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    Property profile & analytics
    OFF-MARKET Estimated value $10,675,000
    Industrial properties

    7300 Millhouse Rd, Chapel Hill, NC 27516-2233

    70,300 SF 19.65 ac lot Built 2022
    Entity Owned 4-yr Hold Absentee Owner
    Property ID
    US53-1575643
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 2022
    Total area 70,300 SF
    Lot 19.65 ac (855,954 SF)
    Zoning code MU-OI-1
    APN 9870-89-2007
    UPID US53-1575643
    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
    • North Chapel Business Center Real Estate Agency
    • Robert Dawson Plumbing & Construction Plumbing Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $14.29M
    Comparable Approach Comparable
    $11.05M
    Blend (final) Blend
    $10.68M
    Owner & transaction history
    Merritt Cp1 LLC · 4 yrs held
    Merritt Cp1 LLC
    since 2021
    7 recorded transactions
    2023
    2021
    $2.3M
    2021
    2021
    2021
    2021
    2011
    Zoning & alternative use
    MU-OI-1 · Chapel Hill, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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