Property profile

405 Franklin St 1-2 Chapel Hill, NC 27516

OFF-MARKET
Commercial real estate
Property ID
US53-2473667
1,800 SF 0.04 ac lot Built 1952
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Total area 1,800 SF
Lot 0.04 ac (1,742 SF)
Zoning code TC-2
APN 9788-16-9357
UPID US53-2473667

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
  • Music Venue Bar & Pub
  • Consultant Service Establishment
  • Charitable Organization Social Service Agency
  • (Bike/Boat/Book/etc) Store

Location

405 Franklin St, Unit 1-2 Chapel Hill, NC 27516-2350
Chapel Hill metro Census 11700 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2023
7 recorded transactions
2023
$3.1M
2023
Price N/A
2019
$990,000
2016
$655,000
2015
Price N/A
2014
Price N/A
2013
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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