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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Automotive properties
988 Plantation Dr Burlington, NC 27215-6713
Entity Owned
6-yr Hold
Free & Clear
Property ID
US53-1967163
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1977
Total area
5,110 SF
Lot
4.28 ac (186,437 SF)
Zoning code
I 2
APN
132538
UPID
US53-1967163
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
-
Cox Chrysler Dodge Jeep Ram Parts Center Auto Parts Store
-
Cox Chrysler Dodge Jeep Ram Service Center Auto Repair Shop
-
Cox Chrysler Dodge Jeep Ram Car Dealership
-
Cox Motors Used Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$740k
Blend (final)
Blend
$700k
Owner & transaction history
Cox Automotive Properties LLC · 6 yrs held
Cox Automotive Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
I 2 · Burlington, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$690,000
+14.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$600,000
Current use
COMMERCIAL (GENERAL)
$690,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$500,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$137 / 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
$14,703
Tax year 2023
Assessed value
$3,403,562
Assessed 2023
Previous assessed
$3,403,562
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$1,493,250
Assessed improvement
$1,910,312
Land market value
$1,493,250
Improvement market value
$1,910,312
Total market value
$3,403,562
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
3
Stories
1
Rooms
13
Bathrooms
1
Total area
5,110 SF
Lot
4.28 ac (186,437 SF)
Zoning code
I 2
APN
132538
UPID
US53-1967163
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$690,000
OFFICE BUILDING
Est. value
$500,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE 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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
13
Bathrooms
1
Lot
4.28 ac
Current owner
From public records · entity-resolved
Cox Automotive Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3771 POND RD, BURLINGTON, NC 27215-9058
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
$3,650,500
Cox Automotive Properties LLC
Perry E Nichols Properties LLC
Grant Deed
—
Feb 3, 2012
—
Perry E Nichols Properties LLC
Owner Name Unavailable
Grant Deed
related
—
Dec 30, 2011
—
Perry E Nichols
Owner Name Unavailable
Grant Deed
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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