Property profile

7401 Rex Rd Chapel Hill, NC 27516

OFF-MARKET
Industrial properties
Property ID
US53-2386925
22,446 SF 4.85 ac lot Built 2002
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2002
Total area 22,446 SF
Lot 4.85 ac (211,266 SF)
Zoning code MU-OI-1
APN 9870-78-7098
UPID US53-2386925

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Gym & Fitness Center
  • Trade Show Venue (Bike/Boat/Book/etc) Store
  • Moving Company Storage Facility
  • Hardware & Home Improvement

Location

7401 Rex Rd Chapel Hill, NC 27516-4665
Chapel Hill metro Census 11207 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.76M
Blend (final) Blend
$2.93M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

MU-OI-1 · Chapel Hill, NC
Zoning description

The mixed use OI-1 zone is intended to provide for single and two family dwellings and those other non residential uses in the OI-1 zone, except that Medical Aircraft Hangar is not permitted

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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