Property profile

707 East Webb Ave Burlington, NC 27215

FOR LEASE
Warehouses
Property ID
US53-2047960
9,669 SF 0.26 ac lot Built 1910
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 13,961 square foot building, situated on a 0.39-acre lot at 707 E Webb Ave, Burlington, NC, presents a unique leasing opportunity. The property, originally constructed in 1910, boasts a rich history and offers adaptable space suitable for retail, office, or warehouse use. The two-story building features 10,714 square feet of above-grade space and 3,247 square feet of below-grade space, divisible to a minimum of 2,500 square feet. The property includes one loading dock with one dock-high door and ample parking for 15 vehicles. Located in Alamance County, this prime location on Webb Avenue offers high visibility and convenient access to major transportation routes. It's within easy reach of Durham, Chapel Hill, Greensboro, Raleigh, and Winston-Salem, making it ideal for businesses seeking a central location. The building retains historic charm with hardwood floors throughout much of the space and features hanging gas heaters. The below-grade space offers significant storage potential, with the possibility of adding a cargo elevator for enhanced accessibility. This adaptable space, previously used as a mill, church, and thrift store, offers a unique blend of character and practicality. The property is currently fully vacant and ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1910
Total area 9,669 SF
Lot 0.26 ac (11,543 SF)
Zoning code I 3
APN 136896
UPID US53-2047960

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
  • Church Mosque

Location

707 East Webb Ave Burlington, NC 27215
Burlington metro Census 20802 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
1 recorded transaction
2024
$170,000

Zoning & alternative use

I 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?”
More about this property
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