Property profile

509 Lexington Ave Burlington, NC 27215

OFF-MARKET
Office buildings
Property ID
US53-1954228
7,084 SF 0.53 ac lot Built 1995
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1995
Total area 7,084 SF
Lot 0.53 ac (23,174 SF)
APN 135546
UPID US53-1954228

Cap rate & NOI

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

Location

509 Lexington Ave Burlington, NC 27215-5826
Burlington metro Census 20100 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$671k
Blend (final) Blend
$290k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$480,000
2016
$378,000
2016
$445,500
2013
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $835,000 +19.7%

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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