Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11471 Club Dr Chapel Hill, NC 27517

    Sponsored
    For Sale
    $105,000

    LAND - Chapel Hill, NC

    Lot size:
    0.19 Acres
    Days on Market:
    275
    Last Refresh:
    Feb 5 at 4:06 pm

    Property Features for 11471 Club Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    R-1
    APN
    0067832
    Lot size
    0.19 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Michael Mauriello
    Michael Mauriello

    Coldwell Banker Howard Perry and Walston (919) 789-5200

    Listing agent Michael Mauriello (919) 619-2918

    Listing date May 7, 2025

    MLS# 10094506

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Governors Club Golf Course Lot

    This 0.19-acre golf course lot is located in Governors Club, a gated community. The property features a level pad suitable for the footprint of a home, with a sloping lot extending to the fairway. It overlooks the 7th hole on the Foothills Nine of a Jack Nicklaus-designed course. The clubhouse, which includes a restaurant and pro shop, is less than a 3-minute drive from the lot. House plans must be approved by the Architectural Review Board (ARB), and the builder must be on the ARB-approved list. There is no time limit on building. One approved plan is available in the documents. The zoning is R-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.041392
    Latitude
    35.847084

    Nearby Similar for Sale

    • New
      $849,900
      3,641 SF

      Spacious Updated Duplex in Chapel Hill

      Renovated 8BR duplex in Timberlyne, ideal for investors or homeowners.
      120 Kingston Dr, Chapel Hill, NC 27514
      View Details
    • $1,545,000
      7,371 SF

      Chapel Hill Investment Opportunity

      Nine-unit property near UNC-Chapel Hill with redevelopment potential.
      5 Howell St, Chapel Hill, NC 27514
      View Details
    • $1,049,999
      Pending

      Chapel Hill Duplex Near UNC

      Immaculate duplex near UNC campus, fully leased until July 2026.
      619 Coolidge St, Chapel Hill, NC 27516
      View Details
    • $650,000
      2,186 SF

      Chapel Hill Duplex For Sale

      Move-in ready duplex in Chapel Hill, convenient location.
      2125 Old Oxford Rd E unit A/B, Chapel Hill, NC 27514
      View Details
    • $3,600,000
      Pending

      Chapel Hill Restaurant Building

      Fully operational restaurant building for sale near the University.
      408 W Rosemary St, Chapel Hill, NC 27516
      View Details
    • $750,000
      2,769 SF

      New Chapel Hill Duplex Investment

      New construction duplex in Chapel Hill, ideal for investment.
      255 Erwin Rd, Chapel Hill, NC 27514
      View Details
    • $185,295
      1,132 SF

      Office Condo in Downtown Chapel Hill

      Office condo in shell condition, downtown Chapel Hill location.
      308 W Rosemary St, Chapel Hill, NC 27516
      View Details
    • $975,000
      0.46 Acres

      Chapel Hill Office Development Site

      Highly visible site with approved plans for office building.
      1751 Dobbins Dr, Chapel Hill, NC 27514
      View Details
    • $2,900,000

      Chapel Hill Office Building

      Two-story Class B office building in Chapel Hill, North Carolina.
      300 Silver Cedar Ct, Chapel Hill, NC 27514
      View Details
    • Contact for pricing
      113,000 SF

      Class A Office in Chapel Hill

      Luxury office space with retail, dining, and residential components.
      Environ Way, Chapel Hill, NC 27517
      View Details
    • $370,000
      1,386 SF

      Chapel Hill Townhouse with Porch

      One-level, three-bedroom townhouse in convenient Chapel Hill location.
      107 Woodbridge Ln, Chapel Hill, NC 27514
      View Details
    • $179,000
      955 SF

      Chapel Hill Condo Near UNC

      Move-in ready condo with easy access to amenities and UNC.
      500 Umstead Dr, Chapel Hill, NC 27516
      View Details

    FAQs

    What type of property is this?
    Land - Golf course lot in Governors Club with level building pad.
    Where is this land located?
    The property is located at 11471 Club Dr Chapel Hill, NC.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: - Golf course lot overlooking the 7th hole of a Jack Nicklaus designed course.; - Located in the gated community of Governors Club.; - Level building pad with sloping lot to fairway.
    (919) 619-2918
    Request Owner's contact information
    11471 Club Dr Chapel Hill, NC 27517
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11471 Club Dr
    Chapel Hill, NC 27517
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11471 Club Dr Chapel Hill, NC 27517
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Mauriello
    Michael Mauriello
    (919) 619-2918
    Learn more
    Google sign-in failed. Please try again or use another login method.