Downtown Pittsboro Two-Level Office
72 Hillsboro Pittsboro, NC 27312
For Sale
$1,300,000
Two-level office building in Downtown Pittsboro with high visibility.
Property Size3,944 SF
Price / SF$329.61
Days on Market102
Property Features for 72 Hillsboro
General Information
- Standard status
- Active
- Size
- 3,944 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing Agency:
REALTY WORLD CAROLINA PROP
(919) 545-9911
Listed By:
ERIC ANDREWS · License #177746
Source:
Corcoran
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 25 at 7:51AM
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 REALTY WORLD CAROLINA PROP
Investment Insights
Based on property information with market context.
This two-level brick office building is located in Downtown Pittsboro, offering visibility along Hillsboro Street in a rapidly growing corridor. The layout supports various office configurations, including shared workspace concepts, with potential for common bathrooms and a breakroom. It is suitable for multiple tenants or a collaborative business environment. An adjoining parking lot provides on-site parking, with additional public options nearby. A recorded survey is available, and established easements ensure access and functionality. The property has strong rental potential for investors or owner-occupants seeking long-term growth. The property is not currently suited for restaurant use. The location is surrounded by Chatham Park, Disney/Asteria, rapidly growing Pittsboro development, and increasing foot traffic, presenting potential for establishing a presence in a dynamic downtown corridor. The property size is 3944 square feet.
Key Highlights
- Prime location in rapidly growing Downtown Pittsboro corridor with high visibility on Hillsboro Street
- Adjoining parking lot provides convenient on‑site parking
- Strong rental potential for investors or owner‑occupants
Financial Insights For Office B
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 | $98.4k | $24.96 |
| − Vacancy | −$17.2k | −$4.37 |
| EGI | $81.2k | $20.59 |
| − OpEx | −$20.3k | −$5.15 |
| NOI | $60.9k | $15.44 |
3,944 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$870.2K
$761.4K – $1.02M
NOI $60,911 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,149 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
United Way
Social Service Agency
Edwards & Trenkle Trial ...
Law Firm
FAQs
What type of property is this?
Office building - Two-level office building in Downtown Pittsboro with high visibility.
Where is this office building located?
The property is located at 72 Hillsboro Pittsboro, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location in rapidly growing Downtown Pittsboro corridor with high visibility on Hillsboro Street; Adjoining parking lot provides convenient on‑site parking; Strong rental potential for investors or owner‑occupants
