New search
Property profile & analytics
OFF-MARKET
Estimated value
$37,905,000
Commercial real estate
5580 Farrington Rd A, Chapel Hill, NC 27517-8261
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US53-0061226
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Total area
280,771 SF
Lot
6.14 ac (267,458 SF)
Zoning code
RC(D)
APN
141645
UPID
US53-0061226
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
Current use
Occupant on record · Public records
-
Aura Fifty4 Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$37.91M
Owner & transaction history
Cke V LLC · 5 yrs held
Cke V LLC
since 2020
4 recorded transactions
Zoning & alternative use
RC(D) · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chapel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapel Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$48,540,000
6.5%
$44,805,000
7%
$41,605,000
Blend value · Realmo final
$37.91M
Range $34.11M – $41.70M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$115,127
Tax year 2024
Assessed value
$8,253,454
Assessed 2024
Previous assessed
$8,253,454
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,784,999
Assessed improvement
$6,468,455
Land market value
$1,784,999
Improvement market value
$6,468,455
Total market value
$8,253,454
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1972
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
3
Total area
280,771 SF
Lot
6.14 ac (267,458 SF)
Zoning code
RC(D)
APN
141645
UPID
US53-0061226
Jurisdiction
DURHAM
Zoning & alternative use
RC(D) · Chapel Hill, NC
Zoning RC(D) · permitted uses
RC(D) · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapel Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
6.14 ac
Current owner
From public records · entity-resolved
Cke V LLC
Entity
Mailing address
8235 DOUGLAS AVE STE #950, DALLAS, TX 75225-6017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
—
Cke V LLC
—
Deed
related
$416,000 · The Fidelity Bank
Nov 20, 2020
$520,000
Cke V LLC
Raymond L Melvin
Warranty Deed
—
May 26, 2016
—
Raymond L Melvin
—
Deed
related
$135,329 · Freedom Mortgage
—
—
Raymond L Melvin
—
Deed Of Trust
related
$145,194 · Mortgage Investors INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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