Add Listing
    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

    71001 Everard Chapel Hill, NC 27517

    View on Map
    Sponsored
    For Sale
    $200,000

    LAND - Chapel Hill, NC

    Lot size:
    0.26 Acres
    Days on Market:
    25
    Last Refresh:
    Mar 17 at 2:06 pm

    Property Features for 71001 Everard

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    Residential
    APN
    0067422
    Lot size
    0.26 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Jill Ehrenfeld
    Jill Ehrenfeld

    Governors Club Realty (919) 968-8500

    Listing agent Jill Ehrenfeld (919) 260-6968

    Listing date Feb 20, 2026

    MLS# 10143808 Listing URL

    Copyright © 2026 Doorify MLS. 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

    Residential Land in Governors Club

    This is one of the few remaining undeveloped residential lots available in the sought-after Tryon Court neighborhood, situated within the Governors Club, which features a 27-hole Jack Nicklaus Signature golf course. The level lot spans 0.26 acres. Tryon Court is a walkable neighborhood with sidewalks. Residents have the option to join the Club and enjoy amenities such as tennis courts, an indoor pool, an outdoor pool and grill, a fitness center, and pickleball courts. The location offers convenient access to UNC, the airport, Duke University, Chatham Park, RDU, and medical facilities. The school bus stop is within walking distance. The exterior of homes have conformity requirements. Tryon Court includes a landscaping package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

    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
    -79.036196
    Latitude
    35.846672

    Nearby Similar for Sale

    • New
      $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
    • $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
    • New
      $650,000
      2,186 SF

      Chapel Hill Duplex Opportunity

      Move-in ready duplex in Chapel Hill, ideal for investors.
      2125 Old Oxford Rd E unit A/B, Chapel Hill, NC 27514
      View Details
    • $889,000
      3,000 SF

      Chapel Hill Duplex Investment Opportunity

      Two-unit property near Bolin Creek Trail with strong rental potential.
      100 Umstead Dr, Chapel Hill, NC 27516
      View Details
    • $849,900
      Pending

      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
    • $889,000
      3,000 SF

      Chapel Hill Multifamily Investment

      Two-unit property near Bolin Creek Trail in Chapel Hill.
      100 Umstead Dr, Chapel Hill, NC 27516
      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
    • $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
    • $2,900,000
      14,739 SF

      Chapel Hill Office Building For Sale

      Class B office building with flexible space in Chapel Hill.
      300 Silver Cedar Ct, Chapel Hill, NC 27514
      View Details
    • Contact for pricing

      Class A Office in Chapel Hill

      Luxury office space with retail, dining, and residential components.
      Environ Way, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      12,800 SF

      Chapel Hill Office Building For Sale

      East Franklin Street office building with lease income.
      1600 E Franklin St, Chapel Hill, NC 27514
      View Details
    • Contact for pricing

      Chapel Hill Venue on Franklin

      Renovated three-story venue with flexible floor plan in Chapel Hill.
      462 W Franklin St, Chapel Hill, NC 27516
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Undeveloped lot in desirable Tryon Court neighborhood.
    Where is this residential land & home lot located?
    The property is located at 71001 Everard Chapel Hill, NC.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Rare undeveloped lot in desirable Tryon Court within Governors Club.; - Access to Governors Club amenities including a 27-hole Jack Nicklaus Signature golf course, tennis, indoor/outdoor pools, fitness center, and pickleball.; - Walkable neighborhood with sidewalks and landscaping package for ease of living.
    (919) 260-6968
    Request Owner's contact information
    71001 Everard 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.
    71001 Everard
    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
    71001 Everard 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
    Jill Ehrenfeld
    Jill Ehrenfeld
    Real Estate License ID: 230608
    (919) 260-6968
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!