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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Parking lots & garages
Main St Burlington, NC 27217
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-3558478
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Lot
0.09 ac (3,833 SF)
Zoning code
B 2
APN
136060
UPID
US53-3558478
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
$2.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
Southland Electrical Supply LLC · 3 yrs held
Southland Electrical Supply LLC
since 2023
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
B 2 · Burlington, NC
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
$2,815,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±10% · vs last sale $2.72M (Jun 12 2023)
Last sale anchor
$2.72M
Jun 12 2023
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
—
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
$49
Tax year 2023
Assessed value
$11,337
Assessed 2023
Previous assessed
$11,337
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$8,241
Assessed improvement
$3,096
Land market value
$8,241
Improvement market value
$3,096
Total market value
$11,337
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Heating
NONE
Lot
0.09 ac (3,833 SF)
Zoning code
B 2
APN
136060
UPID
US53-3558478
Jurisdiction
ALAMANCE
Zoning & alternative use
B 2 · Burlington, NCZoning B 2 · permitted uses
B 2 · Burlington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Burlington UDO 10 1 24
Building & site characteristics
From public records
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Southland Electrical Supply LLC
Entity
Free & Clear · 3 yrs held
Mailing address
250 EXECUTIVE CTR DR STE #201, GREENVILLE, SC 29615-4575
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$2,716,500
Southland Electrical Supply LLC
Griggs Associates LLC
Special Warranty Deed
—
Jun 8, 2022
—
Griggs Associates LLC
—
Deed
related
$312,000 · First National Bank Of Pennsylvania
Dec 22, 2016
—
Griggs Associates LLC
—
Deed
related
$243,750 · Wells Fargo Bank NA
Oct 24, 2008
—
Griggs Associates LLC
Griggs,james H & Virginia H
Quit Claim 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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