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Property profile

206 Franklin St Chapel Hill, NC 27516

OFF-MARKET
Commercial real estate
Property ID
US53-2410091
3,969 SF 0.37 ac lot Built 1955
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Total area 3,969 SF
Lot 0.37 ac (16,117 SF)
Zoning code TC-2
APN 9788-26-4981
UPID US53-2410091

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School
  • Coworking & Hybrid Office
  • Law Firm
  • Academic Department
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
$740k
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$1.12M

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

TC-2 · Chapel Hill, NC
Zoning description

The town center (TC) districts are intended to provide for the development of the commercial, service and social center of Chapel Hill while maintaining its character, its pedestrian oriented scale, and its nature as a c…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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