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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
210 Alamance Rd, Burlington, NC 27215-5526
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1709378
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
5,888 SF
Lot
0.92 ac (40,075 SF)
Zoning code
OI
APN
121154
UPID
US53-1709378
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
-
Wells Fargo Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$535k
Owner & transaction history
Rey Recource Group LLC · 7 yrs held
Rey Recource Group LLC
since 2018
7 recorded transactions
Zoning & alternative use
OI · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$795,000
+37.5%
Auto repair, garage
$695,000
+19.7%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
COMMERCIAL (GENERAL)
$795,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$505,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$91 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,371
Tax year 2024
Assessed value
$718,670
Assessed 2024
Previous assessed
$718,670
+0.0% YoY
Effective rate
0.47%
On assessed value
Assessed land
$150,069
Assessed improvement
$568,601
Land market value
$150,069
Improvement market value
$568,601
Total market value
$718,670
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
5,888 SF
Lot
0.92 ac (40,075 SF)
Zoning code
OI
APN
121154
UPID
US53-1709378
Jurisdiction
ALAMANCE
Zoning & alternative use
OI · Burlington, NC
Zoning OI · permitted uses
OI · 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
OFFICE BUILDING Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RETAIL STORES
Est. value
$505,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Rey Recource Group LLC
Entity
Mailing address
265 CLEARWATER WAY, BURLINGTON, NC 27215-9858
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
Rey Resource Group LLC
—
Deed
related
$100,000 · Pinnacle Bank
Dec 9, 2020
—
Rey Resource Group LLC
—
Deed
related
$450,000 · Pinnacle Bank
Aug 30, 2018
—
Rey Recource Group LLC
Rey,al & Candace
Quit Claim Deed
related
$499,000 · The Fidelity Bank
Sep 10, 2004
—
Rey Resources Group LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Rey Resource Group LLC
—
Deed Of Trust
related
$811,700 · Rosslare Fndg
—
—
Rey Resource Group LLC
—
Deed Of Trust
related
$499,000 · Fidelity Bk
—
—
Rey Resource Group LLC
—
Deed Of Trust
related
$450,000 · Pinnacle Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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