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    Chapel Hill Office Building Title is generated by Realmo AI

    1600 E Franklin St, Chapel Hill, NC 27514

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    Office building for sale in Chapel Hill, North Carolina.

    Type:Office
    Property size:
    12,800 SF
    Price / SF:
    $179/SF
    Added:
    Feb 6, 2026
    Days on Market:
    150
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1600 E Franklin St

    General Information

    Standard status
    Active
    Size
    12,800 SF
    Property subtype
    Office

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    Michael Hickey

    Listing office Triangle Real Estate Services LLC

    Listing date Feb 6, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Triangle Real Estate Services LLC

    HighLights

    • No property information was provided.

    Overview

    This commercial real estate property, suitable for office use, is available for sale. The building has a size of 12,800 square feet and is located on E Franklin St in Chapel Hill, NC.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $319.5k $24.96
    − Vacancy −$55.9k −$4.37
    EGI $263.6k $20.59
    − OpEx −$65.9k −$5.15
    NOI $197.7k $15.44
    12,800 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.82M
    $2.47M – $3.29M (±1% cap)
    NOI $197,683 @ 7.0% cap · market cap 8.59%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.13M
    $3.62M – $4.82M (±1% cap)
    NOI $289,328 @ 7.0% cap · market cap 12.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bryan Guarnieri, Howard ... Real Estate Agency Tyler Priest Loan ... Loan Service Dianne Gray REALTOR Real Estate Agency Keith E. Green Real Estate Agency Sandie Reed, Howard ... Real Estate Agency

    Suggested Use

    Computer & Electronic Repair Electronics & Wireless Store Grocery & Convenience Store Department Store Tech Support Center Travel Agency (Bike/Boat/Book/etc) Store Storage Facility Plumbing Service Restaurant

    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
    -79.03077
    Latitude
    35.932908

    FAQs

    What type of property is this?
    Office building - Office building for sale in Chapel Hill, North Carolina.
    Where is this office building located?
    The property is located at 1600 E Franklin St Chapel Hill, NC.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: No property information was provided.
    More about this property
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