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Property profile & analytics
FOR SALE
Commercial real estate
109 East Franklin St Chapel Hill, NC 27514
Entity Owned
18-yr Hold
Free & Clear
Property ID
US53-2430467
For Sale
1 / 9
$5,000,000
109 East Franklin St, Chapel Hill, NC 27514
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
13,380 SF
Lot
0.18 ac (7,841 SF)
Zoning code
TC-1
APN
9788-37-5329
UPID
US53-2430467
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.85M
Owner & transaction history
E Franklin Street Property LLC · 18 yrs held
E Franklin Street Property LLC
since 2008
3 recorded transactions
Zoning & alternative use
TC-1 · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 concentration of business, administrative, financial, governmental and support functions serving the community and to encourage further resid…
Zone name
Town Center 1
General category
CIVIC_INSTITUTIONAL
Zone area
6.47 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chapel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapel Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,710,000
6.5%
$2,500,000
7%
$2,320,000
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,173
Tax year 2023
Assessed value
$2,715,200
Assessed 2023
Previous assessed
$2,715,200
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,573,000
Assessed improvement
$1,142,200
Land market value
$1,573,000
Improvement market value
$1,142,200
Total market value
$2,715,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1930
Heating
YES
Stories
2
Total area
13,380 SF
Lot
0.18 ac (7,841 SF)
Zoning code
TC-1
APN
9788-37-5329
UPID
US53-2430467
Jurisdiction
ORANGE
Zoning & alternative use
TC-1 · Chapel Hill, NCZoning TC-1 · permitted uses
TC-1 · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 concentration of business, administrative, financial, governmental and support functions serving the community and to encourage further residential development in the central area of Chapel Hill
Zone name
Town Center 1
General category
CIVIC_INSTITUTIONAL
Zone area
6.47 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1930
Heating
YES
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
E Franklin Street Property LLC
Entity
Free & Clear · 18 yrs held
Mailing address
109 E FRANKLIN ST STE #200, CHAPEL HILL, NC 27514-3564
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2008
—
E Franklin Street Property LLC
Sunpocket Realty LLC
Warranty Deed
related
—
Jul 13, 2007
$1,900,000
Sunpocket Realty LLC
Durham Ollie S
Warranty Deed
—
Jul 13, 2007
—
Sunpocket Realty LLC
Durham Ollie S
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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