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    Property profile & analytics

    2316 Maple Ave Burlington, NC 27215-7114

    • Outlet malls
    • 104,480 SF
    • 11.74 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2023
    $2,000,000
    Value Estimations
    $2,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0868773
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Granddaddy's Antique Mall / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Victory Creative / Marketing & Advertising / Advertising Agency
    • Record Booth 93 at Granddaddys Antiques / (Bike/Boat/Book/etc) Store
    • Crap-O-Rama / Discount Store

    Property Details for 2316 Maple Ave

    Year built
    1970
    Lot size
    11.74 lot acres
    Property size
    104,480 SF
    Zone code
    I 2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    132807
    APU
    132807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,070,000
      ML approach
      $2,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,692,000
      Market price range: $2.25M - $15.4M
      AI Estimate
      $2,410,000
      Market price range: $2.29M - $14.9M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4271
    Latitude
    36.0653
    CBSA code
    15500
    CBSA name
    BURLINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,090
    $1,181,400
    $1,154,248
    $2,335,648
    -
    $1,181,400
    $1,154,248
    $2,335,648

    Comparable in this City

    • Value Estimation
      $4,050,000
      133,176 SF

      2333 Eric Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 133,176 SF
      2333 Eric Ln, Burlington, NC 27215-5382
      View Details
    • Value Estimation by Request
      3,100 SF

      2207 Maple Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 3,100 SF
      2207 Maple Ave, Burlington, NC 27215-7144
      View Details
    • Value Estimation
      $4,515,000
      124,170 SF

      1475 University Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 124,170 SF
      1475 University Dr, Burlington, NC 27215-8768
      View Details
    • Value Estimation
      $5,895,000
      85,188 SF

      1433 Boone Sta Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 85,188 SF
      1433 Boone Sta Dr, Burlington, NC 27215-8229
      View Details
    • Value Estimation
      $3,835,000
      104,500 SF

      2541 Kirkwood Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 104,500 SF
      2541 Kirkwood Dr, Burlington, NC 27215
      View Details
    • Value Estimation
      $11,030,000
      203,832 SF

      3141 Gdn Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 203,832 SF
      3141 Gdn Rd, Burlington, NC 27215-9786
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Burlington Retail Building For Sale

      90,000 SF building on 7.52 acres with redevelopment potential.
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      Downtown Burlington Retail/Office Opportunity

      5,000 SF retail/office space in downtown Burlington, North Carolina.
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      Renovated Commercial Space Near Downtown

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      Burlington Medical Office Complex

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      Two Storefront Building For Sale

      Two storefront property available for purchase.
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    • $495,000

      Downtown Two-Story Commercial Building

      Two-story commercial building in Downtown Burlington with B-3 zoning.
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    Similar Nearby for Lease

    • Contact for pricing
      855,000 SF

      Alamance Crossing Retail Center

      Burlington, NC Shopping Center Space Available
      1080 Piper Ln, Burlington, NC 27215
      View Details
    • Contact for pricing
      41,000 SF

      Huffman Mill Plaza Retail Space

      Burlington, NC retail space available.
      0 Huffman Ml Plz Shopping Ctr, Burlington, NC 27215
      View Details
    • $17 SF/Yr
      5,000 SF

      Downtown Burlington Office/Retail Space

      Two Suites Available, 2,427-2,500 SF
      346 Worth St, Burlington, NC 27215
      View Details
    • Contact for pricing
      227,735 SF

      University Commons

      Retail properties & Spaces • 227,735 SF
      1475 University Dr, Burlington, NC 27215
      View Details
    • Contact for pricing
      174,240 SF

      1300 University Dr

      Medical Office Space
      1300 University Dr, Burlington, NC 27215
      View Details
    • Contact for pricing
      6,870 SF

      2779 Church St

      Retail properties & Spaces • 6,870 SF
      2779 Church St, Burlington, NC 27215
      View Details
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    2316 Maple Ave
    Burlington, NC 27215-7114
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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