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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Grocery and convenience stores
4038 Nc Hwy 62 Burlington, NC 27215
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1134470
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Total area
2,800 SF
Lot
0.77 ac (33,541 SF)
Zoning code
MU
APN
112179
UPID
US53-1134470
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
$485k
CAP Approach
CAP
$305k
Comparable Approach
Comparable
$335k
Blend (final)
Blend
$500k
Owner & transaction history
Shree Ha Graham LLC · 2 yrs held
Shree Ha Graham LLC
since 2023
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
MU · 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
$520,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
$330,000
6.5%
$305,000
7%
$285,000
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Aug 2 2023)
Last sale anchor
$500k
Aug 2 2023
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
$179 / 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
$1,846
Tax year 2023
Assessed value
$281,373
Assessed 2023
Previous assessed
$281,373
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$39,723
Assessed improvement
$241,650
Land market value
$39,723
Improvement market value
$241,650
Total market value
$281,373
Applied tax rate
171.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
2,800 SF
Lot
0.77 ac (33,541 SF)
Zoning code
MU
APN
112179
UPID
US53-1134470
Jurisdiction
ALAMANCE
Zoning & alternative use
MU · Burlington, NC
Zoning MU · permitted uses
MU · 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
1974
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Shree Ha Graham LLC
Entity
Mailing address
1245 KERR ST, BURLINGTON, NC 27215-7416
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
$500,000
Shree Ha Graham LLC
Akshardham 4 LLC
Warranty Deed
$325,000 · Akshardham 4 LLC
Mar 3, 2023
$500,000
Akshardham 4 LLC
Pramukhraj Properties LLC
Warranty Deed
—
Jan 2, 2018
$350,000
Pramukhraj Properties LLC
Holt,michael L & Judith
Warranty Deed
$300,000 · Michael L & Judith L Holt
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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