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    Property profile & analytics
    OFF-MARKET Estimated value $1,370,000
    Office buildings

    1775 Dobbins Dr, Chapel Hill, NC 27514-5876

    2,464 SF 0.92 ac lot Built 1980
    Entity Owned Free & Clear
    Property ID
    US53-2449063
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1980
    Total area 2,464 SF
    Lot 0.92 ac (40,075 SF)
    Zoning code OI2
    APN 9799-58-9748
    UPID US53-2449063
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.58M
    Blend (final) Blend
    $1.37M
    Owner & transaction history
    King George Holdings LLC
    King George Holdings LLC
    since 2025
    Last sale
    $1.3M
    7 recorded transactions
    2025
    $1.3M
    2022
    $2.1M
    2019
    2018
    2018
    $280,000
    2018
    2017
    $836,000
    Zoning & alternative use
    OI2 · Chapel Hill, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.1M +111.6%
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