Retail Showroom Suite
240 E Winmore Avenue C2 Chapel Hill, NC 27516
240 E Winmore Avenue C2, Chapel Hill, NC, 27516
$309,988
For Sale
$309,988
For-sale retail showroom suite designated as C2 in Orange County, with access off E. Winmore Ave.
Property Size777 SF
Price / SF$398.95
Days on Market73
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
(919) 428-4820
Listed by
RRemida Shkoza
(919) 428-4820
Source
Evrealestate
Added: May 10 Updated: Jul 21 at 12:51AM Checked: Jul 21 at 5:06AM
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
Investment Insights
Based on property information with market context.
This for-sale retail showroom suite is designated as unit C2 at 240 E Winmore Avenue. The offering is categorized within showrooms and retail properties & spaces, providing a dedicated commercial space for a tenant or owner-operator.
Access is provided from nearby arterial roads: take 86/MLK Blvd north, turn left on Homestead Rd, and then turn right on E. Winmore Ave. The property is located in Orange County, North Carolina.
Interested parties should confirm the current configuration and any permitted uses with the owner or listing agent, as the provided information does not include additional interior or site specifics.
Access is provided from nearby arterial roads: take 86/MLK Blvd north, turn left on Homestead Rd, and then turn right on E. Winmore Ave. The property is located in Orange County, North Carolina.
Interested parties should confirm the current configuration and any permitted uses with the owner or listing agent, as the provided information does not include additional interior or site specifics.
Key Highlights
- For‑sale retail showroom suite designated as C2 in Orange County
- Suite provides access off E. Winmore Ave
- Central air conditioning and central heating
Local Financial Insights For Retail
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 | $14.0k | $18.00 |
| − Vacancy | −$1.0k | −$1.35 |
| EGI | $12.9k | $16.65 |
| − OpEx | −$3.9k | −$5.00 |
| NOI | $9.1k | $11.66 |
777 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$129.4K
$113.2K – $150.9K
NOI $9,056 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Crystalline Boutique
Clothing & Fashion Store
Backsplashes Unlimited
Renovation Specialist
Similar For Sale Nearby
Similar Off Market Nearby
- Backsplashes Unlimited — 240 e winmore ave, chapel hill, nc 27516
FAQs
What type of property is this?
Showroom - For-sale retail showroom suite designated as C2 in Orange County, with access off E. Winmore Ave.
Where is this showroom 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: For‑sale retail showroom suite designated as C2 in Orange County; Suite provides access off E. Winmore Ave; Central air conditioning and central heating
