Property profile

50201 Governors Dr Chapel Hill, NC 27517

OFF-MARKET
Strip malls
Property ID
US53-2459698
2,288 SF 0.03 ac lot Built 2011
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2011
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,288 SF
Lot 0.03 ac (1,100 SF)
Zoning code R-1
APN 88915
UPID US53-2459698

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
  • Shopping Center & Mall
  • Dental Office
  • Dental Office
  • Dental Office
  • Real Estate Agency

Location

50201 Governors Dr Chapel Hill, NC 27517-8621
Chapel Hill metro Census 20704 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
$475k
Comparable Approach Comparable
$369k
Blend (final) Blend
$530k

Owner & transaction history

since 2021
Last sale
$535,000
5 recorded transactions
2021
$535,000
2013
$500,000
2013
$300,000
2013
$300,000
1969
Price N/A

Zoning & alternative use

R-1 · Chapel Hill, NC
Zoning description

The residential 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 an…

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 50201 Governors Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message