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Property profile & analytics
OFF-MARKET
Estimated value
$7,155,000
Warehouses
3020 Tucker St Ext, Burlington, NC 27215-8905
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1223456
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
101,920 SF
Lot
9.84 ac (428,630 SF)
Zoning code
I 1A
APN
120349
UPID
US53-1223456
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.16M
Owner & transaction history
Br 3020 Tucker Street Dst · 3 yrs held
Br 3020 Tucker Street Dst
since 2022
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
I 1A · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.0M
+63.3%
Retail stores
$8.8M
+42.7%
Industrial (general)
$6.6M
+7.7%
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
$8,495,000
ML approach
$8,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,135,000
Current use
OFFICE BUILDING
$10,020,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$8,755,000
Change: +43% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,610,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$7.16M
Range $6.44M – $7.87M · ±10% · vs last sale $7.14M (Jul 11 2022)
Last sale anchor
$7.14M
Jul 11 2022
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
$70 / 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
$12,594
Tax year 2023
Assessed value
$2,915,356
Assessed 2023
Previous assessed
$2,915,356
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$396,880
Assessed improvement
$2,518,476
Land market value
$396,880
Improvement market value
$2,518,476
Total market value
$2,915,356
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
YES
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
101,920 SF
Lot
9.84 ac (428,630 SF)
Zoning code
I 1A
APN
120349
UPID
US53-1223456
Jurisdiction
ALAMANCE
Zoning & alternative use
I 1A · Burlington, NC
Zoning I 1A · permitted uses
I 1A · 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
WAREHOUSE, STORAGE Current
Est. value
$6.1M
OFFICE BUILDING
Est. value
$10.0M
RETAIL STORES
Est. value
$8.8M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1994
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
9.84 ac
Current owner
From public records · entity-resolved
Br 3020 Tucker Street Dst
Individual
Mailing address
1345 AVE OF THE AMERICAS, NEW YORK, NY 10105-0302
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
$7,140,000
Br 3020 Tucker Street Dst
Burlingtonco LLC
Special Warranty Deed
$43,395,000 · Key Bank NA
Nov 3, 2020
$3,050,000
Charles Beard
Burlington Atd Owner LLC
Grant Deed
—
Nov 3, 2020
—
Burlingtonco LLC
Charles Beard
Grant Deed
$1,951,185 · Miscellaneous Ins Co
Aug 23, 2019
$3,459,000
Burlington Atd Owner LLC
Tag Development Co
Warranty Deed
$1,951,185 · Standard Insurance Co
—
—
Tag Dev Co
—
Deed Of Trust
related
$3,773,220 · Pacific Coast Bankers Bk
—
—
Tag Dev Co
—
Deed Of Trust
related
$4,000,000 · Cornerstone Bk
—
—
Burlingtonco LLC
—
Loan Modification
related
$1,951,185 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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