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Property profile & analytics
FOR LEASE
Office buildings
6340 Quadrangle Dr Chapel Hill, NC 27517
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-2132344
For Lease
$10,885,000
6340 Quadrangle Dr, Chapel Hill, NC 27517
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
59,710 SF
Lot
5.74 ac (250,034 SF)
Zoning code
OI(D)
APN
141751
UPID
US53-2132344
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
-
Research Triangle Group - Morgan Stanley Financial Advisor
-
The Sapphire Group - Morgan Stanley Financial Advisor
-
Puff Corrigan Group - Morgan Stanley Financial Advisor
-
Alexander Sutton, MBA - Morgan Stanley Financial Advisor
-
Michael V. Corrigan - Morgan Stanley Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.30M
Comparable Approach
Comparable
$7.30M
Blend (final)
Blend
$10.89M
Owner & transaction history
Tdc Blue Quadrangle LLC · 9 yrs held
Tdc Blue Quadrangle LLC
since 2016
6 recorded transactions
Zoning & alternative use
OI(D) · Chapel Hill, NC
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%
$15,490,000
6.5%
$14,300,000
7%
$13,280,000
Blend value · Realmo final
$10.89M
Range $9.80M – $11.97M · ±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
$182 / 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
$151,850
Tax year 2024
Assessed value
$10,886,072
Assessed 2024
Previous assessed
$10,886,072
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,360,050
Assessed improvement
$8,526,022
Land market value
$2,360,050
Improvement market value
$8,526,022
Total market value
$10,886,072
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1994
Heating
YES
Cooling
YES
Stories
3
Total area
59,710 SF
Lot
5.74 ac (250,034 SF)
Zoning code
OI(D)
APN
141751
UPID
US53-2132344
Jurisdiction
DURHAM
Zoning & alternative use
OI(D) · Chapel Hill, NCZoning OI(D) · permitted uses
OI(D) · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | Chapel Hill, NC
Building & site characteristics
From public records
Year built
1994
Heating
YES
Cooling
Yes
Stories
3
Lot
5.74 ac
Current owner
From public records · entity-resolved
Tdc Blue Quadrangle LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2019
—
Tdc Blue Quadrangle LLC
—
Grant Deed
related
$37,350,000 · First Horizon Bk
Dec 11, 2018
—
Tdc Blue Quadrangle LLC
—
Loan Modification
related
$29,950,000 · Midfirst Bk
Jan 20, 2017
—
Tdc Blue Quadrangle LLC
—
Deed
related
$29,950,000 · Midfirst Bk
Jan 12, 2017
—
Tdc Blue Quadrangle LLC
—
Deed
related
$29,950,000 · Midfirst Bk
Nov 7, 2016
$41,500,000
Tdc Blue Quadrangle LLC
Property Reserve INC
Special Warranty Deed
—
—
—
Tdc Blue Quadrangle LLC
—
Deed Of Trust
related
$29,950,000 · Midfirst Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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