120 Banks Dr, Chapel Hill, NC 27514-1577
This exceptional Class A medical office building, located at 120 Banks Drive in Chapel Hill, North Carolina, offers 10,106 square feet of vacant space in a single-tenant, 20,000 square foot building. Completely renovated in 2023, the property boasts a striking 11-foot ceiling height and abundant natural light, creating a bright and welcoming atmosphere. The space is highly adaptable, easily divisible into two suites of approximately 3,000 and 7,000 square feet, providing flexibility for practices of various sizes. A modern, beautifully designed lobby creates a professional first impression for patients. Ample parking is available, with a ratio of 4.5 spaces per 1,000 square feet. The convenient location offers easy access to I-40 and is within walking distance of numerous restaurants and coffee shops. Its adjacency to Raleigh Radiology provides a synergistic environment for medical businesses. This property presents a unique opportunity to establish or expand a medical practice in a thriving Chapel Hill location. The building features one story and is situated in Orange County, NC, zip code 27514.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Chapel Hill, NCChapel Hill. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.