Property profile

5002 Barbee Chapel Rd Chapel Hill, NC 27517

FOR SALE
Commercial land
Property ID
US53-0631624
2.34 ac lot
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is an office development site located in Meadowmont within Chapel Hill, North Carolina, with convenient access to Interstate 40. It is described as permit-ready for development and is planned as a gateway project with major tenant building sign rights along Highway 54. The site is associated with Meadowmont, a planned pedestrian-oriented village environment within a larger 400-acre community that includes residential housing variety, retail and restaurant options, a 50,000-square-foot Harris Teeter market, office uses, civic spaces, public parks, and transit alternatives. The office site is stated to provide approximately 59,696 square feet of space, with the ability to tailor the building to specific tenant needs.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.34 ac (101,930 SF)
Zoning code R-5-CZD
APN 140346
UPID US53-0631624

Cap rate & NOI

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

Location

5002 Barbee Chapel Rd Chapel Hill, NC 27517
Chapel Hill metro Census 2019 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2016
3 recorded transactions
2016
$2.2M
2012
$1.6M
2007
$1.5M

Zoning & alternative use

R-5-CZD · Chapel Hill, NC
Zoning description

The R-5-CZD districts are intended to provide for residential development of appropriate intensities consonant with the suitability of land, availability of public services, accessibility to major activity centers and tr…

General category RESIDENTIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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