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    Property profile & analytics

    2921 Crouse Ln Burlington, NC 27215-8833

    • Medical offices
    • 14,355 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimation
    $2,720,000
    Last Sale
    Oct 24, 2024
    $2,650,000
    Location Intelligence
    Property ID
    US53-2200578
    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

    • Burlington Medical Center/Carolina Nuclear Medicine / Internist / Cardiologist
    • Sam Morayati, MD / Family Practice Physician
    • Dr. Shamil Morayati / Family Practice Physician / Internist

    Property Details for 2921 Crouse Ln

    Year built
    2004
    Lot size
    1.16 lot acres
    Property size
    14,355 SF
    Zone code
    OI
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    112948
    APU
    112948

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,510,000
      6.5%
      $2,885,000
      7%
      $2,590,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,005,000
      Geo Method
      $2,890,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,910,000
      Retail
      $2,875,000
      Mixed-Use
      $2,750,000
      Hospitality
      $2,890,000
      Educational
      $2,735,000
      Residential Income
      $2,760,000
      Energy
      $2,610,000
      Income-Based Land
      $3,255,000
      Food Service
      $2,660,000

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4967
    Latitude
    36.0637
    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
    $11,870
    $243,337
    $2,504,327
    $2,747,664
    -
    $243,337
    $2,504,327
    $2,747,664

    Comparable in this City

    • Value Estimation by Request
      73,948 SF

      1234 Huffman Ml Rd

      MEDICAL BUILDING • 73,948 SF
      1234 Huffman Ml Rd, Burlington, NC 27215-8700
      View Details
    • Value Estimation by Request
      23,494 SF

      1225 Huffman Ml Rd

      MEDICAL BUILDING • 23,494 SF
      1225 Huffman Ml Rd, Burlington, NC 27215-8788
      View Details
    • Value Estimation
      $6,680,000
      18,119 SF

      1016 Kirkpatrick Rd

      MEDICAL BUILDING • 18,119 SF
      1016 Kirkpatrick Rd, Burlington, NC 27215-9714
      View Details
    • Value Estimation
      $395,000
      5,552 SF

      3128 Commerce Pl, Unit 313

      MEDICAL BUILDING • 5,552 SF
      3128 Commerce Pl, Burlington, NC 27215-5157
      View Details
    • Value Estimation
      $245,000
      4,394 SF

      2991 Crouse Ln

      MEDICAL BUILDING • 4,394 SF
      2991 Crouse Ln, Burlington, NC 27215-8833
      View Details
    • Value Estimation
      $340,000
      5,348 SF

      310 Church St

      MEDICAL BUILDING • 5,348 SF
      310 Church St, Burlington, NC 27215-3711
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Medical offices
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      Burlington Office Space For Rent

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    • $17 SF/Yr
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      Downtown Burlington Office/Retail Space

      Two Suites Available, 2,427-2,500 SF
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    • $2,100 /Mo
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      Former Insurance Office Space

      Office space available for rent, formerly an insurance office.
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      View Details
    • $2,708 /Mo
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      Burlington Office Building For Rent

      Professional office building with great visibility in West Burlington, NC.
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      View Details
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    Burlington, NC 27215-8833
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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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