Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
1525 Franklin St Ste 5a Chapel Hill, NC 27514-2811
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-2293380
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
1,403 SF
Lot
1 ac (43,560 SF)
APN
9799-04-5771.007
UPID
US53-2293380
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
-
chapel hill dentist - stephen m. pieroni dds - dentist chapel hill, nc Dental Office
-
Jones Orthodontics Dental Office
-
North Carolina Association of Orthodontist Dental Office
-
Gartner Anne MD Physician
-
97.9 The Hill WCHL and Chapelboro.com (Chapel Hill Media Group) Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mill House Capital Holdings LLC
Mill House Capital Holdings LLC
since 2026
Last sale
$270,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,855
Tax year 2023
Assessed value
$222,300
Assessed 2023
Previous assessed
$222,300
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed improvement
$222,300
Improvement market value
$222,300
Total market value
$222,300
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
1995
Heating
YES
Stories
1
Total area
1,403 SF
Lot
1 ac (43,560 SF)
APN
9799-04-5771.007
UPID
US53-2293380
Jurisdiction
ORANGE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1995
Heating
YES
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Mill House Capital Holdings LLC
Entity
Mailing address
525 E FRANKLIN ST, CHAPEL HILL, NC 27514-3710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
$275,000
Mill House Capital Holdings LLC
A Penny Saved INC
Warranty Deed
$246,000 · First Bank
Oct 31, 2023
$270,000
A Penny Saved INC
East Franklin Properties LLC
Warranty Deed
$200,000 · First Bank
Nov 14, 2022
—
East Franklin Properties LLC
—
Deed
related
$220,000 · Pinnacle Bank
Mar 1, 2021
$225,000
East Franklin Properties LLC
Wp Real Estate Investments LLC
Warranty Deed
$221,889 · Wp Real Estate Investments LLC
Dec 1, 2020
—
Wp Real Estate Investments LLC
Pritchard William H Trust
Grant Deed
—
Nov 29, 2016
$205,000
Pritchard,william H Trust
Sage Porter Investment LLC
Warranty Deed
—
Jun 29, 2011
$192,500
Sage Porter Investment LLC
Keysource Coml Bk
Warranty Deed
$96,250 · Keysource Commercial Bank
Apr 6, 2009
$480,000
Keysource Commercial Bank
Woodcroft Trust
Warranty Deed
related
—
Sep 25, 2008
—
Woodcroft Trust
—
Trustees Deed
related
$25,000 · Keysource Commercial Bank
Aug 8, 2007
—
Woodcroft Trust
—
Trustees Deed
related
$150,000 · Keysource Commercial Bank
Jun 1, 2006
$240,000
Hunter R Christopher Tr
Krebs,florence J
Warranty Deed
$240,000 · Branch Banking & Trust Co
—
—
Woodcroft Trust
—
Deed Of Trust
related
$402,000 · Keysource Commercial Bank
—
—
Woodcroft Trust
—
Deed Of Trust
related
$191,500 · Harrington Bank Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1525 Franklin St Ste 5a?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
