900 M.l.k. Jr Blvd Chapel Hill, NC 27514
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.