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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Strip malls
2251 Church St Burlington, NC 27215-5329
Individually Owned
20-yr Hold
Free & Clear
Property ID
US53-0079936
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
12,800 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R 15
APN
120720
UPID
US53-0079936
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
-
Alamance Market Place Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$800k
Owner & transaction history
Baldwin,harold T & Ebbie S · 20 yrs held
Baldwin,harold T & Ebbie S
since 2005
7 recorded transactions
Zoning & alternative use
R 15 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+188.7%
Office building
$1.2M
+174.5%
Commercial (general)
$1.2M
+165.5%
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
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
RESTAURANT
$1,285,000
Change: +189% · Conversion: Difficult
OFFICE BUILDING
$1,220,000
Change: +174% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,180,000
Change: +165% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: +148% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +121% · Conversion: Easy
MEDICAL BUILDING
$835,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$63 / 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
$6,779
Tax year 2023
Assessed value
$1,569,124
Assessed 2023
Previous assessed
$1,569,124
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$263,650
Assessed improvement
$1,305,474
Land market value
$263,650
Improvement market value
$1,305,474
Total market value
$1,569,124
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
2
Total area
12,800 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R 15
APN
120720
UPID
US53-0079936
Jurisdiction
ALAMANCE
Zoning & alternative use
R 15 · Burlington, NC
Zoning R 15 · permitted uses
R 15 · 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
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$985,000
MEDICAL BUILDING
Est. value
$835,000
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Baldwin,harold T & Ebbie S
Individual
Free & Clear · 20 yrs held
Mailing address
PO BOX 1220, ELON, NC 27244-1220
Ownership since
2005
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
Apr 6, 2018
—
Dm Morton Ents LLC
—
Deed
related
$640,000 · American Nat'l Bk/arlington
Dec 5, 2005
—
Baldwin,harold T & Ebbie S
Alamance Marketplace LLC
Quit Claim Deed
related
—
Apr 20, 2005
—
Alamance Marketplace LLC
Morton & Sharpe LLC
Warranty Deed
$1,220,000 · Midcarolina Bk
Dec 16, 2004
$380,000
Morton & Sharpe LLC
Baldwin,harold T & Ebbie S
Warranty Deed
$379,000 · Midcarolina Bk
—
—
Dm Morton Ents LLC
—
Deed Of Trust
related
$245,000 · American Nat'l Bk
—
—
Dm Morton Ents LLC
—
Deed Of Trust
related
$582,709 · American Nat'l Bk
—
—
Dm Morton Ents LLC
—
Deed Of Trust
related
$640,000 · American Nat'l Bk/arlington
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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