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Financial
Distress signals
Property profile

109 East Franklin St Chapel Hill, NC 27514

FOR SALE
Other commercial real estate
Property ID
US53-2430467
13,380 SF 0.18 ac lot Built 1930
Last sale Jul 2007 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of two multi-tenant retail buildings totaling 13,507 square feet located at 109–117 East Franklin Street in Chapel Hill, North Carolina. The buildings are configured to accommodate multiple local tenants and are situated along a well-known retail corridor in the Franklin Street area, which is associated with access to the University of North Carolina and the Chapel Hill UNC Medical Center.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$46k
Tax billed · 2023
Assessed value$2.72M
Assessed land$1.57M
Assessed improvement$1.14M
Effective rate1.70%

Value estimate

· Oct 2026
$1.85M
$1.66M – $2.03M
CAP approach$2.50M
Submarket $/SF estimate$2.08M
NOI build-up
Gross scheduled income$243k
Vacancy & credit loss−$18k
Operating expenses−$67k
NOI · 3.15% cap applied$157k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$836/SF
Submarket average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$306 – $1,387
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3.15%
$157k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TC-1
The town center (TC) districts are intended to provide for the development of the commercial, service and social center of Chapel Hill wh...
General categoryCIVIC_INSTITUTIONAL
JurisdictionORANGE

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility9.1
Locksmith9.1
Electrical Service8.7

Location

109 East Franklin St Chapel Hill, NC 27514
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
121 Franklin, Chapel Hill, NC 27514-3620 $2,100,000 May 2025 6,804 SF
1130 Weaver Dairy, Chapel Hill, NC 27514-1535 $2,100,000 Oct 2024 8,234 SF
1821 Fordham, Chapel Hill, NC 27514-2202 $2,000,000 May 2024 6,532 SF
110 Perkins, Chapel Hill, NC 27514-1783 $3,650,000 Jan 2021 6,904 SF
1700 Franklin, Chapel Hill, NC 27514-5851 $10,850,000 Jan 2020 24,383 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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