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Property profile & analytics
OFF-MARKET
Estimated value
$3,855,000
Strip malls
2660 Ramada Rd Burlington, NC 27215-5469
Entity Owned
12-yr Hold
Free & Clear
Property ID
US53-3621854
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Total area
65,480 SF
Lot
11.09 ac (483,124 SF)
Zoning code
B 2
APN
120753
UPID
US53-3621854
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
-
Coinstar Kiosk | Bitcoin ATM Kiosk Atm
-
Western Union Bank Credit Union
-
ATM Atm
-
Food Lion Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.53M
Blend (final)
Blend
$3.86M
Owner & transaction history
I-85 Plaza LLC · 12 yrs held
I-85 Plaza LLC
since 2014
1 recorded transaction
Zoning & alternative use
B 2 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Burlington UDO 10 1 24
Top alternative use upside
Office building
$6.3M
+174.5%
Commercial (general)
$6.0M
+165.5%
Auto repair, garage
$5.6M
+147.7%
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
OFFICE BUILDING
$6,250,000
Change: +174% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,045,000
Change: +165% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,640,000
Change: +148% · Conversion: Difficult
RETAIL STORES
$5,035,000
Change: +121% · Conversion: Easy
MEDICAL BUILDING
$4,280,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$3.86M
Range $3.47M – $4.24M · ±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
$59 / 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
$42,155
Tax year 2023
Assessed value
$9,758,036
Assessed 2023
Previous assessed
$9,758,036
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$2,954,407
Assessed improvement
$6,803,629
Land market value
$2,954,407
Improvement market value
$6,803,629
Total market value
$9,758,036
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
1978
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
2
Total area
65,480 SF
Lot
11.09 ac (483,124 SF)
Zoning code
B 2
APN
120753
UPID
US53-3621854
Jurisdiction
ALAMANCE
Zoning & alternative use
B 2 · Burlington, NCZoning 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
Source
Burlington UDO 10 1 24
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1978
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
11.09 ac
Current owner
From public records · entity-resolved
I-85 Plaza LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 850, BURLINGTON, NC 27216-0850
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2014
—
I-85 Plaza LLC
Koury,maurice J & Ann K
Grant 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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