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    517 Greensboro St Carrboro, NC 27510

    Sponsored
    For Sale
    $6,800,000

    Prime location, vacant, 27,900 SF.

    Property size:
    27,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 517 Greensboro St

    General Information

    Property type
    Medical offices
    Square Feet
    27,900 SF
    Class
    B
    Lot Size
    70,262 SF

    Building Details

    Year Built
    2002

    HighLights

    • Price: Contact broker for details.
    • High‑visibility location on S. Greensboro St., near NC Hwy 54 in Carrboro.
    • Excellent condition; elevator service on all floors.
    • Abundant surface parking (88 spaces, 3.6/1,000 SF).
    • Close proximity to restaurants and shopping.
    • Five‑minute drive to UNC‑Chapel Hill.
    Property Profile Location Intelligence

    Current Use by Public Records

    Targeted Reading Intervention Educational Institution National Early Childhood ... School Frank Porter Graham ... Research Institute Patriot Building Co Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrboro
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0721849
    Latitude
    35.9027519

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    FAQs

    What type of property is this?
    Medical office - Prime location, vacant, 27,900 SF.
    Where is this medical office located?
    The property is located at 517 Greensboro St Carrboro, NC.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: Price: Contact broker for details.; High-visibility location on S. Greensboro St., near NC Hwy 54 in Carrboro.; Excellent condition; elevator service on all floors.
    Request Owner's contact information
    517 Greensboro St Carrboro, NC 27510
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    Carrboro, NC 27510
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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
    517 Greensboro St Carrboro, NC 27510
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