Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1717 Legion Rd, Unit A1 Chapel Hill, NC 27517-0004

    • Office buildings
    • 1,433 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2268823
    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

    • Christie Sisk with Exp Realty / Real Estate Agent
    • Wolfe Suzanne L DC / Alternative Medicine Practitioner / Chiropractor
    • Brian P. Mclaughlin, DC / Chiropractor
    • Lori K. Leathers, PLCSW / Doctor
    • Christie Sisk-Reel Estate Agent for Sentry Residental / Real Estate Agent

    Property Details for 1717 Legion Rd

    Year built
    1978
    Lot size
    1.00 lot acres
    Property size
    1,433 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    9799-57-0157.003
    APU
    9799570157003

    Description

    This exceptional opportunity presents three remaining executive office suites for lease within a 15,000 square foot, two-story Class B office building located at 1717 Legion Rd Ste 201-202, Chapel Hill, NC. The building, constructed in 1983, offers a professional setting with convenient access to I-40 and US Hwy 15-501, alongside numerous nearby restaurants and shopping options. Each suite is individually leasable, with a minimum divisible space of 120 square feet and a maximum contiguous space of 469 square feet. The building features 55 parking spaces and elevator access. Utilities, Wi-Fi, janitorial services, and taxes, insurance, and common area maintenance (TICAM) are included in the lease rate. Currently, two offices are immediately available: one at $650/month and another at $500/month. A third office is available January 1, 2025, at $500/month. The building is zoned WX-5 (Walkable Mixed Use) and boasts a convenient location in the Raleigh/Durham submarket. This is an ideal opportunity for businesses seeking short-term leases in a fully serviced, professional environment. The property's APN is 9799570157.006, 9799570157.007. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0165
    Latitude
    35.9405
    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
    $3,555
    $0.00
    $206,100
    $206,100
    -
    $0.00
    $206,100
    $206,100

    Comparable in this City

    • Value Estimation by Request
      1,233 SF

      1717 Legion Rd, Unit B2

      OFFICE BUILDING • 1,233 SF
      1717 Legion Rd, Chapel Hill, NC 27517-0004
      View Details
    • Value Estimation
      $16,345,000
      103,631 SF

      6330 Quadrangle Dr

      OFFICE BUILDING • 103,631 SF
      6330 Quadrangle Dr, Chapel Hill, NC 27517-8279
      View Details
    • Value Estimation
      $12,100,000
      31,542 SF

      6101 Quadrangle Dr

      PROFESSIONAL BUILDING • 31,542 SF
      6101 Quadrangle Dr, Chapel Hill, NC 27517-8622
      View Details
    • Value Estimation
      $835,000
      3,246 SF

      1703 Legion Rd

      OFFICE BUILDING • 3,246 SF
      1703 Legion Rd, Chapel Hill, NC 27517-2359
      View Details
    • Value Estimation by Request
      2,659 SF

      1717 Legion Rd, Unit B1

      OFFICE BUILDING • 2,659 SF
      1717 Legion Rd, Chapel Hill, NC 27517-0004
      View Details
    • Value Estimation by Request
      1,562 SF

      1717 Legion Rd, Unit A2

      OFFICE BUILDING • 1,562 SF
      1717 Legion Rd, Chapel Hill, NC 27517-0004
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      113,000 SF

      Class A Office in Chapel Hill

      Luxury office space with retail, dining, and residential components.
      Environ Way, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      2,337.00 Acres

      Chapel Hill Office Campus Opportunity

      Prime Meadowmont location, 59,696 SF, vacant.
      5002 Barbee Chapel Rd, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      2,000 SF

      Chapel Hill Retail Outparcel Investment

      Prime Wegmans-anchored retail space.
      0 Old Durham Rd & Cooper St, Chapel Hill, NC 27517
      View Details
    • $1,474,980
      Pending

      Chapel Hill Acreage Near Jordan Lake

      15.8 acres near Jordan Lake with farmhouse and barn.
      860 Farrington Point Rd, Chapel Hill, NC 27517
      View Details
    • $200,000
      0.87 Acres

      Residential Land with Golf Course View

      Residential land in Governors Club with golf course view.
      55235 Broughton, Chapel Hill, NC 27517
      View Details
    • $249,999

      Governors Club Building Lot

      Spacious lot for custom home in gated community.
      10455 Council, Chapel Hill, NC 27517
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,696 SF

      Premier Chapel Hill Office Site

      Signature office site in the heart of Chapel Hill.
      5002 Barbee Chapel Rd, Chapel Hill, NC 27517
      View Details
    • $32 SF/Yr
      133,820 SF

      Executive Suites Chapel Hill

      Prestigious office space, 6 suites available.
      1414 Raleigh Rd, Chapel Hill, NC 27517
      View Details
    • $35 SF/Yr
      168,000 SF

      East 54 Chapel Hill Offices

      Class A Office Suites, 1,030-4,717 SF
      1000-1480 Environ Way, Chapel Hill, NC 27517
      View Details
    • $22 SF/Yr
      9,907 SF

      Chapel Hill Executive Office Suites

      Prestigious Chapel Hill office space, flexible options.
      1340 Environ Way, Chapel Hill, NC 27517
      View Details
    • $8 SF/Yr
      6,249 SF

      Chapel Hill Office Space Available

      Flexible workspace solutions in NC.
      50101 Governors Dr, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      55,624 SF

      Glenwood Square Retail Center

      Prime Retail Space Available Now
      1218 Raleigh Rd, Chapel Hill, NC 27517
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1717 Legion Rd, Unit A1
    Chapel Hill, NC 27517-0004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.