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 Market32
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: Sep 9
Last Checked: Sep 9 at 10:04PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
