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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Grocery and convenience stores
728 Church St Burlington, NC 27217-2512
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-2050598
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Total area
8,568 SF
Lot
1.35 ac (58,762 SF)
Zoning code
CB
APN
137816
UPID
US53-2050598
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
-
CRUIZERS - Laundry Grocery & Convenience Store
-
Cruizers Grocery & Convenience Store
-
Valero Gas Station
-
LibertyX Bitcoin ATM Atm
-
Refuel Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Future Properties LLC · 14 yrs held
Future Properties LLC
since 2012
6 recorded transactions
Zoning & alternative use
CB · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+111.2%
Retail stores
$1.0M
+95.4%
Auto repair, garage
$970,000
+83.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$935,000
7%
$865,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Current use
RESTAURANT
$1,110,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: +95% · Conversion: Easy
AUTO REPAIR, GARAGE
$970,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +68% · Conversion: Moderate
COMMERCIAL (GENERAL)
$860,000
Change: +64% · Conversion: Easy
MEDICAL BUILDING
$535,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$92 / 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
$6,287
Tax year 2023
Assessed value
$1,455,385
Assessed 2023
Previous assessed
$1,455,385
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$135,787
Assessed improvement
$1,319,598
Land market value
$135,787
Improvement market value
$1,319,598
Total market value
$1,455,385
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Rooms
4
Bathrooms
2
Total area
8,568 SF
Lot
1.35 ac (58,762 SF)
Zoning code
CB
APN
137816
UPID
US53-2050598
Jurisdiction
ALAMANCE
Zoning & alternative use
CB · Burlington, NC
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$525,000
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$970,000
OFFICE BUILDING
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$860,000
MEDICAL BUILDING
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
Future Properties LLC
Entity
Mailing address
1502 W NC HWY 54TH STE #202, DURHAM, NC 27707-5572
Ownership since
2012
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
Nov 17, 2020
—
Refuel Operating Co LLC
—
Deed
related
—
Jun 11, 2018
—
Future Properties LLC
—
Deed
related
$2,302,723 · Wells Fargo Bk
Jun 29, 2012
—
Future Properties LLC
Great Stops LLC
Warranty Deed
$3,000,000 · Wells Fargo Bank
Oct 20, 2005
$350,000
Great Stops LLC
Southern Tier Properties INC
Warranty Deed
$335,000 · Southern Tier Properties INC
—
—
Future Properties LLC
—
Loan Modification
related
$2,302,723 · Wells Fargo Bk
—
—
Refuel Operating Co LLC
—
Deed Of Trust
related
—
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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