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Property profile & analytics
OFF-MARKET
Estimated value
$16,615,000
Apartment buildings
1720 Old Saint Marks Church Rd, Burlington, NC 27215-9408
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-2300265
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Total area
23,265 SF
Lot
20.45 ac (890,802 SF)
Zoning code
MF A
APN
107158
UPID
US53-2300265
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
-
Alamance Reserve Apartment Homes Apartment Complex Apartment Building
-
Carol Johnson The Body Shop at Home Restaurant
-
Oliver Dumpster Rental Waste Management Facility
-
Porter's Portraits & Real Estate Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.70M
Blend (final)
Blend
$16.62M
Owner & transaction history
Triangle Alamance Reserve LLC · 8 yrs held
Triangle Alamance Reserve LLC
since 2018
5 recorded transactions
Zoning & alternative use
MF A · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.62M
Range $14.95M – $18.28M · ±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
$714 / 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
$138,656
Tax year 2023
Assessed value
$32,096,358
Assessed 2023
Previous assessed
$32,096,358
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$2,283,900
Assessed improvement
$29,812,458
Land market value
$2,283,900
Improvement market value
$29,812,458
Total market value
$32,096,358
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
2
Total area
23,265 SF
Lot
20.45 ac (890,802 SF)
Zoning code
MF A
APN
107158
UPID
US53-2300265
Jurisdiction
ALAMANCE
Zoning & alternative use
MF A · Burlington, NC
Zoning MF A · permitted uses
MF A · 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.
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
20.45 ac
Current owner
From public records · entity-resolved
Triangle Alamance Reserve LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 4158, GASTONIA, NC 28054-0042
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2018
$25,000,000
Triangle Alamance Reserve LLC
Br Alamance Dst
Grant Deed
—
Feb 4, 2014
$19,700,000
Alamance Dst
Callicott Hunters Bridge LLC
Grant Deed
$12,805,000 · Keybank Nat'l Assn/edgewood
Apr 25, 2007
$17,100,000
Callicott Hunters Bridge LLC
Hunters Bridge LLC
Grant Deed
related
$14,000,000 · Laureate Cap
—
—
Denise G Andrews
—
Deed Of Trust
related
$36,506 · White Oak Management INC
—
—
Triangle Alamance Reserve LLC
—
Loan Modification
related
$12,805,000 · Federal National Mtg
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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