5002 Barbee Chapel Rd, Chapel Hill, NC 27517
For Sale
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This exceptional 59,696 square foot office development opportunity is situated on a 2.337-acre lot in the desirable Chapel Hill submarket of Durham County, North Carolina. Located at 5002 Barbee Chapel Rd, Chapel Hill, NC 27517 (APN 140346), this Class A property boasts a prime location near Highway 54 and Barbee Chapel Road, offering convenient access to I-40. The site is part of the 400-acre Meadowmont village, a vibrant, pedestrian-friendly community featuring diverse housing, restaurants, shops, a large Harris Teeter grocery store, and ample green spaces. This multiple-tenant building offers unparalleled flexibility, allowing for customization to meet specific tenant needs. The property provides a major tenant with prominent building sign rights on Highway 54, creating a high-visibility presence. This permit-ready project presents a unique chance to establish a distinctive landmark in Chapel Hill. The property is categorized as Traditional Office, Medical Office, and Executive Office space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-5-CZD · Chapel Hill, NCChapel Hill. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.