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    Property profile & analytics

    2398 Corporation Pkwy Burlington, NC 27215-6885

    • Strip malls
    • 15,000 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimation
    $855,000
    Last Sale
    Mar 31, 2021
    $870,000
    Location Intelligence
    Property ID
    US53-1172685
    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

    • Gps Royal Lounge / General Contractor
    • Sam's Factory Outlet / Clothing Alteration Service / Men'S Tailor
    • The Rock Church Of Burlington / Church
    • What's All The Rage / Adult Entertainment Club / Amusement Center
    • Whats All the Rage Smash and Splash / Recreation Center

    Property Details for 2398 Corporation Pkwy

    Year built
    1981
    Lot size
    1.23 lot acres
    Property size
    15,000 SF
    Zone code
    I 2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    132215
    APU
    132215

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $885,000

    • CAP approach

      CAP return
      Estimation
      6%
      $795,000
      6.5%
      $860,000
      7%
      $815,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $650,000
      Geo Method
      $815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $705,000
      Retail
      $815,000
      Mixed-Use
      $715,000
      Hospitality
      $880,000
      Educational
      $735,000
      Residential Income
      $885,000
      Energy
      $675,000
      Income-Based Land
      $735,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4353
    Latitude
    36.0675
    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
    $2,672
    $198,656
    $419,946
    $618,602
    -
    $198,656
    $419,946
    $618,602

    Comparable in this City

    • Value Estimation
      $860,000
      24,200 SF

      1229 Plz Dr

      SHOPPING CENTER, STRIP CENTER • 24,200 SF
      1229 Plz Dr, Burlington, NC 27215-7164
      View Details
    • Value Estimation
      $310,000
      5,556 SF

      1037 Church St

      SHOPPING CENTER, STRIP CENTER • 5,556 SF
      1037 Church St, Burlington, NC 27215-5045
      View Details
    • Value Estimation
      $505,000
      15,307 SF

      1258 Church St

      SHOPPING CENTER, STRIP CENTER • 15,307 SF
      1258 Church St, Burlington, NC 27215-5065
      View Details
    • Value Estimation
      $300,000
      5,000 SF

      2423 Corporation Pkwy

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2423 Corporation Pkwy, Burlington, NC 27215-6753
      View Details
    • Value Estimation
      $310,000
      7,552 SF

      407 Harden St

      SHOPPING CENTER, STRIP CENTER • 7,552 SF
      407 Harden St, Burlington, NC 27215-7111
      View Details
    • Value Estimation
      $970,000
      31,146 SF

      414 Harden St

      SHOPPING CENTER, STRIP CENTER • 31,146 SF
      414 Harden St, Burlington, NC 27215-7112
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      90,000 SF

      Burlington Retail Building For Sale

      90,000 SF building on 7.52 acres with redevelopment potential.
      309 Huffman Ml Rd -, Burlington, NC 27215
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    • Contact for pricing

      Burlington Retail Site For Sale

      Retail site with high visibility and cross-access in Burlington.
      Burlington, NC 27215
      View Details
    • $859,900
      0.50 Acres

      Downtown Burlington Redevelopment Opportunity

      High-visibility showroom/warehouse with redevelopment potential in downtown Burlington, NC.
      736 S Main St, Burlington, NC 27215
      View Details
    • $339,000

      Commercial Property on Maple Avenue

      Commercial property on Burlington's Maple Ave corridor, near I-85/40.
      1540 Maple Ave, Burlington, NC 27215
      View Details
    • $495,000
      8,537 SF

      Downtown Burlington Retail/Office Opportunity

      Versatile retail/office space in downtown Burlington with build-out potential.
      347 S Main St, Burlington, NC 27215
      View Details
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      Two-Story Commercial Building For Sale

      Two-story commercial building with retail, office, and residential potential.
      224 Front St, Burlington, NC 27215
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    Similar Nearby for Lease

    • 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
    • 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
      5,313 SF

      Burlington Retail Space For Lease

      Prime Burlington Retail, High Visibility
      537 Huffman Mill Rd, Burlington, NC 27215
      View Details
    • Contact for pricing
      904,659 SF

      Burlington Power Center Retail Space

      High-traffic NC retail space, single tenant.
      1080 Piper Ln, Burlington, NC 27215
      View Details
    • $12 SF/Yr
      5,720 SF

      Flex/Retail Spaces Available

      Multiple flex/retail spaces available for rent off Maple Avenue.
      705-713 Floyd St, Burlington, NC 27215
      View Details
    • Contact for pricing
      6,870 SF

      2779 Church St

      Retail properties • 6,870 SF
      2779 Church St, Burlington, NC 27215
      View Details
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    Burlington, NC 27215-6885
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    Realmo Value Estimation

    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.

    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.

    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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