Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    101 Conner Dr, Unit 406 Chapel Hill, NC 27514-7038

    • Office properties & Spaces
    • 854 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2379235
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kids On Up Psychotherapy, Inc. / Psychotherapist / Social Worker
    • Miller Arlene Nich MD / Physician
    • Dr. Jason R. Rothman, MD / Physician / Medical Clinic
    • Avalon Medical Group / Pediatrician / Physician
    • Heather Fayhee, FNP / Physician

    Property Details for 101 Conner Dr

    Year built
    1986
    Lot size
    1.00 lot acres
    Property size
    854 SF
    Zone code
    CC/OI-2
    Property type
    Office properties & Spaces
    APN
    9799-03-8088.009
    APU
    9799038088009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0306
    Latitude
    35.9293
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,614
    $0.00
    $144,700
    $144,700
    -
    $0.00
    $144,700
    $144,700

    Comparable in this City

    • Value Estimation by Request
      650 SF

      Chapel Hill, NC 27514

      CONDOMINIUM OFFICES • 650 SF
      Chapel Hill, NC 27514
      View Details
    • Value Estimation by Request
      1,032 SF

      861 Willow Dr Ste 1a

      CONDOMINIUM OFFICES • 1,032 SF
      861 Willow Dr Ste 1a, Chapel Hill, NC 27514-7076
      View Details
    • Value Estimation by Request
      896 SF

      1829 Franklin St Ste, Unit 600

      CONDOMINIUM OFFICES • 896 SF
      1829 Franklin St Ste, Chapel Hill, NC 27514-5863
      View Details
    • Value Estimation by Request
      1,056 SF

      101 Cloister Ct Ste D

      CONDOMINIUM OFFICES • 1,056 SF
      101 Cloister Ct Ste D, Chapel Hill, NC 27514-2207
      View Details
    • Value Estimation by Request
      1,056 SF

      101 Cloister Ct Ste C

      CONDOMINIUM OFFICES • 1,056 SF
      101 Cloister Ct Ste C, Chapel Hill, NC 27514-2207
      View Details
    • Value Estimation
      $720,000
      2,496 SF

      104 Elliott Rd Ste B

      CONDOMINIUM OFFICES • 2,496 SF
      104 Elliott Rd Ste B, Chapel Hill, NC 27514-5837
      View Details

    Similar Nearby for Sale

    • $975,000
      0.46 Acres

      Chapel Hill Office Development Site

      Highly visible site with approved plans for office building.
      1751 Dobbins Dr, Chapel Hill, NC 27514
      View Details
    • Contact for pricing
      4,716 SF

      Modern Office Condo Near UNC

      Office condo near I-40, downtown Chapel Hill, and UNC campus.
      101 Cosgrove Ave, Chapel Hill, NC 27514
      View Details
    • $2,900,000
      14,739 SF

      Chapel Hill Office Building For Sale

      Class B office building with flexible space in Chapel Hill.
      300 Silver Cedar Ct, Chapel Hill, NC 27514
      View Details
    • Contact for pricing
      9,800 SF

      Chapel Hill Freestanding Building

      Two-story building on 0.66 acres in established commercial corridor.
      110 S Estes Dr, Chapel Hill, NC 27514
      View Details
    • Contact for pricing
      1,453 SF

      Eastowne Office Condo For Sale

      Office condo in Eastowne, currently occupied by a medical practice.
      150 Providence Rd, Chapel Hill, NC 27514
      View Details
    • Contact for pricing
      12,800 SF

      Chapel Hill Office Building

      Office building for sale in Chapel Hill, North Carolina.
      1600 E Franklin St, Chapel Hill, NC 27514
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Chapel Hill Office Space

      Office space available for lease in Chapel Hill, NC.
      88 Vilcom Center Dr, Chapel Hill, NC 27514
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 101 Cosgrove Ave, Chapel Hill.
      101 Cosgrove Ave, Chapel Hill, NC 27514
      View Details
    • Contact for pricing
      3,000 SF

      Class A Office Space Available

      Prime office space near UNC, food, and retail.
      201 Sage Rd, Chapel Hill, NC 27514
      View Details
    • $2,776 /Mo
      1,586 SF

      Chapel Hill Office Space Available

      Office space for lease in a desirable Chapel Hill location.
      901 Willow Dr Unit, Chapel Hill, NC 27514
      View Details
    • $5,250 /Mo
      3,000 SF

      Professional Office Suite in Chapel Hill

      Adaptable office suite near UNC & downtown Chapel Hill.
      101 Connor Dr, Chapel Hill, NC 27514
      View Details
    • Contact for pricing
      1,422 SF

      Office Space with Treetop Views

      Office suites available near I-40 with natural light.
      88 Vilcom Center Dr, Chapel Hill, NC 27514
      View Details

    Property Visit Statistics

    • Visits by month
      5.6k
    • Visitors by month
      4.5k
    • Avg Time on site
      13 min
    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.
    101 Conner Dr, Unit 406
    Chapel Hill, NC 27514-7038
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!