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Property profile & analytics
OFF-MARKET
Estimated value
$21,375,000
Apartment buildings
2008 Mebane St, Burlington, NC 27215-7614
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2345324
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
25,584 SF
Lot
9.8 ac (426,888 SF)
APN
121550
UPID
US53-2345324
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
-
The Pointe Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.76M
Blend (final)
Blend
$21.38M
Owner & transaction history
Gyhl 1031 LLC · 2 yrs held
Gyhl 1031 LLC
since 2023
Last sale
$21.0M
7 recorded transactions
Zoning & alternative use
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
$21,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.38M
Range $19.24M – $23.51M · ±10% · vs last sale $21.00M (Jul 18 2023)
Last sale anchor
$21.00M
Jul 18 2023
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
$835 / 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
$66,893
Tax year 2023
Assessed value
$15,484,491
Assessed 2023
Previous assessed
$15,484,491
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,045,900
Assessed improvement
$14,438,591
Land market value
$1,045,900
Improvement market value
$14,438,591
Total market value
$15,484,491
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
1972
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
5
Bathrooms
1
Total area
25,584 SF
Lot
9.8 ac (426,888 SF)
APN
121550
UPID
US53-2345324
Jurisdiction
ALAMANCE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Rooms
5
Bathrooms
1
Lot
9.8 ac
Current owner
From public records · entity-resolved
Gyhl 1031 LLC
Entity
Mailing address
7 PENN PLZ #1400, NEW YORK, NY 10001-3967
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
$21,000,000
Gyhl 1031 LLC
Burlington Holdings 140 LLC
Special Warranty Deed
$15,141,000 · Arbor Agency Lending LLC
Aug 29, 2022
—
Burlington Holdings LLC
Spectum Southeast LLC
Agreement Of Sale
—
Nov 23, 2021
—
Lh Fredward LLC
Colony Burlincton II LLC
Special Warranty Deed
—
Nov 23, 2021
$15,400,000
Burlington Holdings 140 LLC
Lh Fredwaith LLC
Special Warranty Deed
$15,275,000 · Arbor Realty SR INC
Sep 22, 2021
$23,540,000
Brittany Apts Holdings LLC
Brittany Burlington LLC
Special Warranty Deed
$20,750,000 · Argentic Real Estate Finance LLC
Oct 14, 2020
$11,340,000
Colony Burlington II LLC
Colony Burlington LLC
Special Warranty Deed
$8,505,000 · Berkadia Commercial Mortgage LLC
Sep 24, 2015
$6,250,000
Colony Burlington LLC
Titan Colony LLC
Grant Deed
—
Sep 2, 2008
$3,500,000
Titan Colony LLC
Substitute Te Svcs INC
Trustees Deed
—
—
—
Titan Colony LLC
—
Deed Of Trust
related
$3,772,500 · Gs Commercial Real Estate LP
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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