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    Property profile & analytics

    116 Main St Carrboro, NC 27510-2308

    • Office buildings
    • 1,782 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US53-1589914
    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

    • Nightsound Studios / Recording Studio
    • Twin House Music / Musical Instrument Store
    • Creative Music Performance / Event Venue
    • Weaver Street Realty / Real Estate Agency
    • Creative Music Instruction / Music School / Drum School

    Property Details for 116 Main St

    Year built
    1942
    Lot size
    0.05 lot acres
    Property size
    1,782 SF
    Zone code
    B1C
    Property type
    Office buildings
    APN
    9778-86-9178
    APU
    9778869178

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $480,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $460,000
      Mixed-Use
      $510,000
      Hospitality
      $400,000
      Educational
      $440,000
      Residential Income
      $440,000
      Energy
      $430,000
      Income-Based Land
      $510,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Carrboro
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0706
    Latitude
    35.9103
    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
    $5,116
    $124,800
    $173,400
    $298,200
    -
    $124,800
    $173,400
    $298,200

    Comparable in this City

    • Value Estimation by Request
      36,199 SF

      624 Jones Fry Rd

      OFFICE BUILDING • 36,199 SF
      624 Jones Fry Rd, Carrboro, NC 27510-2157
      View Details
    • Value Estimation by Request
      18,362 SF

      101 Renee Lynn Ct

      OFFICE BUILDING • 18,362 SF
      101 Renee Lynn Ct, Carrboro, NC 27510-6511
      View Details
    • Value Estimation by Request
      411 SF

      302 Weaver St Ste F

      OFFICE BUILDING • 411 SF
      302 Weaver St Ste F, Carrboro, NC 27510-6004
      View Details
    • Value Estimation
      $425,000
      1,106 SF

      205 Weaver St

      OFFICE BUILDING • 1,106 SF
      205 Weaver St, Carrboro, NC 27510-2019
      View Details
    • Value Estimation
      $375,000
      1,358 SF

      106 Cobb St

      OFFICE BUILDING • 1,358 SF
      106 Cobb St, Carrboro, NC 27510-1814
      View Details
    • Value Estimation
      $530,000
      1,765 SF

      210 Main St

      OFFICE BUILDING • 1,765 SF
      210 Main St, Carrboro, NC 27510-2028
      View Details

    Similar Nearby for Sale

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      27,900 SF

      Carrboro Medical Office Building

      Prime location, vacant, 27,900 SF.
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    • $1,600,000
      4,000 SF

      Carrboro Medical Office Investment Opportunity

      Stand-alone medical office near UNC with new five-year lease.
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    • $1,600,000
      4,000 SF

      Carrboro Medical Office Building

      Prime Medical Office, Carrboro, NC
      127 Fidelity St, Carrboro, NC 27510
      View Details
    • $1,789,000
      1.35 Acres

      Carrboro Land with Rental Income

      Carrboro property featuring a main house and three rental residences.
      1100 W Main St, Carrboro, NC 27510
      View Details
    • $625,000
      1,770 SF

      Carrboro Duplex Investment Opportunity

      Immaculately maintained duplex near Main Street and UNC.
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    Similar Nearby for Lease

    • $28 SF/Yr
      7,488 SF

      Carrboro Office Space For Rent

      Modern office space with glass offices, near shops and restaurants.
      601 W Main St, Carrboro, NC 27510
      View Details
    • $92 SF/Yr
      40,985 SF

      Carrboro Executive Suites For Lease

      Private Offices, Full-Service, Great Location
      610 Jones Ferry Rd, Carrboro, NC 27510
      View Details
    • Contact for pricing
      7,865 SF

      Carrboro Restaurant Space Available

      Prime Downtown Location, 3,265 SF
      102 Main St, Carrboro, NC 27510
      View Details
    • $1,450 /Mo

      Carrboro Renovated Apartment with Balcony

      Recently renovated 2-bedroom apartment with modern amenities and private balcony.
      121 Westview Dr, Carrboro, NC 27510
      View Details
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    116 Main St
    Carrboro, NC 27510-2308
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    Realmo Value Estimation

    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.

    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.

    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
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