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    Property profile & analytics
    OFF-MARKET Estimated value $730,000
    Office buildings

    601 Rosemary St, Chapel Hill, NC 27516-2353

    880 SF 1 ac lot Built 2008
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-3902476
    Property summary
    AI-generated overview

    This exceptional ±3,043 square foot office condo, located at 601 W Rosemary St in Chapel Hill, NC 27516, presents a unique investment opportunity. Situated in the desirable Greenbridge complex (Suite 213/214), this Class B property boasts a prime location near UNC's campus, offering both accessibility and innovative design. The space combines modern architecture with green energy efficiency, creating a dynamic work environment. Currently 100% occupied with a lease expiring December 31, 2025, this property is ideal for organizations seeking a sustainable and strategically located office space. The suite is divisible, allowing for flexibility to suit various needs. Multiple individual offices, workspaces, and conference rooms benefit from abundant natural light. Building amenities include secured entry, elevator access, and ten underground parking spaces. Shared amenities further enhance the appeal, including a second-floor outdoor terrace, gym, event spaces, and a rooftop area. The property is zoned TC-3 and comprises two buildings. The asking price is $599,000. This is a rare opportunity to acquire a well-located, high-quality office condo in a thriving North Carolina market.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2008
    Total area 880 SF
    Lot 1 ac (43,560 SF)
    APN 9788-06-6395.120
    UPID US53-3902476
    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
    • Jeffrey C. West, DMD, PA Dental Office
    • Hill’s Family Asian Markets Grocery & Convenience Store Food Market
    • to the woods Hair Salon
    • The House of Cloudz (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    • Oneoneone Art Gallery
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $730k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $458k
    Blend (final) Blend
    $730k
    Owner & transaction history
    500 West End LLC · 2 yrs held
    500 West End LLC
    since 2024
    Last sale
    $732,000
    2 recorded transactions
    2024
    $732,000
    2014
    $4.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $735,000 +109.1%
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