1775 Dobbins Dr, Chapel Hill, NC 27514-5876
This exceptional 2,464-square-foot former bank branch, situated on a 0.75-acre lot in Chapel Hill, NC, presents a unique investment opportunity. The property, built in 1980 and classified as Class B, features a single-story building with one suite and is currently entirely vacant. Its prime location at the signalized intersection of Durham-Chapel Hill Boulevard/Sage Road offers unparalleled visibility and accessibility. The site benefits from high traffic counts (42,500 vehicles daily) and is strategically positioned across from a Wegmans, Lowe's, Wendy's, AutoZone, and numerous medical offices, ensuring high foot traffic and brand recognition. The property includes a four-lane drive-thru, adding significant operational flexibility. With 21 total parking spaces and convenient access via two curb cuts, this location is ideal for a variety of uses. The OI-2 (Office Institutional) zoning allows for a range of commercial applications, including business offices, child care centers, and banks. The property's proximity to UNC at Chapel Hill, downtown Chapel Hill, and I-40 further enhances its appeal. Orange County taxes are $5.71 per square foot. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OI2 · Chapel Hill, NCChapel Hill. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.