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    Property profile & analytics

    3102 Commerce Pl Burlington, NC 27215-5157

    • Apartment buildings
    • 12,948 SF
    • 7.85 lot acres
    OFF-MARKET
    Value Estimation
    $18,775,000
    Last Sale
    May 26, 2022
    $17,200,000
    Location Intelligence
    Property ID
    US53-3615722
    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

    • West Pointe Apartments / Apartment Rental Agency / Apartment Building

    Property Details for 3102 Commerce Pl

    Year built
    1985
    Lot size
    7.85 lot acres
    Property size
    12,948 SF
    Zone code
    OI
    Property type
    Apartment buildings
    APN
    113134
    APU
    113134

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $20,470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $17,055,000
      6.5%
      $16,175,000
      7%
      $17,165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $16,560,000
      Geo Method
      $14,830,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $15,405,000
      Retail
      $17,015,000
      Mixed-Use
      $19,315,000
      Hospitality
      $17,315,000
      Educational
      $18,630,000
      Residential Income
      $19,245,000
      Energy
      $16,660,000
      Income-Based Land
      $16,945,000
      Food Service
      $17,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4961
    Latitude
    36.079
    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
    $47,414
    $2,764,375
    $8,211,112
    $10,975,487
    -
    $2,764,375
    $8,211,112
    $10,975,487

    Comparable in this City

    • Value Estimation by Request
      26,280 SF

      120 Buckhill Vlg Dr

      APARTMENT HOUSE (5+ UNITS) • 26,280 SF
      120 Buckhill Vlg Dr, Burlington, NC 27215-8256
      View Details
    • Value Estimation by Request
      7,680 SF

      1528 Mebane St

      APARTMENT HOUSE (5+ UNITS) • 7,680 SF
      1528 Mebane St, Burlington, NC 27215-6498
      View Details
    • Value Estimation by Request
      20,748 SF

      1524 Mebane St

      APARTMENT HOUSE (5+ UNITS) • 20,748 SF
      1524 Mebane St, Burlington, NC 27215-6105
      View Details
    • Value Estimation
      $16,185,000
      43,680 SF

      Kirkpatrick Rd

      APARTMENT HOUSE (5+ UNITS) • 43,680 SF
      Kirkpatrick Rd, Burlington, NC 27215
      View Details
    • Value Estimation
      $21,860,000
      25,584 SF

      2008 Mebane St

      APARTMENT HOUSE (5+ UNITS) • 25,584 SF
      2008 Mebane St, Burlington, NC 27215-7614
      View Details
    • Value Estimation
      $18,865,000
      1,665 SF

      3102 Commerce Pl

      APARTMENT HOUSE (5+ UNITS) • 1,665 SF
      3102 Commerce Pl, Burlington, NC 27215-5157
      View Details

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    Similar Nearby for Lease

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    • $5 SF/Yr
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      412,370 SF

      Burlington Office Space For Rent

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    • $12 SF/Yr
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      Flex/Retail Spaces Available

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      View Details
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    Burlington, NC 27215-5157
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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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