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    Property profile & analytics

    198 Milltown Rd Burlington, NC 27215-8489

    • Apartment buildings
    • 26,280 SF
    • 14.34 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 14, 2025
    Location Intelligence
    Property ID
    US53-3585724
    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

    • Apartment buildings

    Property Details for 198 Milltown Rd

    Year built
    2020
    Lot size
    14.34 lot acres
    Property size
    26,280 SF
    Zone code
    R 15
    Property type
    Apartment buildings
    APN
    106902
    APU
    106902

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.5198
    Latitude
    36.0615
    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
    $228,456
    $2,301,000
    $50,582,316
    $52,883,316
    -
    $2,301,000
    $50,582,316
    $52,883,316

    Comparable in this City

    • Value Estimation by Request
      27,803 SF

      3179 Gdn Rd

      APARTMENT HOUSE (5+ UNITS) • 27,803 SF
      3179 Gdn Rd, Burlington, NC 27215
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    • Value Estimation by Request
      240,481 SF

      Main St

      APARTMENT HOUSE (5+ UNITS) • 240,481 SF
      Main St, Burlington, NC 27215
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    • Value Estimation by Request
      39,170 SF

      124 Tarpley St

      APARTMENT HOUSE (5+ UNITS) • 39,170 SF
      124 Tarpley St, Burlington, NC 27215-3785
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    • Value Estimation by Request
      10,664 SF

      2944 Auburn Dr

      APARTMENT HOUSE (5+ UNITS) • 10,664 SF
      2944 Auburn Dr, Burlington, NC 27215-9586
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    • Value Estimation by Request
      41,892 SF

      2978 Ethan Pointe Dr

      APARTMENT HOUSE (5+ UNITS) • 41,892 SF
      2978 Ethan Pointe Dr, Burlington, NC 27215-9523
      View Details
    • Value Estimation by Request
      28,812 SF

      4229 Stonecrest Dr

      APARTMENT HOUSE (5+ UNITS) • 28,812 SF
      4229 Stonecrest Dr, Burlington, NC 27215-7815
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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    • Contact for pricing

      Class A Office Space Available

      Class A office property for rent with customizable build-out options.
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    198 Milltown Rd
    Burlington, NC 27215-8489
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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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