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Property profile & analytics
OFF-MARKET
Strip malls
2308 Corporation Pkwy Burlington, NC 27215-6750
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-2294485
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
16,200 SF
Lot
1.78 ac (77,406 SF)
Zoning code
I 2
APN
132232
UPID
US53-2294485
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
-
Mr. Thrift Underpriced Furniture Furniture & Home Goods Home Decor Store
-
Quality Home Furnishings Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blue Empire LLC · 9 yrs held
Blue Empire LLC
since 2016
3 recorded transactions
Zoning & alternative use
I 2 · Burlington, NC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,168
Tax year 2023
Assessed value
$501,756
Assessed 2023
Previous assessed
$501,756
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$260,343
Assessed improvement
$241,413
Land market value
$260,343
Improvement market value
$241,413
Total market value
$501,756
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
1984
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
3
Total area
16,200 SF
Lot
1.78 ac (77,406 SF)
Zoning code
I 2
APN
132232
UPID
US53-2294485
Jurisdiction
ALAMANCE
Zoning & alternative use
I 2 · Burlington, NC
Zoning I 2 · permitted uses
I 2 · 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.
Building & site characteristics
From public records
Year built
1984
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
3
Lot
1.78 ac
Current owner
From public records · entity-resolved
Blue Empire LLC
Entity
Free & Clear · 9 yrs held
Mailing address
7120 CRK WOOD DR, CHAPEL HILL, NC 27514-7450
Ownership since
2016
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
Jul 19, 2016
$1,850,000
Blue Empire LLC
Redus One LLC
Grant Deed
—
Dec 31, 2014
$8,290,728
Redus One LLC
Pryzwansky,david T|bmoc Investors LLC
Trustees Deed
—
Dec 27, 2006
$6,137,500
Bmoc Investors LLC
Mortgage Cap 1997-mc2
Grant Deed
$5,200,000 · Wachovia Bk/sc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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