Retail Showroom Suite
For Sale
$309,988
240 East Winmore Avenue Unit C 2, Chapel Hill, NC 27516
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 Market173
Property Features for 240 East Winmore Avenue Unit C 2
General Information
Standard status
Active
Size
777 SF
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$2,738
Amenities
Central Air
Central
1
Yes
Hardwood
Brick
Storage, Other
No
Brick, Mixed Use
Accessible Common Area
Building Details
Year Built
2009
Buildings
1
Listing Agency:
SERHANT North Carolina LLC
Listed By:
RRemida Shkoza · License #306342
(919) 428-4820
Source:
Compass
Added: May 1
Changed: Oct 10
Last Checked: Oct 19 at 8:21AM
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,056
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,120
$181.1K
Cap Rate 7%
$129,371
$129.4K
Cap Rate 9%
$100,622
$100.6K
Market Conditions
NOI Build-Up for 777 SF
Gross rent
$14.0K $18.00/SF
− Vacancy
−$1.0K −$1.35/SF
EGI
$12.9K $16.65/SF
− OpEx
−$3.9K −$5.00/SF
NOI
$9.1K $11.66/SF
Area
Orange County, NC
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,120
Cap Rate 7%
$129,371
Cap Rate 9%
$100,622
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 authorities.
How Realmo checks its estimates
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Backsplashes Unlimited — 240 e winmore ave, chapel hill, nc 27516
Frequently Asked Questions
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 East Winmore Avenue Unit C 2 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
