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Property profile & analytics
OFF-MARKET
Estimated value
$4,955,000
Turn key restaurants
1770 Glidewell Dr, Burlington, NC 27215-8245
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1004123
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Total area
7,409 SF
Lot
1.82 ac (79,105 SF)
Zoning code
CB
APN
106915
UPID
US53-1004123
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
-
Olive Garden Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$4.96M
Owner & transaction history
Fcpt Holdings LLC · 1 yrs held
Fcpt Holdings LLC
since 2025
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
CB · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.2M
+118.5%
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
$5,235,000
ML approach
$5,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,745,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,180,000
Change: +118% · Conversion: Difficult
Blend value · Realmo final
$4.96M
Range $4.46M – $5.45M · ±10% · vs last sale $4.40M (Apr 6 2022)
Last sale anchor
$4.40M
Apr 6 2022
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
$669 / 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
$18,585
Tax year 2023
Assessed value
$4,302,082
Assessed 2023
Previous assessed
$4,302,082
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,262,700
Assessed improvement
$3,039,382
Land market value
$1,262,700
Improvement market value
$3,039,382
Total market value
$4,302,082
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
7,409 SF
Lot
1.82 ac (79,105 SF)
Zoning code
CB
APN
106915
UPID
US53-1004123
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
RESTAURANT Current
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
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
1.82 ac
Current owner
From public records · entity-resolved
Fcpt Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
804 GRN VLY RD STE #202, GREENSBORO, NC 27408-7044
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
$4,093,000
Fcpt Holdings LLC
Ses Og LLC
Special Warranty Deed
—
Apr 6, 2022
$4,400,000
Ses Og LLC
Dlt Property LLC
Special Warranty Deed
$3,150,000 · Park National Bank
May 13, 2021
—
Dlt Property LLC
Burlington Og LLC
Special Warranty Deed
—
Apr 13, 2018
$2,238,500
Janet M Robinson
Arcp Rl Portfolio Viii LLC
Grant Deed
—
Jun 15, 2015
$4,464,000
Burlington Og LLC
Gmri INC
Grant Deed
$4,239,000 · Branch Bk&tr
Mar 21, 2007
$1,300,000
Gmri INC
Alamance Crossing LLC
Warranty Deed
—
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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