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    Old Durham Rd & Cooper St Chapel Hill, NC 27517

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.88-acre outparcel, situated at the prominent intersection of Old Durham Road and Cooper Street in Chapel Hill, North Carolina, presents a unique investment opportunity. Zoned NC (Neighborhood Commercial), this property offers significant potential for a variety of retail uses. The site boasts 98 parking spaces, ensuring ample convenience for customers. Its location within the thriving Chapel Hill submarket, specifically near a Wegmans Center, guarantees high visibility and accessibility to a substantial consumer base. The single-tenant nature of the property simplifies management and leasing, making it an attractive option for investors seeking a low-maintenance, high-return asset. The property's 0.88-acre lot size provides ample space for development or redevelopment, allowing for flexibility in tenant selection and design. Located in Orange County, this property benefits from the strong economic growth and vibrant community of Chapel Hill, a highly desirable area in North Carolina. The address is easily accessible from major roadways, ensuring convenient access for both customers and employees. This prime retail location offers a compelling opportunity for long-term growth and profitability. The property is currently available for lease.

    Property Features for 0 Old Durham Rd & Cooper St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available space
    Size
    0 SF

    HighLights

    • 0.88‑acre outparcel shadow‑anchored by Wegmans in Chapel Hill, NC.
    • High barriers to entry in the Chapel Hill submarket.
    • Neighborhood Commercial (NC) zoning.
    • 98 parking spaces with cross‑access to Wegmans overflow parking.
    • Roundabout at primary entrance provides excellent Old Durham Road access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0087108
    Latitude
    35.9441977

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, excellent visibility.
    Where is this retail property located?
    The property is located at Old Durham Rd & Cooper St Chapel Hill, NC.
    What are key features of this property?
    This property features: 0.88-acre outparcel shadow-anchored by Wegmans in Chapel Hill, NC.; High barriers to entry in the Chapel Hill submarket.; Neighborhood Commercial (NC) zoning.
    Request Owner's contact information
    Old Durham Rd & Cooper St 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
    Old Durham Rd & Cooper St Chapel Hill, NC 27517
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