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Property profile & analytics
OFF-MARKET
Office Spaces
201 Providence Rd Chapel Hill, NC 27514-2231
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2388554
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1982
Total area
1,157 SF
Lot
1 ac (43,560 SF)
Zoning code
OI-2
APN
9890-71-9843.001
UPID
US53-2388554
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
-
Leete Susan J PhD Physician Medical Clinic
-
Rochelle Fields, MA Psychotherapist Marriage Or Relationship Counselor
-
Opened Heart Therapy Psychotherapist
-
Zinn Victor PhD Physician Medical Clinic
-
Shawn Moffitt Counselor Psychologist
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
Carolina Performance Realty LLC · 1 yrs held
Carolina Performance Realty LLC
since 2024
Last sale
$310,000
4 recorded transactions
Zoning & alternative use
OI-2 · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Office or Institutional-2 (OI-2) district is intended to provide for medium intensity office and institutional development
Zone name
Office And Institutional 2
General category
CIVIC_INSTITUTIONAL
Zone area
872.03 ac
Source
Realmo
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
$3,349
Tax year 2023
Assessed value
$191,700
Assessed 2023
Previous assessed
$191,700
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed improvement
$191,700
Improvement market value
$191,700
Total market value
$191,700
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1982
Heating
YES
Stories
1
Total area
1,157 SF
Lot
1 ac (43,560 SF)
Zoning code
OI-2
APN
9890-71-9843.001
UPID
US53-2388554
Jurisdiction
ORANGE
Zoning & alternative use
OI-2 · Chapel Hill, NCZoning OI-2 · permitted uses
OI-2 · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Office or Institutional-2 (OI-2) district is intended to provide for medium intensity office and institutional development
Zone name
Office And Institutional 2
General category
CIVIC_INSTITUTIONAL
Zone area
872.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Heating
YES
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Carolina Performance Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
821 INDIAN SPGS RD, CHAPEL HILL, NC 27514-3334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$310,000
Carolina Performance Realty LLC
Miscellaneous Properties LLC
Special Warranty Deed
—
Apr 1, 2022
—
Fred B Emmerson JR
Anderson Plaza LLC
Warranty Deed
$95,068 · Townebank
Feb 6, 2015
$150,000
Anderson Plaza LLC
Danko James M & Bethanie
Warranty Deed
$120,000 · First S Bk/greenville
Jun 30, 2008
—
James M Danko
Danko,james M
Quit Claim Deed
related
—
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.
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