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Property profile

108 Merritt Ml Rd Chapel Hill, NC 27516

OFF-MARKET
Commercial real estate
Property ID
US53-2286427
0.11 ac lot
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.11 ac (4,792 SF)
Zoning code TC-2
APN 9788-06-6054
UPID US53-2286427

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2019
7 recorded transactions
2019
$546,000
2019
Price N/A
2019
$300,000
2019
Price N/A
2017
Price N/A
2006
$100,000
2006
Price N/A

Zoning & alternative use

TC-2 · Chapel Hill, NC
Zoning description

The town center (TC) districts are intended to provide for the development of the commercial, service and social center of Chapel Hill while maintaining its character, its pedestrian oriented scale, and its nature as a c…

General category CIVIC_INSTITUTIONAL

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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