Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    781 Mt Carmel Church Rd Chapel Hill, NC 27517-8082
    Property profile & analytics

    781 Mt Carmel Church Rd, Chapel Hill, NC 27517-8082

    View on Map
    • Office Spaces
    • 2,968 SF
    • 3.00 lot acres
    Off-Market
    Property ID
    US53-2092191
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keston Care / Home Health Care Service

    Property Details for 781 Mt Carmel Church Rd

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.00 lot acres
    Zone code
    CU-B-1
    Property type
    Office Spaces
    APN
    19430
    APU
    19430

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 1, 2019 $650,000 Antoinette L Van-riel 781 Mt Carmel LLC Grant Deed $500k · Carter Bk&tr
    Apr 17, 2018 — 721 Mt Carmel Church Road LLC — Grant Deed · related $1.7M · Suntrust Bk/tallahassee
    Aug 1, 2016 $533,500 781 Mount Carmel LLC Lh Mcclerkin LLC Warranty Deed $400k · Bank Of Nc
    Aug 30, 2011 — Lh Mcclerkin LLC Mclerkin,hayes C & Lillian R Warranty Deed · related —
    Jan 26, 2010 $446,000 Hayes C Mcclerkin L & E Holdings LLC Warranty Deed —
    — — L & E Holdings LLC — Deed Of Trust · related $495k · Regions Bank
    — — Antoinette Van-riel — Deed Of Trust · related $100k · Fidelity Bk
    — — Antoinette Van-riel — Deed Of Trust · related $483k · Fidelity Bk
    — — L & E Holdings LLC — Deed Of Trust · related $340k · Mcclerkin Lillian R Trust (pt)
    — — L & E Holdings LLC — Deed Of Trust · related $135k · Katherine Gould

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.0271
    Latitude
    35.8573
    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
    $5,111
    $371,250
    $240,497
    $611,747
    -
    $371,250
    $240,497
    $611,747

    Comparable in this City

    • Value Estimation by Request
      5,622 SF

      5915 Farrington Rd

      Medical Office Space
      5915 Farrington Rd, Chapel Hill, NC 27517
      View Details
    • Value Estimation
      $4,000,000
      17,586 SF

      101 Europa Dr Ste, Unit 200

      CONDOMINIUM OFFICES
      101 Europa Dr Ste, Chapel Hill, NC 27517-2380
      View Details
    • Value Estimation
      $1,460,000
      5,194 SF

      5915 Farrington Rd Ste, Unit 202

      CONDOMINIUM OFFICES
      5915 Farrington Rd Ste, Chapel Hill, NC 27517-9900
      View Details
    • Value Estimation by Request
      898 SF

      6110 Falconbridge Rd Ste, Unit 201

      CONDOMINIUM OFFICES
      6110 Falconbridge Rd Ste, Chapel Hill, NC 27517-7875
      View Details
    • Value Estimation by Request
      2,400 SF

      2835 Farrington Pt Rd

      OFFICE (GENERAL)
      2835 Farrington Pt Rd, Chapel Hill, NC 27517-7304
      View Details
    • Value Estimation
      $565,000
      9,000 SF

      1580 Gallup Rd

      OFFICE (GENERAL)
      1580 Gallup Rd, Chapel Hill, NC 27517
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office in Chapel Hill

      Luxury office space with retail, dining, and residential components.
      Environ Way, Chapel Hill, NC 27517
      View Details
    • $79,900
      0.20 Acres

      Residential Land in Chapel Hill

      Land with access to community amenities in Chapel Hill, NC.
      11479 Club Dr, Chapel Hill, NC 27517
      View Details
    • $200,000
      0.87 Acres

      Residential Land with Golf Course View

      Residential land in Governors Club with golf course view.
      55235 Broughton, Chapel Hill, NC 27517
      View Details
    • $150,000
      0.39 Acres

      Residential Land in Governors Club

      Building site with views in gated community near UNC.
      10330 Nash, Chapel Hill, NC 27517
      View Details
    • $1,474,980
      Pending

      Chapel Hill Acreage Near Jordan Lake

      15.8 acres near Jordan Lake with farmhouse and barn.
      860 Farrington Point Rd, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      2,000 SF

      Chapel Hill Land Opportunity

      0.88 acres shadow-anchored by Wegmans in Chapel Hill, NC.
      Old Durham Rd & Cooper St, Chapel Hill, NC 27517
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sustainable Office Space Available

      Green-certified office space with on-site gym and lounge.
      1340 Environ Way, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      59,696 SF

      Premier Chapel Hill Office Site

      Signature office site in the heart of Chapel Hill.
      5002 Barbee Chapel Rd, Chapel Hill, NC 27517
      View Details
    • Contact for pricing

      NC, Chapel Hill - Governors Dr

      Discover many ways to work your way in NC, Chapel Hill - Governors Dr
      50101 Governors Dr, Chapel Hill, NC 27517
      View Details
    • Contact for pricing
      5,366 SF

      Chapel Hill Office Space Available

      Office space for lease in Chapel Hill, North Carolina.
      6340 Quadrangle Dr, Chapel Hill, NC 27517
      View Details
    • Contact for pricing

      Mixed-Use Community in Chapel Hill

      Live, work, and play in this desirable mixed-use community.
      1000-1480 Environ Way, Chapel Hill, NC 27517
      View Details
    • $24 SF/Yr
      11,728 SF

      Class A Office Building

      Five-story office building with amenities near UNC and I-40.
      100 Europa Dr, Chapel Hill, NC 27517
      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.
    781 Mt Carmel Church Rd
    Chapel Hill, NC 27517-8082
    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

    Thank You for Inquiry
    781 Mt Carmel Church Rd, Chapel Hill, NC, 27517
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!