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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Manufacturing properties
256 Trade St Burlington, NC 27217-2658
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1999986
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1928
Total area
11,217 SF
Lot
0.49 ac (21,519 SF)
Zoning code
MF B
APN
136076
UPID
US53-1999986
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
-
SpeedyDry-Genesis LLC Printing Equipment And Supplies
-
Hummingbird 3D Solutions Corporate Office
-
GEN-V Mortuary Cosmetics Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$720k
Owner & transaction history
Paredes Properties LLC · 2 yrs held
Paredes Properties LLC
since 2023
Last sale
$725,000
4 recorded transactions
Zoning & alternative use
MF B · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+48.4%
Retail stores
$1.0M
+39.0%
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
$750,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$730,000
Current use
OFFICE BUILDING
$1,080,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$1,010,000
Change: +39% · Conversion: Moderate
WAREHOUSE, STORAGE
$675,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $725k (Oct 5 2023)
Last sale anchor
$725k
Oct 5 2023
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
$64 / 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
$576
Tax year 2023
Assessed value
$133,298
Assessed 2023
Previous assessed
$133,298
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$8,336
Assessed improvement
$124,962
Land market value
$8,336
Improvement market value
$124,962
Total market value
$133,298
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1928
Heating
YES
Cooling
NONE
Stories
1
Total area
11,217 SF
Lot
0.49 ac (21,519 SF)
Zoning code
MF B
APN
136076
UPID
US53-1999986
Jurisdiction
ALAMANCE
Zoning & alternative use
MF B · Burlington, NC
Zoning MF B · permitted uses
MF B · 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
INDUSTRIAL (GENERAL) Current
Est. value
$730,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$675,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1928
Heating
YES
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Paredes Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
208 W LEWIS CT, CORONA, CA 92882-1812
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
$725,000
Paredes Properties LLC
Genesis III Of Nc LLC
Special Warranty Deed
—
Aug 11, 2005
$195,000
Genesis III Of Nc LLC
Southern Electric Svc Co INC
Warranty Deed
$165,750 · Rbc Centura Bk
Aug 11, 2005
—
Southern Electric Svc Co INC
Owner Name Unavailable
Grant Deed
related
—
Apr 6, 2004
—
Southern Electric Svc Co INC
Chasetone Partners LLC
Warranty Deed
related
—
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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