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Property profile & analytics
FOR LEASE
Drive through restaurants
3120 Garden Rd, Burlington, NC 27215
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1871782
For Lease
1 / 4
$1,885,000
3120 Garden Rd, Burlington, NC 27215
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Total area
3,567 SF
Lot
1.14 ac (49,658 SF)
Zoning code
B 2
APN
112790
UPID
US53-1871782
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
Current use
Occupant on record · Public records
-
Zack's Hot Dogs (Garden Rd) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.89M
Owner & transaction history
3120 Gariwn Rd Exchange LLC · 3 yrs held
3120 Gariwn Rd Exchange LLC
since 2022
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
B 2 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,965,000
ML approach
$1,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.65M (Oct 20 2022)
Last sale anchor
$1.65M
Oct 20 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
$528 / 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
$7,154
Tax year 2023
Assessed value
$1,656,025
Assessed 2023
Previous assessed
$1,656,025
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$684,142
Assessed improvement
$971,883
Land market value
$684,142
Improvement market value
$971,883
Total market value
$1,656,025
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,567 SF
Lot
1.14 ac (49,658 SF)
Zoning code
B 2
APN
112790
UPID
US53-1871782
Jurisdiction
ALAMANCE
Zoning & alternative use
B 2 · Burlington, NC
Zoning B 2 · permitted uses
B 2 · 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.
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
3120 Gariwn Rd Exchange LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 339, BURLINGTON, NC 27216-0339
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
3120 Gariwn Rd Exchange LLC
L C R LLC
Quit Claim Deed
related
—
Oct 20, 2022
$1,650,000
3120 Garden Rd Exchange LLC
Lcr Properties LLC
Warranty Deed
—
Dec 9, 2020
—
Lcr Properties LLC
—
Deed
related
$114,200 · Fidelity Bk
Dec 3, 2020
—
Lcr Properties LLC
Comfort Real Estate LLC
Correction Deed
related
—
Jul 15, 2004
$1,400,000
Lcr LLC
Comfort Real Estate LLC
Grant Deed
$925,000 · Fidelity Bk
—
—
Lcr Properties LLC
—
Deed Of Trust
related
$114,200 · Fidelity Bk
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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