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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Strip malls
1709 Church St Burlington, NC 27217
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2415781
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
20,250 SF
Lot
2.04 ac (89,080 SF)
Zoning code
I 2
APN
139715
UPID
US53-2415781
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
$2.21M
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$2.00M
Owner & transaction history
Spk2 Properties LLC · 1 yrs held
Spk2 Properties LLC
since 2024
4 recorded transactions
Zoning & alternative use
I 2 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+111.2%
Retail stores
$2.4M
+95.4%
Auto repair, garage
$2.3M
+83.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,390,000
6.5%
$2,205,000
7%
$2,050,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,245,000
Current use
RESTAURANT
$2,630,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$2,430,000
Change: +95% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,285,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$2,095,000
Change: +68% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,035,000
Change: +64% · Conversion: Easy
MEDICAL BUILDING
$1,270,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10%
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
$99 / 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
$7,713
Tax year 2023
Assessed value
$1,785,503
Assessed 2023
Previous assessed
$1,785,503
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$193,125
Assessed improvement
$1,592,378
Land market value
$193,125
Improvement market value
$1,592,378
Total market value
$1,785,503
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
20,250 SF
Lot
2.04 ac (89,080 SF)
Zoning code
I 2
APN
139715
UPID
US53-2415781
Jurisdiction
ALAMANCE
Zoning & alternative use
I 2 · Burlington, NC
Zoning I 2 · permitted uses
I 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2005
Heating
YES
Cooling
Yes
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Spk2 Properties LLC
Entity
Mailing address
PO BOX 17119, CHAPEL HILL, NC 27516-7119
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
Dec 9, 2024
$2,500,000
Spk2 Properties LLC
Pgp Stratford Plaza LLC
Special Warranty Deed
$1,700,000 · First Bank
Jan 31, 2020
$1,865,000
Pgp Stratford Plaza LLC
Stratford Plaza LLC
Warranty Deed
—
Oct 8, 2004
—
Stratford Plaza LLC
Morton,david M
Warranty Deed
$1,280,000 · Central Carolina Bk
—
—
Stratford Plaza LLC
—
Deed Of Trust
related
$1,145,000 · Branch Bk&tr
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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