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Property profile

450 Franklin St Chapel Hill, NC 27516

OFF-MARKET
Commercial real estate
Property ID
US53-2282955
2,080 SF 0.06 ac lot Built 1942
Entity Owned 5-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1942
Total area 2,080 SF
Lot 0.06 ac (2,614 SF)
Zoning code TC-2
APN 9788-16-3378
UPID US53-2282955

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
  • Hotel & Motel Resort
  • Bar & Pub

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$661k
Blend (final) Blend
$1.07M

Owner & transaction history

since 2021
Last sale
$1.0M
3 recorded transactions
2021
$1.0M
2018
Price N/A
2011
$705,000

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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