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Property profile & analytics
OFF-MARKET
Estimated value
$15,115,000
Warehouses
2306 Park Rd Ext, Burlington, NC 27215-1923
Entity Owned
Free & Clear
Property ID
US53-4062065
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Total area
134,230 SF
Lot
17.08 ac (744,092 SF)
APN
172772
UPID
US53-4062065
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.83M
CAP Approach
CAP
$16.31M
Comparable Approach
Comparable
$15.83M
Blend (final)
Blend
$15.12M
Owner & transaction history
Nypro INC
Nypro INC
since 2026
Last sale
$14.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$18.2M
+124.7%
Auto repair, garage
$15.8M
+95.6%
Office building
$13.2M
+63.3%
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
$14,025,000
ML approach
$10,825,000
CAP Approach
CAP Return
Estimation
6%
$17,660,000
6.5%
$16,305,000
7%
$15,140,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$18,155,000
Change: +125% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,805,000
Change: +96% · Conversion: Easy
OFFICE BUILDING
$13,200,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$11,530,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$15.12M
Range $13.60M – $16.63M · ±10% · vs last sale $14.71M (Feb 16 2026)
Last sale anchor
$14.71M
Feb 16 2026
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
$113 / 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
$109,809
Tax year 2023
Assessed value
$13,691,865
Assessed 2023
Previous assessed
$13,691,865
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$1,656,150
Assessed improvement
$12,035,715
Land market value
$1,656,150
Improvement market value
$12,035,715
Total market value
$13,691,865
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
134,230 SF
Lot
17.08 ac (744,092 SF)
APN
172772
UPID
US53-4062065
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$15.8M
OFFICE BUILDING
Est. value
$13.2M
RETAIL STORES
Est. value
$11.5M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2015
Heating
NONE
Cooling
Yes
Stories
1
Lot
17.08 ac
Current owner
From public records · entity-resolved
Nypro INC
Entity
Free & Clear · 0 yrs held
Mailing address
1018 CORPORATE PARK DR, MEBANE, NC 27302-8368
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2026
$14,705,500
Nypro INC
Bankers Commercial Corporation
Special Warranty Deed
—
Feb 26, 2021
$13,800,000
Bankers Commercial Corporation
2306 Park Center Owner LLC
Special Warranty Deed
—
Oct 16, 2018
$9,629,000
2306 Park Center Owner LLC
Ncic 2306 Pk Ctr Drive LLC
Grant Deed
—
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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