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    920-B Martin Luther King Jr Blvd Chapel Hill, NC 27514

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    For Lease
    $1,617 /Mo ($7 SF/Yr)

    Well-maintained office park near I-40, Franklin St, and UNC.

    Property size:
    2,454 SF
    Lot size:
    2,454 SF

    Property Features for 920-B Martin Luther King Jr Blvd

    General Information

    Size
    2,454 SF

    Building Details

    Year built
    1979

    Source: Johnny Wehmann Agent Johnny Wehmann

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Centrally Located Office Condo

    Cedar Ridge is a well-maintained office park with ample green space. The centrally located office condo is situated between I-40, Franklin St, and the Blue Hill District, making it suitable for a professional services office user. Large windows provide natural light. The property is a few minutes' drive from Franklin St and convenient to I-40. It is in close proximity to the UNC campus and UNC hospitals, and near the Chapel Hill YMCA. The second-floor walk-up suite features eleven offices and two bathrooms. Ample on-site parking is available. The property is in a prime location on the Chapel Hill bus line, offering convenient commuter access. The space is 2454 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    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
    -79.0544787
    Latitude
    35.9311491

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    FAQs

    What type of property is this?
    Office space - Well-maintained office park near I-40, Franklin St, and UNC.
    Where is this office space located?
    The property is located at 920-B Martin Luther King Jr Blvd Chapel Hill, NC.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Prime location between I-40, Franklin St, and the Blue Hill District.; - Tenant Improvement Allowance offered to customize the space.; - Eleven offices, two bathrooms, and ample on-site parking.
    (919) 259-3618
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    920-B Martin Luther King Jr Blvd Chapel Hill, NC 27514
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    Realmo Value Estimation

    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.

    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.

    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
    920-B Martin Luther King Jr Blvd Chapel Hill, NC 27514
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