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Property profile & analytics
OFF-MARKET
Estimated value
$4,220,000
Automotive properties
2616 Alamance Rd Burlington, NC 27215-6256
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-1757690
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1977
Total area
35,830 SF
Lot
6.32 ac (275,299 SF)
Zoning code
B 2
APN
120985
UPID
US53-1757690
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
-
EV Connect Charging Station Electric Vehicle Charging Station
-
Modern Cadillac of Burlington Car Dealership
-
Modern Chevrolet of Burlington - Parts Auto Parts Store
-
Modern Chevrolet of Burlington - Service Auto Repair Shop
-
Modern Chevrolet Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$4.22M
Owner & transaction history
Modern R & E Invtrs LLC · 7 yrs held
Modern R & E Invtrs LLC
since 2018
7 recorded transactions
Zoning & alternative use
B 2 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+14.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,220,000
Current use
COMMERCIAL (GENERAL)
$4,845,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$3,525,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.22M
Range $3.80M – $4.64M · ±10%
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
$118 / 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
$18,390
Tax year 2023
Assessed value
$4,256,875
Assessed 2023
Previous assessed
$4,256,875
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$2,062,125
Assessed improvement
$2,194,750
Land market value
$2,062,125
Improvement market value
$2,194,750
Total market value
$4,256,875
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1977
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
2
Total area
35,830 SF
Lot
6.32 ac (275,299 SF)
Zoning code
B 2
APN
120985
UPID
US53-1757690
Jurisdiction
ALAMANCE
Zoning & alternative use
B 2 · Burlington, NC
Zoning B 2 · permitted uses
B 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.8M
OFFICE BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1977
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
6.32 ac
Current owner
From public records · entity-resolved
Modern R & E Invtrs LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1770, CLEMMONS, NC 27012-1770
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2018
—
Modern R & E Invtrs LLC
—
Deed
related
$1,000,000 · Capital Bk
Sep 5, 2018
—
Modern R & E Invtrs LLC
Nc62 Properties LLC
Grant Deed
—
Jun 1, 2018
$8,000,000
Modern Real Estate Investors LLC A
Nc62 Properties LLC A North Carolin
Warranty Deed
$6,650,000 · Capital Bank
Jun 21, 2017
—
Nc62 Properties LLC
—
Deed
related
$3,000,000 · American Nat'l Bk
Sep 8, 2011
—
Williamson,richard H & Linda B
—
Grant Deed
related
$3,043,482 · Midcarolina Bk
—
—
Nc62 Properties LLC
—
Deed Of Trust
related
$3,000,000 · American Nat'l Bk
—
—
Shirley,richard H
—
Deed Of Trust
related
$3,000,000 · Midcarolina Bk
—
—
Modern R & E Invtrs LLC
—
Deed Of Trust
related
$1,000,000 · Capital Bk
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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