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    309 Huffman Mill Rd Burlington, NC 27215

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    309 Huffman Mill Rd Burlington, NC 27215

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    • Super regional malls
    • 370,000 SF
    • 24.09 lot acres
    For Lease
    $4,730,000
    View Listing →
    Restaurant Space at Holly Hill For Lease
    $4,730,000

    Restaurant Space at Holly Hill

    Second-generation restaurant space with high visibility near Huffman Mill.

    309 Huffman Mill Rd, Burlington, NC 27215
    View Listing
    Property ID
    US53-0725343
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dunham's Sports / (Bike/Boat/Book/etc) Store
    • Hazel Grove Customs / (Bike/Boat/Book/etc) Store
    • Elon Gifts / (Bike/Boat/Book/etc) Store
    • Holly Nails / Nail Salon
    • Toy World & Winter World / (Bike/Boat/Book/etc) Store

    Property Details for 309 Huffman Mill Rd

    Year built
    1969
    Lot size
    24.09 lot acres
    Property size
    370,000 SF
    Zone code
    B 2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    113749
    APU
    113749

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.488
    Latitude
    36.0782
    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
    $66,903
    $5,645,250
    $9,841,585
    $15,486,835
    -
    $5,645,250
    $9,841,585
    $15,486,835

    Comparable in this City

    • Value Estimation
      $2,035,000
      104,480 SF

      2316 Maple Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 104,480 SF
      2316 Maple Ave, Burlington, NC 27215-7114
      View Details
    • Value Estimation by Request
      24,200 SF

      1229 Plz Dr

      SHOPPING CENTER, STRIP CENTER • 24,200 SF
      1229 Plz Dr, Burlington, NC 27215-7164
      View Details
    • Value Estimation by Request
      5,556 SF

      1037 Church St

      SHOPPING CENTER, STRIP CENTER • 5,556 SF
      1037 Church St, Burlington, NC 27215-5045
      View Details
    • Value Estimation by Request
      15,307 SF

      1258 Church St

      SHOPPING CENTER, STRIP CENTER • 15,307 SF
      1258 Church St, Burlington, NC 27215-5065
      View Details
    • Value Estimation by Request
      5,000 SF

      2423 Corporation Pkwy

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2423 Corporation Pkwy, Burlington, NC 27215-6753
      View Details
    • Value Estimation by Request
      7,552 SF

      407 Harden St

      SHOPPING CENTER, STRIP CENTER • 7,552 SF
      407 Harden St, Burlington, NC 27215-7111
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Burlington Retail Building For Sale

      90,000 SF building on 7.52 acres with redevelopment potential.
      309 Huffman Ml Rd -, Burlington, NC 27215
      View Details
    • $495,000

      Downtown Two-Story Commercial Building

      Two-story commercial building in Downtown Burlington with B-3 zoning.
      412 S Main St, Burlington, NC 27215
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    • $1,714,000
      1,551 SF

      Retail Space For Sale

      Retail space available, offering a 7.00% CAP rate.
      2166 Huffman Mill Rd, Burlington, NC 27215
      View Details
    • Contact for pricing
      12,500 SF

      Office Building with Warehouse Space

      Office building with warehouse and adjacent pad for future building.
      2716 Troxler Rd, Burlington, NC 27215
      View Details
    • $225,000

      Two Storefront Building For Sale

      Two storefront property available for purchase.
      702-704 Davis St, Burlington, NC 27215
      View Details
    • $99,900

      Versatile Commercial Building in Burlington

      Single-story commercial building with dual-unit potential in prime location.
      509 Trollinger St, Burlington, NC 27215
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in University Commons

      Retail space with excellent visibility and access in Burlington, NC.
      1475 University Dr, Burlington, NC 27215
      View Details
    • Contact for pricing

      Retail Space in New Market

      Retail space available in Burlington's New Market Square.
      2779 S Church St, Burlington, NC 27215
      View Details
    • Contact for pricing
      27,312 SF

      Alamance Crossing Retail Opportunity

      Retail space in a high-traffic, open-air shopping center.
      1080 Piper Ln, Burlington, NC 27215
      View Details
    • Contact for pricing

      Retail Space in Burlington, NC

      Retail shopping center with high traffic and direct highway access.
      529 Huffman Mill Rd, Burlington, NC 27215
      View Details
    • Contact for pricing

      Neighborhood Center in Burlington

      Neighborhood center with shops, services, and restaurants for rent.
      1143 St Marks Church Rd, Burlington, NC 27215
      View Details
    • Contact for pricing

      Retail Pad Site on I-40/85

      Retail pad site available with high traffic counts.
      1080 Piper Ln, Burlington, NC 27215
      View Details

    Property Visit Statistics

    • Visits by month
      31.5k
    • Visitors by month
      22.5k
    • Avg Time on site
      13 min
    View Listing
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    309 Huffman Mill Rd
    Burlington, NC 27215
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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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