Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    636 Churton St Hillsborough, NC 27278-2103

    • Office buildings
    • 1,971 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2428346
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • North Churton Veterinary Hospital: Sabin Lani DVM / Veterinary Clinic
    • North Churton Animal Hospital / Veterinary Clinic
    • Miller Jim DVM / Veterinary Clinic
    • Wilson Annette DVM / Veterinary Clinic

    Property Details for 636 Churton St

    Year built
    1995
    Lot size
    0.24 lot acres
    Property size
    1,971 SF
    Zone code
    HI
    Property type
    Office buildings
    APN
    9874-09-4867
    APU
    9874094867

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.1
    Latitude
    36.085
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,430
    $61,600
    $268,000
    $329,600
    -
    $61,600
    $268,000
    $329,600

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      1406 Old Nc 10

      OFFICE BUILDING • 1,800 SF
      1406 Old Nc 10, Hillsborough, NC 27278-9596
      View Details
    • Value Estimation
      $1,920,000
      10,020 SF

      500 Millstone Dr Ste, Unit 101

      OFFICE BUILDING • 10,020 SF
      500 Millstone Dr Ste, Hillsborough, NC 27278-9056
      View Details
    • Value Estimation
      $660,000
      2,528 SF

      2707 Nc Hwy 86th S

      OFFICE BUILDING • 2,528 SF
      2707 Nc Hwy 86th S, Hillsborough, NC 27278-8734
      View Details
    • Value Estimation by Request
      2,245 SF

      104 Churton St

      OFFICE BUILDING • 2,245 SF
      104 Churton St, Hillsborough, NC 27278-2534
      View Details
    • Value Estimation by Request
      1,849 SF

      121 Churton St

      OFFICE BUILDING • 1,849 SF
      121 Churton St, Hillsborough, NC 27278-2577
      View Details
    • Value Estimation
      $1,980,000
      11,613 SF

      1000 Corporate Dr

      OFFICE BUILDING • 11,613 SF
      1000 Corporate Dr, Hillsborough, NC 27278-8535
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Downtown Hillsborough Commercial Building Opportunity

      Commercial building in downtown Hillsborough with redevelopment potential.
      110 N Churton St, Hillsborough, NC 27278
      View Details
    • Contact for pricing
      1,714 SF

      Historic Commercial Building, Hillsborough

      Historic commercial building in downtown Hillsborough with prime Churton Street location.
      118 S Churton St, Hillsborough, NC 27278
      View Details
    • Contact for pricing

      Hillsborough Office/Retail Space Available

      Office/retail space for sale/lease in growing Hillsborough area.
      112 John Earl St, Hillsborough, NC 27278
      View Details
    • Contact for pricing

      Hillsborough Commercial Land Opportunity

      Retail pads for lease or sale in master-planned development.
      Waterstone Dr, Hillsborough, NC 27278
      View Details
    • $600,000
      Pending

      Historic Commercial Building in Hillsborough

      Historic commercial building in downtown Hillsborough with prime Churton Street location.
      118 S Churton St, Hillsborough, NC 27278
      View Details
    • $350,000
      5.00 Acres

      Expansive Land in Cedar Grove

      5-acre parcel in Cedar Grove, NC, ideal for homestead.
      Nc Highway 86, Cedar Grove, NC 27278
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Space For Rent

      Bright, open office space near I-85/I-40 in Hillsborough.
      1000 Corporate Dr, Hillsborough, NC 27278
      View Details
    • Contact for pricing

      Commercial Land Near I-85

      1.40-acre parcel suitable for commercial, retail, or food establishment.
      111 Cardinal Dr, Hillsborough, NC 27278
      View Details
    • Contact for pricing

      Commercial Land Parcel For Lease

      1.40-acre parcel suitable for commercial, retail, or food establishment.
      111 Cardinal Dr, Hillsborough, NC 27278
      View Details
    • $9 SF/Yr

      Hillsborough Warehouse Space Available

      Warehouse space suitable for manufacturing, storage, distribution, and e-commerce.
      6909 Dodsons Xrd, Hillsborough, NC 27278
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    636 Churton St
    Hillsborough, NC 27278-2103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!