Carrboro Office Suite For
For Sale
$650,000
610 Jones Ferry Road Suite 205, Carrboro, NC 27510
Professional office suite in Carrboro, suitable for various businesses.
Property Size5,030 SF
Price / SF$212.84
Days on Market220
Property Features for 610 Jones Ferry Road Suite 205
General Information
Standard status
Active
Size
5,030 SF
Class
A
Property subtype
Office Condo
Building Details
Building Size
5,030 SF
Listing Agency:
SVN | Real Estate Associates
Listed By:
Whit Brannon · License #290173
(919) 667-6226
Source:
Svn
Added: Jan 27
Changed: Sep 3
Last Checked: Sep 4 at 4:13AM
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 SVN | Real Estate Associates
Investment Insights
Based on property information with market context.
Located in the Willow Creek Professional Center in Carrboro, Suite 200 is an office suite with a gross square footage of approximately 3,054. The second-floor space, formerly occupied by an optometrist, features a spacious waiting and reception area, multiple private offices and patient rooms, and numerous open areas. The building is clean and well-kept, offering abundant on-site parking and an underground parking deck. Monument signage is available at the center's entrance. The professional office suite is suitable for various types of businesses. The property is located seconds from NC Hwy 54 and approximately 1.5 miles from Chapel Hill and approximately 3 miles from UNC.
Key Highlights
- Convenient location seconds from NC Hwy 54 and minutes from Chapel Hill and UNC.
- Ample on‑site parking and an underground parking deck.
- Versatile ±3,054 GSF professional suite suitable for various businesses.
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
$47,166
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
7.26%
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%
$943,320
$943.3K
Cap Rate 7%
$673,800
$673.8K
Cap Rate 9%
$524,067
$524.1K
Market Conditions
NOI Build-Up for 3,054 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
$76.2K $24.96/SF
− Vacancy
−$13.3K −$4.37/SF
EGI
$62.9K $20.59/SF
− OpEx
−$15.7K −$5.15/SF
NOI
$47.2K $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%
$943,320
Cap Rate 7%
$673,800
Cap Rate 9%
$524,067
Alternative Uses
Best Use
Office B
$673.8K
$589.6K – $786.1K
NOI $47,166 @ 7.0% cap · market cap 7.26%
Second Best
Healthcare Medical
$600.3K
$525.3K – $700.4K
NOI $42,021 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$986.2K
$862.9K – $1.15M
NOI $69,032 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27510, NC
14,801
Population
7,671
Households
1.9
Avg Household Size
32
Median Age
65%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
4,625
Density / Sq Mi
$62,737
Median Household Income
$40,835
Median Earnings
$1,360
Median Rent
$439,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office suite in Carrboro, suitable for various businesses.
Where is this medical office space located?
The property is located at 610 Jones Ferry Road Suite 205 Carrboro, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Convenient location seconds from NC Hwy 54 and minutes from Chapel Hill and UNC.; Ample on‑site parking and an underground parking deck.; Versatile ±3,054 GSF professional suite suitable for various businesses.
