517 Greensboro St 1st, Carrboro, NC 27510
This exceptional 27,900 square foot medical office building, located at 517 S Greensboro Street in Carrboro, North Carolina, presents a unique investment opportunity. Built in 2002, this Class B building sits on a 1.613-acre lot and boasts 88 surface parking spaces (a 3.6/1,000 SF ratio). The property is currently vacant and ready for immediate occupancy, offering flexibility for a variety of medical or general office uses. The interior features a mix of private offices and open bullpen areas, catering to diverse operational needs. Its convenient location just off NC Highway 54 provides easy access and high visibility. The building is in excellent condition and includes elevator access on each floor. Situated in the highly desirable and competitive Carrboro market (Orange County), this property benefits from proximity to UNC Chapel Hill campus (five minutes away), as well as numerous restaurants and shopping options. The permitted zoning is M1/R75. The asking price is $6,800,000. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving North Carolina community.
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Targeted Reading Intervention High School Vocational School
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National Early Childhood Center High School
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Frank Porter Graham Child Development Institute - SherylMar North Building Research Institute School
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Patriot Building Co Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
M1/R75 · Carrboro, NCCarrboro. 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.