Property profile

122 Franklin St Chapel Hill, NC 27514

OFF-MARKET
Commercial real estate
Property ID
US53-2378736
3,030 SF 0.07 ac lot Built 1922
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1922
Total area 3,030 SF
Lot 0.07 ac (3,049 SF)
Zoning code TC-1
APN 9788-37-6261
UPID US53-2378736

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

122 Franklin St Chapel Hill, NC 27514-3616
Chapel Hill metro Census 11601 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2018
$1.4M

Zoning & alternative use

TC-1 · Chapel Hill, NC
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 c…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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