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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Warehouses
611 Floyd St Burlington, NC 27215-6807
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1834177
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Total area
4,050 SF
Lot
0.76 ac (33,323 SF)
Zoning code
I 2
APN
132861
UPID
US53-1834177
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
$1.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Prime Storage Burlington LLC · 5 yrs held
Prime Storage Burlington LLC
since 2020
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
I 2 · 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
$1,965,000
ML approach
$1,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $2.20M (Dec 15 2020)
Last sale anchor
$2.20M
Dec 15 2020
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
$511 / 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
$1,778
Tax year 2023
Assessed value
$411,510
Assessed 2023
Previous assessed
$411,510
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$12,909
Assessed improvement
$398,601
Land market value
$12,909
Improvement market value
$398,601
Total market value
$411,510
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
1
Rooms
6
Bathrooms
1
Total area
4,050 SF
Lot
0.76 ac (33,323 SF)
Zoning code
I 2
APN
132861
UPID
US53-1834177
Jurisdiction
ALAMANCE
Zoning & alternative use
I 2 · Burlington, NC
Zoning I 2 · permitted uses
I 2 · 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
2014
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
6
Bathrooms
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Prime Storage Burlington LLC
Entity
Mailing address
85 RAILROAD PL, SARATOGA SPRINGS, NY 12866-2124
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
—
Prime Storage Burlington LLC
—
Deed
related
$101,000,000 · Goldman Sachs Bank USA A New York State-
Nov 18, 2021
—
Prime Storage Burlington LLC
—
Deed
related
—
Dec 15, 2020
$2,200,000
Prime Storage Burlington LLC
Ray Storage Maple LLC
Warranty Deed
$230,000,000 · Jpmorgan Chase Bank NA
Nov 28, 2018
—
Ray Storage Maple LLC
—
Grant Deed
related
$2,000,000 · American Natl Bk & Tr Co
Dec 7, 2012
—
Don A Ray JR.
Owner Name Unavailable
Grant Deed
related
—
Aug 11, 2011
$70,000
Ray,don A JR & Eleanor J
Forbes,steven M & Delana
Warranty Deed
—
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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