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Property profile & analytics
FOR SALE
Warehouses
1550 Industry Dr Burlington, NC 27215
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1426240
For Sale
1 / 18
$1,900,000
1550 Industry Dr, Burlington, NC 27215
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
12,000 SF
Lot
3.72 ac (162,043 SF)
Zoning code
I 1
APN
122296
UPID
US53-1426240
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
-
RL Patterson Property Management Company
-
Mini Warehouses Of Alamance Storage Facility
-
Cirrus Carolina LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$900k
Owner & transaction history
Safe And Sound Properties LLC · 1 yrs held
Safe And Sound Properties LLC
since 2024
Last sale
$900,000
4 recorded transactions
Zoning & alternative use
I 1 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+95.6%
Office building
$1.2M
+63.3%
Retail stores
$1.0M
+42.7%
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$720,000
Current use
AUTO REPAIR, GARAGE
$1,415,000
Change: +96% · Conversion: Easy
OFFICE BUILDING
$1,180,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: +43% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$780,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Sep 20 2024)
Last sale anchor
$900k
Sep 20 2024
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
$75 / 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
$3,321
Tax year 2024
Assessed value
$708,087
Assessed 2024
Previous assessed
$708,087
+0.0% YoY
Effective rate
0.47%
On assessed value
Assessed improvement
$708,087
Improvement market value
$708,087
Total market value
$708,087
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1987
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
12,000 SF
Lot
3.72 ac (162,043 SF)
Zoning code
I 1
APN
122296
UPID
US53-1426240
Jurisdiction
ALAMANCE
Zoning & alternative use
I 1 · Burlington, NC
Zoning I 1 · permitted uses
I 1 · 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
WAREHOUSE, STORAGE Current
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$780,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1987
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.72 ac
Current owner
From public records · entity-resolved
Safe And Sound Properties LLC
Entity
Mailing address
1225 WILKESBORO BLVD, LENOIR, NC 28645-4728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2024
$900,000
Safe And Sound Properties LLC
Mark S Patterson
Warranty Deed
$1,041,685 · Charlotte Metro FCU
Mar 27, 2018
—
Mark S Patterson
—
Deed
related
$199,000 · Fidelity Bank
Oct 25, 2012
—
Mark S Patterson
Patterson,mark S
Quit Claim Deed
related
—
—
—
Patterson,jenny C & Mark S
—
Deed Of Trust
related
$335,000 · Vantagesouth 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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