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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    621 Floyd St Burlington, NC 27215-6807

    • Industrial properties
    • 7,000 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5696614
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Doug Kimery Plumbing Co / Plumber

    Property Details for 621 Floyd St

    Year built
    1972
    Lot size
    0.61 lot acres
    Property size
    7,000 SF
    Zone code
    I 2
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    132860
    APU
    132860

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $430,000
      Market price range: $431k - $1.65M
      AI Estimate
      $293,000
      Market price range: $261k - $1.05M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4294
    Latitude
    36.0716
    CBSA code
    15500
    CBSA name
    BURLINGTON, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $905
    $9,753
    $199,680
    $209,433
    -
    $9,753
    $199,680
    $209,433

    Comparable in this City

    • Value Estimation
      $260,000
      720 SF

      2916 Cabin Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 720 SF
      2916 Cabin Rd, Burlington, NC 27215
      View Details
    • Value Estimation
      $285,000
      5,084 SF

      2101 Maple Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,084 SF
      2101 Maple Ave, Burlington, NC 27215-6853
      View Details
    • Value Estimation
      $325,000
      16,800 SF

      1316 Mebane St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 16,800 SF
      1316 Mebane St, Burlington, NC 27215-5718
      View Details
    • Value Estimation
      $270,000
      3,600 SF

      1825 Anthony Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,600 SF
      1825 Anthony Rd, Burlington, NC 27215-8940
      View Details
    • Value Estimation
      $350,000
      2,880 SF

      1204 Belmont St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,880 SF
      1204 Belmont St, Burlington, NC 27215-6933
      View Details
    • Value Estimation
      $365,000
      15,000 SF

      2025 Cesnna Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 15,000 SF
      2025 Cesnna Dr, Burlington, NC 27215-8447
      View Details

    Similar Nearby for Sale

    • $2,500,000
      21,200 SF

      Willow Springs Manufacturing Facility

      Burlington, NC Industrial Property - $2.5M
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    • $2,500,000
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      Burlington Medical Office Complex

      12,500 SF Medical Office, $2M+
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    • $690,000
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      Versatile Industrial/Retail Property in Burlington

      Two-story, 10,767 SF property with potential for industrial or retail.
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    • $859,900
      0.50 Acres

      Downtown Burlington Redevelopment Opportunity

      High-visibility showroom/warehouse with redevelopment potential in downtown Burlington, NC.
      736 S Main St, Burlington, NC 27215
      View Details
    • $2,500,000
      16,710 SF

      Burlington Warehouse on Three Acres

      12,500 sq ft warehouse on 3 acres for sale.
      2716 Troxler Rd, Burlington, NC 27215
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    • $1,200,000
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      Prime Industrial Land Opportunity

      13-acre industrial land parcel with development potential in Burlington, NC.
      1666/1736 Whites Kennel Rd, Burlington, NC 27215
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      24,000 SF

      Burlington Industrial Space Available

      24,000 square foot industrial property for lease.
      2832 Troxler Rd, Burlington, NC 27215
      View Details
    • $5 SF/Yr
      84,559 SF

      Burlington Warehouse: 84,559 SF

      Prime Alamance County industrial space. Single-tenant warehouse, ideal for various uses.
      2050 Willow Spring Ln, Burlington, NC 27215
      View Details
    • $12 SF/Yr
      5,720 SF

      Flex/Retail Spaces Available

      Multiple flex/retail spaces available for rent off Maple Avenue.
      705-713 Floyd St, Burlington, NC 27215
      View Details
    • $9 SF/Yr
      20,000 SF

      Burlington Warehouse Near I-40/I-85

      20000 SF warehouse with automatic gate, convenient highway access.
      612 Floyd St, Burlington, NC 27215
      View Details
    • $4 SF/Yr
      250,000 SF

      Available Industrial Space Near I-85

      Up to 250,000 SF available near I-85 in Burlington, NC.
      2516 Industry Dr, Burlington, NC 27215
      View Details
    • Contact for pricing
      150,275 SF

      Warehouse/Manufacturing/Office Space Available

      150,275 SF warehouse/manufacturing/office space for lease.
      2727 Tucker St, Burlington, NC 27215
      View Details
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    621 Floyd St
    Burlington, NC 27215-6807
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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