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    Property profile & analytics

    127 Fidelity St Carrboro, NC 27510

    • Office buildings
    • 4,000 SF
    • 0.58 lot acres
    For Sale
    View listing
    $1,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1642078
    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

    • Carrboro Pediatrics & Internal: Behling Karen MD / Internist / Pediatrician
    • Dr. Deanna K. Branscom, MD / Internist
    • CARRBORO PEDIATRICS AND INTERNAL MEDICINE / Pediatrician
    • Dr. Kerith D. Lawrence, MD / Internist / Pediatrician
    • Carrboro Pediatrics & Internal Medicine / Internist / Pediatrician

    Property Details for 127 Fidelity St

    Year built
    1981
    Lot size
    0.58 lot acres
    Property size
    4,000 SF
    Zone code
    B3/R10
    Property type
    Office buildings
    APN
    9778-56-6693
    APU
    9778566693

    Description

    This exceptional 4,000 square foot medical office building presents a compelling investment opportunity in the thriving Carrboro, North Carolina market. Situated on a 0.58-acre lot, this single-story building, constructed in 1981 and extensively renovated in 2008, features a modern interior design. The property includes nine offices and seven exam rooms, making it ideally suited for a variety of medical practices. Its convenient location offers easy access to local amenities, including restaurants and shops within walking distance, and is less than two miles from the University of North Carolina's main campus. The building benefits from solar panels and ample parking. The property is zoned B3 (Neighborhood Business) and has an asking price of $1,600,000, translating to $400 per square foot. This stand-alone building offers a unique chance to acquire a well-maintained, income-producing asset in a high-demand area. The property's proximity to UNC Chapel Hill, a rapidly expanding hub for residential, retail, office, and life science development, further enhances its long-term investment potential. The property's APN is 9778566693.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $763,000
      Market price range: $518k - $1.24M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carrboro
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0817
    Latitude
    35.9116
    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
    $14,155
    $596,500
    $231,700
    $828,200
    -
    $596,500
    $231,700
    $828,200

    Comparable in this City

    • Value Estimation
      $1,580,000
      36,199 SF

      624 Jones Fry Rd

      OFFICE BUILDING • 36,199 SF
      624 Jones Fry Rd, Carrboro, NC 27510-2157
      View Details
    • Value Estimation
      $810,000
      18,362 SF

      101 Renee Lynn Ct

      OFFICE BUILDING • 18,362 SF
      101 Renee Lynn Ct, Carrboro, NC 27510-6511
      View Details
    • Value Estimation
      $365,000
      411 SF

      302 Weaver St Ste F

      OFFICE BUILDING • 411 SF
      302 Weaver St Ste F, Carrboro, NC 27510-6004
      View Details
    • Value Estimation
      $345,000
      1,106 SF

      205 Weaver St

      OFFICE BUILDING • 1,106 SF
      205 Weaver St, Carrboro, NC 27510-2019
      View Details
    • Value Estimation
      $445,000
      1,358 SF

      106 Cobb St

      OFFICE BUILDING • 1,358 SF
      106 Cobb St, Carrboro, NC 27510-1814
      View Details
    • Value Estimation
      $535,000
      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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      Carrboro Medical Office Building

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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.
      127 Fidelity St, Carrboro, NC 27510
      View Details
    • $1,600,000
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      Carrboro Medical Office Building

      Prime Medical Office, Carrboro, NC
      127 Fidelity St, Carrboro, NC 27510
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    • New
      $350,000
      0.32 Acres

      Carrboro Land Near UNC Campus

      Residential land in Carrboro, walking distance to UNC Chapel Hill.
      135 Gary Rd, Carrboro, NC 27510
      View Details
    • New
      $1,300,000
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      Carrboro property featuring a main house, rentals, and storage sheds.
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      Carrboro Duplex Near Main Street

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    Similar Nearby for Lease

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    • $92 SF/Yr
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      Carrboro Executive Suites For Lease

      Private Offices, Full-Service, Great Location
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    • Contact for pricing
      7,865 SF

      Carrboro Restaurant Space Available

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    • $1,450 /Mo

      Carrboro Renovated Apartment with Balcony

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      View Details
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    127 Fidelity St
    Carrboro, NC 27510
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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