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    3001 Bermuda Bay Ln Mebane, NC 27302-9864
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    Property profile & analytics

    3001 Bermuda Bay Ln Mebane, NC 27302-9864

    View on Map
    • Apartment buildings
    • 36,234 SF
    • 13.91 lot acres
    Off-Market
    Property ID
    US53-3687143
    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.
    Value Estimations
    $6,600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3001 Bermuda Bay Ln

    Year built
    2019
    Lot size
    13.91 lot acres
    Property size
    36,234 SF
    Zone code
    B 2
    Property type
    Apartment buildings
    APN
    164555
    APU
    164555

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,795,000
      6.5%
      $4,425,000
      7%
      $4,110,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mebane
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.2774
    Latitude
    36.0732
    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
    $440,302
    $1,304,975
    $53,595,584
    $54,900,559
    -
    $1,304,975
    $53,595,584
    $54,900,559

    Comparable in this City

    • Value Estimation
      $4,260,000
      37,242 SF

      Cameron Ln

      APARTMENT HOUSE (5+ UNITS) • 37,242 SF
      Cameron Ln, Mebane, NC 27302
      View Details
    • Value Estimation
      $5,285,000
      27,803 SF

      3000 Bluebird Ln

      APARTMENT HOUSE (5+ UNITS) • 27,803 SF
      3000 Bluebird Ln, Mebane, NC 27302-9894
      View Details
    • Value Estimation
      $7,070,000
      110,918 SF

      301 Washington St

      APARTMENT HOUSE (5+ UNITS) • 110,918 SF
      301 Washington St, Mebane, NC 27302-2621
      View Details
    • Value Estimation
      $11,065,000
      169,091 SF

      201 Ctr St

      APARTMENT HOUSE (5+ UNITS) • 169,091 SF
      201 Ctr St, Mebane, NC 27302-2560
      View Details
    • Value Estimation by Request
      9,408 SF

      1301 Dogwood Dr

      APARTMENT HOUSE (5+ UNITS) • 9,408 SF
      1301 Dogwood Dr, Mebane, NC 27302-7719
      View Details
    • Value Estimation
      $895,000
      6,552 SF

      709 Carr St

      APARTMENT HOUSE (5+ UNITS) • 6,552 SF
      709 Carr St, Mebane, NC 27302-2001
      View Details

    Similar Nearby for Sale

    • New
      $217,000
      2,136 SF

      Mebane Duplex Investment Opportunity

      Duplex in downtown Mebane, ready for renovation.
      106 S Second St, Mebane, NC 27302
      View Details
    • $325,000

      Mebane Commercial Lot Opportunity

      Approximately one acre lot near Hwy 119 Bypass and I85/40.
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    • $695,000
      Pending

      Mebane Industrial Building on 1.3 Acres

      30,000 SF industrial building on 1.3 acres in Mebane, NC.
      821 W Center St, Mebane, NC 27302
      View Details
    • $194,500
      13.54 Acres

      Mebane Land for Residential Development

      13.54 acres of land suitable for building a home.
      7284 Nc 49, Mebane, NC 27302
      View Details
    • $115,000
      0.46 Acres

      Residential Lot in Winding Creek

      Residential lot in Winding Creek at the Haw subdivision.
      2905 Forest Creek Ln, Mebane, NC 27302
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    • $72,000
      0.57 Acres

      Residential Land in Winding Creek

      0.57 acre lot in Winding Creek at the Haw.
      2715 S Jim Minor Rd, Mebane, NC 27302
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      92,500 SF

      Mebane Warehouse: 92,500 SF Available

      Large industrial warehouse, divisible, I-85/I-40 access.
      900 Mattress Factory Rd, Mebane, NC 27302
      View Details
    • $3 SF/Yr

      Mebane Warehouse Space Available

      Warehouse space for lease near I-85/40 and Tanger Outlets.
      709 A O Smith Rd, Mebane, NC 27302
      View Details
    • $43,333
      1,838,232 SF

      Mebane Warehouse with Interstate Access

      130,000 sq ft warehouse with outside storage available for lease.
      709 A O Smith Rd, Mebane, NC 27302
      View Details
    • Contact for pricing

      Retail Space in Mebane

      Retail spaces available for lease in Mebane, North Carolina.
      4000 Arrowhead Blvd, Mebane, NC 27302
      View Details
    • Contact for pricing
      115,000 SF

      Mebane Warehouse Space Available

      115,000 square foot warehouse space for rent in Mebane.
      700 Trollingwood Hawflds Rd, Mebane, NC 27302
      View Details
    • Contact for pricing
      5,927 SF

      New Mixed-Use Development Retail Space

      Retail space available in a new mixed-use development.
      Rowland Ln & Trollingwood Rd, Mebane, NC 27302
      View Details
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    Mebane, NC 27302-9864
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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