Property profile

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

OFF-MARKET
Retail properties & Spaces
2,000 SF 0.88 ac lot
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Property summary

AI-generated overview

This exceptional 2,000 square foot retail outparcel presents a compelling investment opportunity in the thriving Chapel Hill, North Carolina market. Situated on a 0.88-acre lot at the intersection of Old Durham Road and Cooper Street, this property benefits from a highly desirable NC (Neighborhood Commercial) zoning designation. The site enjoys a strategic location shadow-anchored by a Wegmans grocery store, ensuring high visibility and significant foot traffic. Adding to its appeal, the property includes 98 conveniently located parking spaces, providing ample parking for customers and employees. This parking is shared with the adjacent Wegmans, offering convenient cross-access and overflow parking capabilities. The property's accessibility is further enhanced by a roundabout at the primary entrance on Old Durham Road, ensuring easy ingress and egress. This combination of prime location, convenient parking, and favorable zoning makes this outparcel an ideal investment for a variety of retail uses. The high barriers to entry in the Chapel Hill submarket contribute to the long-term value and stability of this exceptional property. This is a rare opportunity to acquire a well-positioned retail asset in a highly sought-after location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,000 SF
Lot 0.88 ac (38,333 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Old Durham Rd & Cooper St Chapel Hill, NC 27517
Chapel Hill metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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