Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Chapel Hill Land Opportunity Title is generated by Realmo AI

    Old Durham Rd & Cooper St, Chapel Hill, NC 27517

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.88 acres shadow-anchored by Wegmans in Chapel Hill, NC.

    Type:Retail, Land
    Property size:
    2,000 SF
    Lot size:
    0.88 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    81
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for Old Durham Rd & Cooper St

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    0.88 Acres
    Property subtype
    Retail, Land

    We can help!

    Listing Contact
    Micah Groeber
    Micah Groeber

    Listing agent Micah Groeber License #275657

    Listing office Atlantic Capital Partners – Young

    Listing date Feb 20, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners – Young

    HighLights

    • Shadow anchored by Wegmans
    • High barriers of entry in Chapel Hill submarket
    • Current zoning is NC (Neighborhood Commercial)
    • Cross parking and cross access to Wegmans overflow parking (additional 98 spaces)
    • Roundabout at primary entrance allows for full access along Old Durham Road
    • 0.88 acres available

    Overview

    This 0.88-acre commercial land is available in Chapel Hill, North Carolina. The site is shadow-anchored by Wegmans and zoned NC (Neighborhood Commercial). The location benefits from high barriers to entry in the Chapel Hill submarket. A roundabout at the primary entrance facilitates full access along Old Durham Road. The property includes cross parking and cross access to Wegmans overflow parking, providing an additional 98 spaces adjacent to the site. The site is located at Old Durham Rd & Cooper St, Chapel Hill, NC 27517.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0222
    Latitude
    35.8707

    Nearby Similar for Sale

    • $975,000

      Chapel Hill Office Development Site

      Highly visible site with approved plans for office building.
      1751 Dobbins, Chapel Hill, NC 27514
      View Details
    • $300,000

      Chapel Hill Golf Community Land

      0.5 acre lot in The Preserve at Jordan Lake.
      15 Golfers Ridge Court, Chapel Hill, NC 27517
      View Details
    • $600,000
      2,200 SF

      Chapel Hill Duplex Investment

      Cash-flowing duplex near UNC, ideal for investors or owner-occupants.
      373 Umstead Drive, Chapel Hill, NC 27516
      View Details
    • $449,000

      Governors Club Estate Homesite

      One-acre homesite on the 17th fairway in Governors Club.
      23113 Umstead, Chapel Hill, NC 27517
      View Details
    • $1,150,000
      4,320 SF

      Chapel Hill Multifamily Redevelopment Opportunity

      Prime location near UNC with redevelopment potential on 1.79 acres.
      210 Purefoy Road, Chapel Hill, NC 27514
      View Details
    • $2,100,000
      3,240 SF

      Chapel Hill Redevelopment Opportunity

      2.4 acres of land suitable for multifamily development.
      870 Weaver Dairy Road, Chapel Hill, NC 27514
      View Details
    • $700,000

      Chapel Hill Estate Lot

      Private 3.15-acre lot in desirable Chapel Hill location.
      Secretariat Court lot: 14, Chapel Hill, NC 27516
      View Details
    • $185,295
      1,132 SF

      Office Condo in Downtown Chapel Hill

      Office condo in shell condition, downtown Chapel Hill location.
      308 W Rosemary Street, Chapel Hill, NC 27516
      View Details
    • $350,000

      Wooded Lot in Chapel Hill

      Private, buildable lot near Chapel Hill amenities.
      7304 Oak Leaf Drive, Chapel Hill, NC 27517
      View Details
    • $480,000

      Chapel Hill Homesite Opportunity

      6.14-acre homesite near Chapel Hill and Jordan Lake.
      7 Edwards Ridge Road, Chapel Hill, NC 27517
      View Details
    • $428,000

      Jordan Lake Homesite Opportunity

      5-acre property near Jordan Lake with approved perc test.
      294 The Glades, Chapel Hill, NC 27517
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.88 acres shadow-anchored by Wegmans in Chapel Hill, NC.
    Where is this commercial land located?
    The property is located at Old Durham Rd & Cooper St Chapel Hill, NC.
    What are key features of this property?
    This property features: Shadow anchored by Wegmans; High barriers of entry in Chapel Hill submarket; Current zoning is NC (Neighborhood Commercial)
    (704) 697-1900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Micah Groeber
    Micah Groeber
    Real Estate License ID: 275657
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Old Durham Rd & Cooper St, Chapel Hill, NC 27517
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!