Storefront Space for Retail or
For Sale
$309,988
240 E Winmore Avenue C2, Chapel Hill, NC 27516
Flexible commercial space suitable for office or retail use in Chapel Hill.
Property Size777 SF
Price / SF$398.95
Days on Market82
Property Features for 240 E Winmore Avenue C2
General Information
Standard status
Active
Size
777 SF
Building Details
Year Built
2009
Listing Agency:
SERHANT North Carolina LLC
Listed By:
RRemida Shkoza · License #306342
(919) 428-4820
Source:
Burlingtonnchomes4sale
Added: Aug 10
Changed: Oct 26
Last Checked: Oct 28 at 12:15PM
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 SERHANT North Carolina LLC
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Investment Insights
Based on property information with market context.
Located at 240 E Winmore Avenue C2 in Chapel Hill, this storefront property offers 777 square feet for office or retail occupancy. The space is part of a 2009-built commercial property and provides a defined setting for a business operation.
Its storefront format supports a range of customer-facing or professional uses, while the office and retail suitability provides flexibility for businesses evaluating a Chapel Hill location. The property is identified as part of the Winmore Avenue area and carries a Chapel Hill, NC 27516 address.
Its storefront format supports a range of customer-facing or professional uses, while the office and retail suitability provides flexibility for businesses evaluating a Chapel Hill location. The property is identified as part of the Winmore Avenue area and carries a Chapel Hill, NC 27516 address.
Key Highlights
- 777 SF storefront property
- Suitable for office or retail use
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,000
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,000
$240.0K
Cap Rate 7%
$171,429
$171.4K
Cap Rate 9%
$133,333
$133.3K
Market Conditions
NOI Build-Up for 777 SF
Gross rent
$19.4K $24.96/SF
− Vacancy
−$3.4K −$4.37/SF
EGI
$16.0K $20.59/SF
− OpEx
−$4.0K −$5.15/SF
NOI
$12.0K $15.44/SF
Area
Orange County, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,000
Cap Rate 7%
$171,429
Cap Rate 9%
$133,333
Alternative Uses
Best Use
Office B
$171.4K
$150.0K – $200.0K
NOI $12,000 @ 7.0% cap · market cap 3.87%
Second Best
Retail
$129.4K
$113.2K – $150.9K
NOI $9,056 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$250.9K
$219.5K – $292.7K
NOI $17,563 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space suitable for office or retail use in Chapel Hill.
Where is this storefront property located?
The property is located at 240 E Winmore Avenue C2 Chapel Hill, NC.
What is the asking price?
The asking price for this property is $309,988.
What are key features of this property?
This property features: 777 SF storefront property; Suitable for office or retail use; Built in 2009
