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    Property profile & analytics
    FOR SALE
    Commercial land

    5002 Barbee Chapel Rd, Chapel Hill, NC 27517

    2.34 ac lot
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-0631624
    Property summary
    AI-generated overview

    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.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Tri City Investments 2 LLC · 9 yrs held
    Tri City Investments 2 LLC
    since 2016
    3 recorded transactions
    2016
    $2.2M
    2012
    $1.6M
    2007
    $1.5M
    Zoning & alternative use
    R-5-CZD · Chapel Hill, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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