Property profile

500 Main St Burlington, NC 27215

FOR LEASE
Office buildings
Property ID
US53-1183301
21,454 SF 1.36 ac lot Built 1972
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-story, 10,566-square-foot office building in downtown Burlington, NC, offers a unique opportunity for businesses seeking flexible and modern workspace. Located at 500 S Main St, near Maple Avenue, this Class B building underwent a complete renovation in 2023, boasting a blend of traditional and creative office space. The entire 10,566 square feet is currently vacant and available for lease, with a minimum divisible space of 1,250 square feet. Multiple configurations and sizes are negotiable to accommodate various business needs. The building features one elevator and 30 parking spaces on-site, supplemented by ample public parking nearby. Situated in the heart of downtown Burlington, this property provides convenient access to a vibrant array of restaurants, shops, and residential areas. Tenant improvement allowances are negotiable, making this an attractive option for businesses seeking a customizable and centrally located office space in Alamance County. The building was originally constructed in 1972. This prime location in zip code 27215 offers a compelling opportunity for businesses of all sizes.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Total area 21,454 SF
Lot 1.36 ac (59,242 SF)
Zoning code B 3
APN 135509
UPID US53-1183301

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Financial Advisor
  • Atm
  • Bank Loan Service
  • Accounting Firm Tax Preparation

Location

500 Main St Burlington, NC 27215
Burlington metro Census 20100 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.34M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.34M

Owner & transaction history

since 2021
Last sale
$1.3M
6 recorded transactions
2021
Price N/A
2021
$1.3M
2014
$1.2M
2013
$1.2M
2008
Price N/A
2004
$1.5M

Zoning & alternative use

B 3 · Burlington, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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