Property profile

601 Franklin St Chapel Hill, NC 27516

OFF-MARKET
Commercial real estate
Property ID
US53-2441051
1,224 SF 0.11 ac lot Built 1995
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1995
Total area 1,224 SF
Lot 0.11 ac (4,792 SF)
Zoning code TC-2
APN 9788-05-8875
UPID US53-2441051

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
  • Restaurant

Location

601 Franklin St Chapel Hill, NC 27516-2316
Chapel Hill metro Census 11700 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$1.53M

Owner & transaction history

since 2024
Last sale
$1.5M
4 recorded transactions
2024
Price N/A
2019
$1.5M
2010
Price N/A
2008
Price N/A

Zoning & alternative use

TC-2 · Chapel Hill, NC
Zoning description

The town center (TC) districts are intended to provide for the development of the commercial, service and social center of Chapel Hill while maintaining its character, its pedestrian oriented scale, and its nature as a c…

General category CIVIC_INSTITUTIONAL

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
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