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    11624 Us 15th 501st N Chapel Hill, NC 27517-6015

    • Grocery and convenience stores
    • 6,782 SF
    • 2.96 lot acres
    OFF-MARKET
    Value Estimation
    $5,405,000
    Last Sale
    Dec 15, 2022
    $5,814,000
    Location Intelligence
    Property ID
    US53-1514183
    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

    • Grocery and convenience stores

    Property Details for 11624 Us 15th 501st N

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.96 lot acres
    Property size
    6,782 SF
    Zone code
    B-1
    Property type
    Grocery and convenience stores
    APN
    18876
    APU
    18876

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,980,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,010,000
      6.5%
      $6,030,000
      7%
      $6,475,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,205,000
      Geo Method
      $5,200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,940,000
      Retail
      $5,700,000
      Mixed-Use
      $6,860,000
      Hospitality
      $5,725,000
      Educational
      $6,190,000
      Residential Income
      $5,080,000
      Energy
      $5,830,000
      Income-Based Land
      $6,510,000
      Food Service
      $4,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.0885
    Latitude
    35.8483
    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
    $16,676
    $594,000
    $1,457,169
    $2,051,169
    -
    $594,000
    $1,457,169
    $2,051,169

    Comparable in this City

    • Value Estimation by Request
      45,811 SF

      50000 Governors Dr

      GROCERY, SUPERMARKET • 45,811 SF
      50000 Governors Dr, Chapel Hill, NC 27517-8628
      View Details
    • Value Estimation by Request
      3,066 SF

      6007 Farrington Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,066 SF
      6007 Farrington Rd, Chapel Hill, NC 27517-8822
      View Details
    • Value Estimation
      $635,000
      1,920 SF

      110 Stancell Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 1,920 SF
      110 Stancell Dr, Chapel Hill, NC 27517-9479
      View Details
    • Value Estimation by Request
      48,736 SF

      157 Chatham Downs Dr

      GROCERY, SUPERMARKET • 48,736 SF
      157 Chatham Downs Dr, Chapel Hill, NC 27517-6110
      View Details
    • Value Estimation by Request
      2,723 SF

      2229 Raleigh Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,723 SF
      2229 Raleigh Rd, Chapel Hill, NC 27517-8610
      View Details
    • Value Estimation by Request
      47,828 SF

      11312 Us 15th 501st N

      GROCERY, SUPERMARKET • 47,828 SF
      11312 Us 15th 501st N, Chapel Hill, NC 27517-6375
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

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      Prime Retail Space Available Now
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    • $35 SF/Yr
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    • $7 SF/Yr
      142,909 SF

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      Industrial building ideal for distribution, storage, shipping, or light manufacturing.
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      View Details
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    Chapel Hill, NC 27517-6015
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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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