For Sale
$950,000
210 Purefoy Road A&b And 1-6, Chapel Hill, NC 27514
Apartment buildings
Property Size4,320 SF
Price / SF$219.91
Days on Market114
Property Features for 210 Purefoy Road A&b And 1-6
General Information
Standard status
Active
Size
4,320 SF
Building Details
Year Built
1937
Listing Agency:
Just Be Home Realty
Listed By:
Tracy F Wright · License #173232
(919) 933-0507
Source:
Barefootbrokers
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 7 at 12:53PM
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 Just Be Home Realty
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,729
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,580
$654.6K
Cap Rate 7%
$467,557
$467.6K
Cap Rate 9%
$363,656
$363.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$67.4K $15.60/SF
− Vacancy
−$7.9K −$1.83/SF
EGI
$59.5K $13.77/SF
− OpEx
−$26.8K −$6.20/SF
NOI
$32.7K $7.58/SF
Area
Orange County, NC
Vacancy
11.70%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,580
Cap Rate 7%
$467,557
Cap Rate 9%
$363,656
Alternative Uses
Best Use
Apartment 5plus
$467.6K
$409.1K – $545.5K
NOI $32,729 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,648 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,967
Businesses Nearby
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Business Placement
Demographics for 27514, NC
33,809
Population
11,470
Households
2.9
Avg Household Size
27
Median Age
80%
College-Educated
98%
High-School Grad
19.6 sq mi
ZIP Area
1,725
Density / Sq Mi
$94,167
Median Household Income
$25,145
Median Earnings
$1,491
Median Rent
$628,700
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this apartment building located?
The property is located at 210 Purefoy Road A&b And 1-6 Chapel Hill, NC.
What is the asking price?
The asking price for this property is $950,000.
