $14,990,000
      Food Service
      $15,730,000

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4497
    Latitude
    36.0803
    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
    $77,645
    $1,798,500
    $16,174,863
    $17,973,363
    -
    $1,798,500
    $16,174,863
    $17,973,363

    Comparable in this City

    • Value Estimation by Request
      26,280 SF

      120 Buckhill Vlg Dr

      APARTMENT HOUSE (5+ UNITS) • 26,280 SF
      120 Buckhill Vlg Dr, Burlington, NC 27215-8256
      View Details
    • Value Estimation by Request
      7,680 SF

      1528 Mebane St

      APARTMENT HOUSE (5+ UNITS) • 7,680 SF
      1528 Mebane St, Burlington, NC 27215-6498
      View Details
    • Value Estimation by Request
      20,748 SF

      1524 Mebane St

      APARTMENT HOUSE (5+ UNITS) • 20,748 SF
      1524 Mebane St, Burlington, NC 27215-6105
      View Details
    • Value Estimation
      $16,185,000
      43,680 SF

      Kirkpatrick Rd

      APARTMENT HOUSE (5+ UNITS) • 43,680 SF
      Kirkpatrick Rd, Burlington, NC 27215
      View Details
    • Value Estimation
      $21,860,000
      25,584 SF

      2008 Mebane St

      APARTMENT HOUSE (5+ UNITS) • 25,584 SF
      2008 Mebane St, Burlington, NC 27215-7614
      View Details
    • Value Estimation
      $18,865,000
      1,665 SF

      3102 Commerce Pl

      APARTMENT HOUSE (5+ UNITS) • 1,665 SF
      3102 Commerce Pl, Burlington, NC 27215-5157
      View Details

    Similar Nearby for Sale

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      Well-Maintained Condo in Prime Location

      First-floor, two-bedroom condo near shopping, dining, and parks.
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    • New
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    Similar Nearby for Lease

    • Contact for pricing
      6,870 SF

      2779 Church St

      Retail properties • 6,870 SF
      2779 Church St, Burlington, NC 27215
      View Details
    • $9 SF/Yr
      20,000 SF

      Burlington Warehouse Near I-40/I-85

      20000 SF warehouse with automatic gate, convenient highway access.
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      View Details
    • $9 SF/Yr
      24,000 SF

      Burlington Industrial Space Available

      24,000 square foot industrial property for lease.
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      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office property for rent with customizable build-out options.
      3060 S Church St, Burlington, NC 27215
      View Details
    • $4 SF/Yr
      250,000 SF

      Available Industrial Space Near I-85

      Up to 250,000 SF available near I-85 in Burlington, NC.
      2516 Industry Dr, Burlington, NC 27215
      View Details
    • $14 SF/Yr
      10,000 SF

      Furnished Office Building For Lease

      Multi-level, furnished office building with parking and easy interstate access.
      813 Chapel Hill Rd, Burlington, NC 27215
      View Details
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    Burlington, NC 27215-7019
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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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