Property profile

900 M.l.k. Jr Blvd Chapel Hill, NC 27514

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This 1674 square foot office space, located at 900 MLK Jr Blvd - Unit B, is perfect for a single tenant seeking a move-in ready location. Situated in a well-maintained office park with ample parking, green space, and picnic tables, this property offers a tranquil yet convenient work environment. The building underwent renovations in 2019, and a new roof and siding are scheduled for Fall 2024. The entire office park has also recently been refreshed. The unit itself boasts 5-7 private offices, two restrooms, a kitchenette, and laundry connections. The space features abundant natural light thanks to windows in every office, with blinds for light control. Flooring consists of luxury vinyl plank (LVP) in the entryway and conference area, and carpet throughout the remainder of the space. Main utilities are included. This property is conveniently located between the UNC campus and I-40 on MLK Jr Blvd, offering easy access to major transportation routes. A bus line is also conveniently located nearby. The surrounding area provides access to amenities such as the Root Cellar, Bolin Creek Trail, YMCA, and the Estes Drive corridor. The property is zoned as an Opportunity Zone. This two-story building does not have elevators.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

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

Location

900 M.l.k. Jr Blvd Chapel Hill, NC 27514
Chapel Hill metro
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Value estimations

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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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