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    5002 Barbee Chapel Rd Chapel Hill, NC 27517

    Sponsored
    For Sale
    Contact for pricing

    Prime Meadowmont location, 59,696 SF, vacant.

    Property size:
    59,696 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 59,696 square foot vacant office building presents a unique investment opportunity in Chapel Hill's desirable Meadowmont District. Situated on a substantial 2,337-acre lot, this property offers unparalleled flexibility for a major tenant seeking a prominent presence in this thriving community. The site boasts a prime location with convenient access to I-40, providing excellent connectivity for employees and clients. Building sign rights along Highway 54 offer exceptional visibility and branding opportunities. The Meadowmont District itself is a vibrant, pedestrian-friendly village encompassing a diverse mix of residential options, retail establishments including a 50,000 square foot Harris Teeter grocery store, restaurants, civic spaces, public parks, and alternative transportation options. This permit-ready site allows for a customized building design to perfectly meet the specific needs of a discerning tenant, creating a truly distinctive gateway project into Chapel Hill. The property's size and location make it ideal for a variety of uses, offering a strong return on investment in a highly sought-after area. The address is 5002 Barbee Chapel Rd, Chapel Hill, NC 27517, in Durham County.

    Property Features for 5002 Barbee Chapel Rd

    General Information

    Property type
    Office space
    Square Feet
    59,696 SF
    Lot Size
    101,799,720 SF

    HighLights

    • 59,696 SF vacant office building in Chapel Hill's Meadowmont District.
    • 2.337‑acre lot with I‑40 access and Highway 54 signage.
    • Permit‑ready site for customized building design.
    • Prime location in a vibrant, mixed‑use district with amenities including a Harris Teeter.
    • Strong ROI potential in a highly sought‑after area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Durham
    State
    North Carolina
    Longitude
    -79.0078293
    Latitude
    35.9011954

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    FAQs

    What type of property is this?
    Office space - Prime Meadowmont location, 59,696 SF, vacant.
    Where is this office space located?
    The property is located at 5002 Barbee Chapel Rd Chapel Hill, NC.
    What are key features of this property?
    This property features: 59,696 SF vacant office building in Chapel Hill's Meadowmont District.; 2.337-acre lot with I-40 access and Highway 54 signage.; Permit-ready site for customized building design.
    Request Owner's contact information
    5002 Barbee Chapel Rd Chapel Hill, NC 27517
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    Chapel Hill, NC 27517
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5002 Barbee Chapel Rd Chapel Hill, NC 27517
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