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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Retail properties & Spaces
3141 Watermill Dr, Burlington, NC 27215-8237
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-2183311
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2007
Total area
103,846 SF
Lot
8.76 ac (381,586 SF)
Zoning code
CB
APN
112484
UPID
US53-2183311
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
-
JCPenney Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
JCPenney Salon Hair Salon Nail Salon
-
JCPenney Home Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Jackie Deshannon Lyons · 1 yrs held
Jackie Deshannon Lyons
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
CB · 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Aug 2 2024)
Last sale anchor
$1.65M
Aug 2 2024
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
$16 / 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
$29,562
Tax year 2023
Assessed value
$6,842,941
Assessed 2023
Previous assessed
$6,842,941
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$2,253,399
Assessed improvement
$4,589,542
Land market value
$2,253,399
Improvement market value
$4,589,542
Total market value
$6,842,941
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
103,846 SF
Lot
8.76 ac (381,586 SF)
Zoning code
CB
APN
112484
UPID
US53-2183311
Jurisdiction
ALAMANCE
Zoning & alternative use
CB · Burlington, NC
Zoning CB · permitted uses
CB · 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
2007
Heating
NONE
Cooling
Yes
Stories
1
Lot
8.76 ac
Current owner
From public records · entity-resolved
Jackie Deshannon Lyons
Individual
Free & Clear · 1 yrs held
Mailing address
515 PINEVALLEY LN SANFORD
Ownership since
2024
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
Mar 9, 2026
—
Penney Property Sub Holdings LLC
—
Deed
related
$600,000,000 · Whitehawk Capital Partners LP
Aug 2, 2024
—
Jackie Deshannon Lyons
Shirley T Breece
Quit Claim Deed
related
—
Dec 30, 2020
$3,715,000
Penneproprtsub Holdings LLC
Jc Penney Properties LLC
Grant Deed
—
Aug 11, 2016
—
J C Penney Properties INC
—
Deed
related
$500,000 · Wilmington Tr
May 28, 2013
—
J C Penney Properties INC
—
Deed Of Trust
related
—
Dec 22, 2006
$1,650,000
Jc Penney Properties INC
Owner Name Unavailable
Warranty Deed
—
—
—
J C Penney Properties INC
—
Loan Modification
related
$500,000 · Wilmington Tr
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.
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