Property profile

2214 Eric Ln Burlington, NC 27215

OFF-MARKET
Drive through restaurants
Property ID
US53-0830296
3,018 SF 0.68 ac lot Built 1999
Individually Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Total area 3,018 SF
Lot 0.68 ac (29,751 SF)
Zoning code I 2
APN 120487
UPID US53-0830296

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

2214 Eric Ln Burlington, NC 27215-5470
Burlington metro Census 20701 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.82M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$2.54M

Owner & transaction history

since 2021
Last sale
$2.5M
7 recorded transactions
2021
$2.5M
2019
Price N/A
2019
$12.2M
2019
Price N/A
2018
Price N/A
2016
$900,000
2011
Price N/A

Zoning & alternative use

I 2 · Burlington, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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