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Property profile & analytics
OFF-MARKET
Office Spaces

209 Providence Rd Chapel Hill, NC 27514-2231

1,030 SF 1 ac lot Built 1982
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US53-2419162
Property summary
AI-generated overview

This exceptional 1,545 square foot executive office condo in Chapel Hill, North Carolina, presents a unique investment opportunity. Located at 209 Providence Rd, this Class B property is priced at $275,000 ($177.99/sq ft) and boasts a desirable townhouse-style design. Built in 1982, the single-story building features one unit within a single building, zoned O&I1. The interior is thoughtfully designed with a reception area, three private offices, a full bathroom, and a convenient efficiency kitchen. Two waiting rooms provide ample space for clients. A walk-out lower level adds versatility. Water is included in the property expenses. The property's previous use as a therapist's office highlights its soundproofing, ensuring privacy for occupants. Its convenient location offers proximity to UNC Eastown medical (.3 miles) and the I-40/15-501 intersection (.5 miles), providing excellent accessibility. The existing office furniture is negotiable, offering flexibility for the new owner. This turnkey property is currently vacant and ready for immediate occupancy. This is an ideal opportunity for a business seeking a well-appointed, private, and conveniently located office space.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1982
Total area 1,030 SF
Lot 1 ac (43,560 SF)
Zoning code OI-2
APN 9890-71-9843.005
UPID US53-2419162
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
  • Dr. Erin Kelley Haley Physician Medical Clinic
  • Judith Barnett, Ph. D Family Counselor Marriage Or Relationship Counselor
  • After Infidelity or an Affair (Affair Proofing) Marriage Or Relationship Counselor Family Counselor
  • Marriage Counselor | Coach Counselor
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
Lot 107 LLC · 1 yrs held
Lot 107 LLC
since 2025
Last sale
$240,500
3 recorded transactions
2025
$240,500
2013
Price N/A
2007
$160,000
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
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