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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
123 Kingston Dr Ste 105a, Chapel Hill, NC 27514-1651
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2369355
Property summary
AI-generated overview
This exceptional 3,000 square foot creative office space is available for immediate lease at 123 Kingston Dr in Chapel Hill, Orange County. Located on the second floor of a two-story Class B building, this single-tenant property offers a flexible layout perfect for a variety of businesses. Built in 1983, the building boasts a total of 6,000 square feet, with 3,000 square feet currently vacant. The high ceilings, measuring 11 feet, create an airy and spacious atmosphere. The property's location in the heart of Chapel Hill provides excellent access to amenities and a vibrant business community. This adaptable space is ideal for businesses seeking a unique and inspiring work environment. The property is ready for immediate occupancy, allowing for a swift and seamless transition for your business. This is a rare opportunity to secure a well-located, versatile office space in a desirable area. The property's 3,000 square feet provides ample room for growth and expansion, making it an excellent choice for businesses of all sizes. Don't miss this chance to establish or expand your business in this sought-after location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
1,025 SF
Lot
1 ac (43,560 SF)
Zoning code
OI-2/R-1
APN
9880-54-2910.001
UPID
US53-2369355
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Center for Emotional Health- Chapel Hill Kingston Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Kuiwadee Yung · 3 yrs held
Kuiwadee Yung
since 2023
Last sale
$635,000
3 recorded transactions
Zoning & alternative use
OI-2/R-1 · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+111.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chapel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapel Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +112% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $635k (Jul 7 2023)
Last sale anchor
$635k
Jul 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$532 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,013
Tax year 2023
Assessed value
$112,500
Assessed 2023
Previous assessed
$112,500
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed improvement
$112,500
Improvement market value
$112,500
Total market value
$112,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
YES
Stories
1
Total area
1,025 SF
Lot
1 ac (43,560 SF)
Zoning code
OI-2/R-1
APN
9880-54-2910.001
UPID
US53-2369355
Jurisdiction
ORANGE
Zoning & alternative use
OI-2/R-1 · Chapel Hill, NC
Zoning OI-2/R-1 · permitted uses
OI-2/R-1 · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapel Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$855,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
YES
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Kuiwadee Yung
Individual
Mailing address
104 OLD MARKHAM PLPI, CHAPEL HILL, NC 27514-5230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
$635,000
Kuiwadee Yung
Kingston Investor LLC
Warranty Deed
$238,807 · Townebank
Sep 30, 2020
—
Kingston Investor LLC
Kingston A & B LLC
Quit Claim Deed
$1,200,000 · Kingston Lender LLC
Apr 21, 2017
—
Kingston A & B LLC
Howell Dennis H
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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