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    Property profile & analytics

    311 Franklin St Chapel Hill, NC 27516-2519

    • Hotels
    • 6,033 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-2285508
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Trophy Room / Restaurant
    • Graduate Chapel Hill / Hotel

    Property Details for 311 Franklin St

    Year built
    2005
    Lot size
    0.57 lot acres
    Property size
    6,033 SF
    Zone code
    TC-2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    9788-26-1416
    APU
    9788261416

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0601
    Latitude
    35.9111
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $249,322
    $3,989,200
    $10,900,300
    $14,889,500
    -
    $3,989,200
    $10,900,300
    $14,889,500

    Comparable in this City

    • Value Estimation by Request
      14,831 SF

      214 Rosemary St

      HOTEL/MOTEL • 14,831 SF
      214 Rosemary St, Chapel Hill, NC 27516-2573
      View Details
    • Value Estimation by Request
      0.92 Acres

      114 Timberidge Ct

      MOBILE HOME PARK, TRAILER PARK • 0.92 Acres
      114 Timberidge Ct, Chapel Hill, NC 27516-8821
      View Details
    • Value Estimation by Request
      1.56 Acres

      300 Vlg Dr

      COMMERCIAL (GENERAL) • 1.56 Acres
      300 Vlg Dr, Chapel Hill, NC 27516-1636
      View Details
    • Value Estimation by Request
      1.31 Acres

      1300 Carraway Xing

      COMMERCIAL (GENERAL) • 1.31 Acres
      1300 Carraway Xing, Chapel Hill, NC 27516
      View Details
    • Value Estimation by Request
      3.99 Acres

      600 Myrica St

      COMMERCIAL (GENERAL) • 3.99 Acres
      600 Myrica St, Chapel Hill, NC 27516
      View Details
    • Value Estimation by Request
      11,732 SF

      81 Falling Spgs Dr

      DAY CARE, PRE-SCHOOL • 11,732 SF
      81 Falling Spgs Dr, Chapel Hill, NC 27516-8486
      View Details

    Similar Nearby for Sale

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      Chapel Hill Land: 49.7 Acres

      Prime Residential Land Near Chapel Hill
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      Chapel Hill Residential Land

      22.55 acres, prime location, $500,000
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    • $150,000
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      Chapel Hill Wooded Parcel

      3.55 acre wooded parcel in Chapel Hill School District.
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      Office Condo in Downtown Chapel Hill

      Office condo in shell condition, downtown Chapel Hill location.
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    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Chapel Hill Retail Space For Lease

      Prime Church Street Retail Opportunity
      109 Church St, Chapel Hill, NC 27516
      View Details
    • Contact for pricing
      8,715 SF

      Retail Space at Prime Location

      Retail space available at the intersection of W. Franklin and S. Graham.
      505 West Franklin St, Chapel Hill, NC 27516
      View Details
    • $1,650 /Mo
      1,500 SF

      Chapel Hill Office Space Available

      1500 SF office space for rent in Chapel Hill.
      3300 Nc54, Chapel Hill, NC 27516
      View Details

    Property Visit Statistics

    • Visits by month
      18.3k
    • Visitors by month
      15.1k
    • Avg Time on site
      21 min
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    311 Franklin St
    Chapel Hill, NC 27516-2519
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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