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    1506 E Franklin St Chapel Hill, NC 27514

    For Sale
    Contact for pricing

    Coworking space in Chapel Hill with value-add opportunity.

    Property size:
    5,000 SF
    Lot size:
    19.58 Acres

    Property Features for 1506 E Franklin St

    General Information

    Size
    5,000 SF
    Lot size
    19.58 Acres

    Source: RM REIM LLC Agent Lesley McAdams

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

    Overview

    Chapel Hill Coworking Space

    This 5,000-square-foot property in Chapel Hill is currently operating as a Regus coworking center. The operating agreement has approximately 4 years remaining (expiring in April 2029). The space will convey with furniture, allowing for continued operation as a Regus center. Plans are available for further office subdivisions to increase tenancy and revenue. Note that Office 309 has been split into 309A and 309B, which is not reflected on the floorplan. This property presents a value-add opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Humane Homes Wildlife ... Pest Control Service Dr. Devin Grant Podiatrist Kirk Woelffer Podiatrist Alan Boehm Podiatrist Dr. Richard Hauser Podiatrist

    Suggested Use

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

    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
    -79.031916
    Latitude
    35.932414

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    FAQs

    What type of property is this?
    Coworking space - Coworking space in Chapel Hill with value-add opportunity.
    Where is this coworking space located?
    The property is located at 1506 E Franklin St Chapel Hill, NC.
    What are key features of this property?
    This property features: - Existing Regus coworking center with operating agreement in place until April 2029.; - Value-add opportunity in Chapel Hill.; - Furniture included for continued operation as a Regus center.
    (919) 748-9780
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    1506 E Franklin St 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
    1506 E Franklin St Chapel Hill, NC 27514
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