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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Office buildings
214 Cameron Ave Chapel Hill, NC 27516-2703
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2449479
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1934
Total area
4,304 SF
Lot
0.34 ac (14,810 SF)
Zoning code
OI-1
APN
9788-36-0147
UPID
US53-2449479
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
-
Academic Advising Program College of Arts and Sciences & General College College
-
Bell Leadership Institute Business Management Consultant
-
Madison Partners, LLC Real Estate Agency
-
Steele Building Academic Department
-
UNC Office of Undergraduate Curricula Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.52M
Owner & transaction history
Bell Family Properties LLC · 4 yrs held
Bell Family Properties LLC
since 2022
2 recorded transactions
Zoning & alternative use
OI-1 · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The office or institutional-1 (OI-1) district is intended to provide for low intensity office and institutional development and, where appropriate, to serve as a transition between residential zoning districts and high intensity nonresidential zoning districts
Zone name
Office And Institutional 1
General category
CIVIC_INSTITUTIONAL
Zone area
54.44 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,720,000
Current use
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$353 / SF
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
$42,233
Tax year 2023
Assessed value
$2,600,200
Assessed 2023
Previous assessed
$2,600,200
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$310,500
Assessed improvement
$2,289,700
Land market value
$310,500
Improvement market value
$2,289,700
Total market value
$2,600,200
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1934
Heating
YES
Buildings
2
Stories
2
Total area
4,304 SF
Lot
0.34 ac (14,810 SF)
Zoning code
OI-1
APN
9788-36-0147
UPID
US53-2449479
Jurisdiction
ORANGE
Zoning & alternative use
OI-1 · Chapel Hill, NCZoning OI-1 · permitted uses
OI-1 · 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-1 (OI-1) district is intended to provide for low intensity office and institutional development and, where appropriate, to serve as a transition between residential zoning districts and high intensity nonresidential zoning districts
Zone name
Office And Institutional 1
General category
CIVIC_INSTITUTIONAL
Zone area
54.44 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1934
Heating
YES
Stories
2
Buildings
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Bell Family Properties LLC
Entity
Mailing address
PO BOX 1113, CHAPEL HILL, NC 27514-1113
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
—
Bell Family Properties LLC
—
Deed
related
$3,497,000 · First Citizens Bank & Trust Co
Sep 15, 2017
—
Bell Family Properties LLC
—
Trustees Deed
related
$3,200,000 · First Citizens Bk
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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