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    FOR LEASE
    Office buildings

    517 Greensboro St 1st, Carrboro, NC 27510

    27,900 SF 1.61 ac lot Built 2003
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1773827
    Property summary
    AI-generated overview

    This exceptional 27,900 square foot medical office building, located at 517 S Greensboro Street in Carrboro, North Carolina, presents a unique investment opportunity. Built in 2002, this Class B building sits on a 1.613-acre lot and boasts 88 surface parking spaces (a 3.6/1,000 SF ratio). The property is currently vacant and ready for immediate occupancy, offering flexibility for a variety of medical or general office uses. The interior features a mix of private offices and open bullpen areas, catering to diverse operational needs. Its convenient location just off NC Highway 54 provides easy access and high visibility. The building is in excellent condition and includes elevator access on each floor. Situated in the highly desirable and competitive Carrboro market (Orange County), this property benefits from proximity to UNC Chapel Hill campus (five minutes away), as well as numerous restaurants and shopping options. The permitted zoning is M1/R75. The asking price is $6,800,000. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving North Carolina community.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2003
    Total area 27,900 SF
    Lot 1.61 ac (70,132 SF)
    Zoning code M1/R75
    APN 9778-83-0451
    UPID US53-1773827
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Targeted Reading Intervention High School Vocational School
    • National Early Childhood Center High School
    • Frank Porter Graham Child Development Institute - SherylMar North Building Research Institute School
    • Patriot Building Co Construction Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $7.07M
    Comparable Approach Comparable
    $9.36M
    Blend (final) Blend
    $7.16M
    Owner & transaction history
    Ana Property LLC · 8 yrs held
    Ana Property LLC
    since 2018
    4 recorded transactions
    2018
    $6.4M
    2015
    $5.0M
    2010
    2008
    Zoning & alternative use
    M1/R75 · Carrboro, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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