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    Property profile & analytics

    7300 Millhouse Rd Chapel Hill, NC 27516-2233

    • Industrial properties
    • 70,300 SF
    • 19.65 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 22, 2021
    Location Intelligence
    Property ID
    US53-1575643
    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 Chapel Business Center / Office Space Rental Agency
    • Robert Dawson Plumbing & Construction / Plumber

    Property Details for 7300 Millhouse Rd

    Year built
    2022
    Lot size
    19.65 lot acres
    Property size
    70,300 SF
    Zone code
    MU-OI-1
    Property type
    Industrial properties
    APN
    9870-89-2007
    APU
    9870892007

    Description

    This exceptional Orange County industrial property, located in the Chapel Hill submarket cluster, offers a prime opportunity for businesses seeking flexible and expansive space. The property comprises two light industrial buildings totaling 116,310 square feet, situated on a generous 19.6-acre lot. Building 1 encompasses 61,710 square feet, while Building 2 offers 54,600 square feet. Currently, there is 3,632 square feet of vacant space available for lease. The buildings boast 18-foot clear heights, providing ample vertical space for various operational needs. Loading and unloading are facilitated by rear-loaded docks and drive-in capabilities, ensuring efficient logistics. Ample parking is available, with a ratio of two spaces per 1,000 square feet. The property benefits from a robust power supply of 2,000 amps. Its strategic location off Millhouse Road, conveniently situated west of I-40 and NC-86, provides excellent access to major transportation arteries, enhancing connectivity and distribution capabilities. This property is ideally suited for manufacturing, flex, warehouse, distribution, and R&D operations, making it a versatile option for a wide range of businesses. The property's size, features, and location within the thriving Chapel Hill industrial market present a compelling investment opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0739
    Latitude
    35.9731
    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
    2024
    $146,934
    $2,201,100
    $6,680,000
    $8,881,100
    -
    $2,201,100
    $6,680,000
    $8,881,100

    Comparable in this City

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      $535,000
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      630 Nc Hwy 54th W

      INDUSTRIAL (GENERAL) • 5,700 SF
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    • Value Estimation
      $460,000
      2,700 SF

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    • Value Estimation
      $565,000
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      1707 Eubanks Rd, Unit A

      INDUSTRIAL (GENERAL) • 7,440 SF
      1707 Eubanks Rd, Chapel Hill, NC 27516-5100
      View Details
    • Value Estimation
      $590,000
      8,800 SF

      3307 Nc Hwy 54th W

      INDUSTRIAL (GENERAL) • 8,800 SF
      3307 Nc Hwy 54th W, Chapel Hill, NC 27516-8265
      View Details

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    Chapel Hill, NC 27516-2233
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    Realmo Value Estimation

    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.

    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.

    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
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