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    FOR SALE
    Office buildings

    1600 E Franklin St, Chapel Hill, NC 27514

    9,840 SF 0.97 ac lot Built 1985
    Entity Owned 13-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2268825
    Property summary
    AI-generated overview

    This exceptional 7,801-square-foot executive office suite is available for lease at 1600 E. Franklin Street in Chapel Hill, North Carolina. Located in Orange County (APN 9799048307), this single-tenant space occupies the entire top floor of the building, offering abundant natural light and stunning treetop views. Previously occupied by a major tenant who has downsized to the lower floors, this space presents a unique opportunity for a business seeking a prominent location. The building offers convenient access via elevator or stairs. The property boasts a highly desirable location on Franklin Street, within walking distance of Whole Foods Market and numerous other retail establishments, including East Gate. All windows are equipped with shades, effectively managing direct sunlight. This turnkey office space is ready for immediate occupancy and provides a sophisticated and functional environment for any executive team. The property is situated in Chapel Hill, NC, zip code 27514. The building's prime location and ample square footage make it an ideal choice for businesses seeking a prestigious and convenient address in a thriving community. This is a single-tenant space, offering complete privacy and control.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Total area 9,840 SF
    Lot 0.97 ac (42,253 SF)
    Zoning code R-5
    APN 9799-04-8307
    UPID US53-2268825
    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
    • Bryan Guarnieri, Howard Perry & Walston Realtor Real Estate Agency
    • Tyler Priest Loan Officer with Towne Mortgage of the Carolinas Loan Service Bank
    • Dianne Gray REALTOR Real Estate Agency
    • Keith E. Green Real Estate Agency
    • Sandie Reed, Howard Perry & Walston Realtor Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.50M
    Comparable Approach Comparable
    $4.64M
    Blend (final) Blend
    $3.35M
    Owner & transaction history
    Windaco Properties LLC · 13 yrs held
    Windaco Properties LLC
    since 2013
    1 recorded transaction
    2013
    $1.2M
    Zoning & alternative use
    R-5 · Chapel Hill, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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