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Property profile

402 Franklin St Chapel Hill, NC 27516

OFF-MARKET
Commercial real estate
Property ID
US53-2326814
2,044 SF 0.1 ac lot Built 1942
Entity Owned 8-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1942
Total area 2,044 SF
Lot 0.1 ac (4,356 SF)
Zoning code TC-2
APN 9788-16-8559
UPID US53-2326814

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2018
Price N/A
2018
$585,000
2006
Price N/A
2005
Price N/A
2004
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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