Add Listing
    For Lease
    • 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

    88 Vilcom Center Dr Chapel Hill, NC 27514

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office suites available near I-40 with natural light.

    Property size:
    1,422 SF
    Lot size:
    0.85 Acres

    Property Features for 88 Vilcom Center Dr

    General Information

    Size
    1,422 SF
    Lot size
    0.85 Acres

    We can help!

    Listing Contact
    David Morgan
    David Morgan
    Source: Moodyscre

    Listing Agency: Triangle Real Estate Services LLC Listing Agent: David Morgan

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

    Learn more

    Overview

    Office Space with Treetop Views

    Available for lease are two office suites. Suite 100 offers approximately 3,350 square feet, and Suite 181 provides around 1,422 square feet. Both are full-service leases. The space includes a mix of private offices and open areas, along with a large shared kitchen and a large conference room. The offices offer treetop views and natural light, with most offices featuring large windows. A glass office or conference room provides additional natural light. The location is near I-40 and within walking distance of banks, restaurants, and retail establishments.
    Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Postal Service Goodridge Family Dentistry Dental Office Juanita Lewis Sedotti, ... Accounting Firm Rose Group, CPAs Accounting Firm Dr. Sabrina Porcher-Fennell Dental Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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
    -79.0522454
    Latitude
    35.9652771

    Nearby Similar for Lease

    • $325,839
      12,090 SF

      Renovated Office Building with Solar

      Office space with modern amenities and logistical advantages for lease.
      605 Eastowne Dr, Chapel Hill, NC 27514
      View Details
    • New
      $2,776 /Mo
      1,586 SF

      Chapel Hill Office Space Available

      Office space for lease in a desirable Chapel Hill location.
      901 Willow Dr Unit, Chapel Hill, NC 27514
      View Details
    • $1,100 /Mo
      1,500 SF

      Chapel Hill Office Space Available

      1500 SF office space for rent in Chapel Hill.
      3300 Nc54, Chapel Hill, NC 27516
      View Details
    • Sponsored
      Contact for pricing

      NC, Chapel Hill - Governors Dr

      Discover many ways to work your way in NC, Chapel Hill - Governors Dr
      50101 Governors Dr, Chapel Hill, NC 27517
      View Details
    • Contact for pricing

      NC, Chapel Hill - E Frankin St

      Flexible workspace in IA, West Des Moines - Valley West Drive
      1506 Franklin St, Chapel Hill, NC 27514
      View Details
    • Sponsored
      New
      Contact for pricing

      Chapel Hill

      Discover many ways to work your way in Chapel Hill
      1340 Environ Way Chapel Hl, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space Near Chapel Hill

      Retail property with high visibility and easy highway access.
      11312 Us Highway 15 501 North, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      4,450 SF

      Retail Space Near UNC Campus

      Dynamic mixed-use project near UNC's campus on Franklin Street.
      123 West Franklin St, Chapel Hill, NC 27516
      View Details
    • Contact for pricing
      3,031 SF

      Creative Office Space in Chapel Hill

      Class A creative office space near UNC campus.
      200 West Franklin St, Chapel Hill, NC 27516
      View Details
    • $8 SF/Yr

      Industrial Space Near Major Highways

      Industrial building ideal for distribution, storage, shipping, or light manufacturing.
      144 Old Lystra Rd, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      8,715 SF

      Retail Space at Prime Location

      Retail space available at the intersection of W. Franklin and S. Graham.
      505 West Franklin St, Chapel Hill, NC 27516
      View Details
    • Contact for pricing

      Chapel Hill Shopping Center Space

      Upscale shopping center near UNC Chapel Hill for lease.
      W Barbee Chapel Rd, Chapel Hill, NC 27517
      View Details

    FAQs

    What type of property is this?
    Office units - Office suites available near I-40 with natural light.
    Where is this office units located?
    The property is located at 88 Vilcom Center Dr Chapel Hill, NC.
    What are key features of this property?
    This property features: - Full service lease available for two suite sizes: +/- 3,350 SF and +/- 1,422 SF; - Great location minutes from I-40 and walking distance to amenities.; - Mix of private offices, open areas, large shared kitchen, and large conference room.
    (919) 740-8040 Call to check price and availability
    Request Owner's contact information
    88 Vilcom Center Dr Chapel Hill, NC 27514
    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.
    88 Vilcom Center Dr
    Chapel Hill, NC 27514
    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
    88 Vilcom Center Dr Chapel Hill, NC 27514
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Morgan
    David Morgan
    Real Estate License ID: 43891
    (919) 740-8040 (919) 808-4545
    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!