Entity Owned 
For Lease
1 / 9
$129-$13,514/Mo per office
517 Greensboro St Unit 1ST,Unit 1st, Carrboro, NC 27510
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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
Current use
Occupant on record · Public records
-
High School Vocational School
-
High School
-
Research Institute School
-
Construction Company
Location
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
since 2018
4 recorded transactions
Zoning & alternative use
M1/R75 · Carrboro, NC
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.16M
Value range
$6.44M – $7.88M
±10% around blend
Estimated value / SF
$257 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$6.44M
blend $7.16M
$7.88M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,900 SF
Lot area
1.61 ac
Year built
2003
Stories
2
APN
9778-83-0451
Zoning
M1/R75
Assessed value
$5,480,100
Annual tax
$91,420
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.66M
@ 6.5% CAP return
$7.07M
@ 7% CAP return
$6.57M
4
Sales comparison
Partial preview
Sales approach indication
$9.36M
Range $7.24M – $17.78M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.16M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 116 sales
$407
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $257/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.48M
Move the market yield to see immediate price impact.
Value / SF
$196
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$345k
$6.90M
$4.93M
$3.84M
$384k
$7.67M
$5.48M
$4.26M
$422k
$8.44M
$6.03M
$4.69M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$91,420
Tax year 2023
Assessed value
$5,480,100
Assessed 2023
Previous assessed
$5,480,100
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$2,576,000
Assessed improvement
$2,904,100
Land market value
$2,576,000
Improvement market value
$2,904,100
Total market value
$5,480,100
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Heating
NONE
Stories
2
Total area
27,900 SF
Lot
1.61 ac (70,132 SF)
Zoning code
M1/R75
APN
9778-83-0451
UPID
US53-1773827
Jurisdiction
ORANGE
Zoning & alternative use
M1/R75 · Carrboro, NCZoning M1/R75 · permitted uses
M1/R75 · Carrboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
2
Lot
1.61 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1/R75
Jurisdiction
Carrboro, NC
Recorded code
M1/R75
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1/R75 in Carrboro, NC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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