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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Industrial properties
501 Cornerstone Ct 1 Hillsborough, NC 27278-8659
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1146512
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Total area
12,500 SF
Lot
6.88 ac (299,693 SF)
Zoning code
HI
APN
9874-40-5860
UPID
US53-1146512
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
-
CreativEdge, LLC Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.87M
Owner & transaction history
Burkeshire Properties LLC · 6 yrs held
Burkeshire Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
HI · Hillsborough, 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 Hillsborough submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsborough 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
by Request
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$2,755,000
6.5%
$2,540,000
7%
$2,360,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,650,000
Current use
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10%
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
$150 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,069
Tax year 2024
Assessed value
$3,098,700
Assessed 2024
Previous assessed
$3,098,700
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$828,400
Assessed improvement
$2,270,300
Land market value
$828,400
Improvement market value
$2,270,300
Total market value
$3,098,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
4
Stories
1
Total area
12,500 SF
Lot
6.88 ac (299,693 SF)
Zoning code
HI
APN
9874-40-5860
UPID
US53-1146512
Jurisdiction
ORANGE
Zoning & alternative use
HI · Hillsborough, NC
Zoning HI · permitted uses
HI · Hillsborough, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsborough. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Buildings
4
Lot
6.88 ac
Current owner
From public records · entity-resolved
Burkeshire Properties LLC
Entity
Mailing address
PO BOX 1866, PITTSBORO, NC 27312-1866
Ownership since
2020
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
Oct 7, 2022
—
Burkeshire Properties LLC
—
Deed
related
$2,033,580 · Bank Of Oak Ridge
Jun 29, 2021
—
Burkeshire Properties LLC
—
Deed
related
$150,000 · Bank Of Oak Ridge
Feb 26, 2020
—
Burkeshire Properties LLC
Jcbh Properties LLC
Grant Deed
$1,600,000 · Bank Of Oak Ridge
May 19, 2004
$15,500
Jcbh Properties LLC
Lbbe LLC
Grant Deed
$382,000 · Alamance National Bank
—
—
Jcbh Properties LLC
—
Deed Of Trust
related
$1,385,000 · Western Fsb
—
—
Jcbh Properties LLC
—
Deed Of Trust
related
$1,050,000 · Bank Of Oak Ridge
—
—
Jcbh Properties LLC
—
Deed Of Trust
related
$500,000 · Alamance Bank
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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