Downtown Pittsboro Two-Level Office
For Sale
$1,300,000
72 Hillsboro St, Pittsboro, NC 27312
Two-level office building in Downtown Pittsboro with high visibility.
Property Size3,944 SF
Price / SF$329.61
Days on Market199
Property Features for 72 Hillsboro St
General Information
Standard status
Active
Size
3,944 SF
Building Details
Year Built
1998
Listing Agency:
Realty World Carolina Prop
Listed By:
Eric Andrews · License #177746
(919) 542-0523
Source:
Bonniestrowd
Added: Apr 15
Changed: Oct 25
Last Checked: Oct 7 at 4:41PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$60,911
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,220
$1.2M
Cap Rate 7%
$870,157
$870.2K
Cap Rate 9%
$676,789
$676.8K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$98.4K $24.96/SF
− Vacancy
−$17.2K −$4.37/SF
EGI
$81.2K $20.59/SF
− OpEx
−$20.3K −$5.15/SF
NOI
$60.9K $15.44/SF
Area
Chatham 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 Rate 5%
$1,218,220
Cap Rate 7%
$870,157
Cap Rate 9%
$676,789
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 27312, NC
21,572
Population
10,613
Households
2
Avg Household Size
51
Median Age
53%
College-Educated
95%
High-School Grad
170.9 sq mi
ZIP Area
126
Density / Sq Mi
$100,505
Median Household Income
$53,166
Median Earnings
$933
Median Rent
$423,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 St 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
