516 Valley Forge RdHillsborough, NC 27278

Property Details for 516 Valley Forge Rd

Year built

1982

Lot size

2.25 AC

Property size (Sq ft)

2,280 SF

Zone code

HI

Property type

Office buildings

APN

9874-32-9012

APU

9874329012

Description

This exceptional 2,262 square foot standalone office/flex building is situated at 516 Valley Forge Road in Hillsborough, North Carolina, zip code 27278, within Orange County. Zoned for high-intensity commercial use, this property presents a unique opportunity for a diverse range of businesses. The building's flexible design makes it suitable for various applications, including but not limited to: trade contractor offices, retail spaces, professional service firms, veterinary clinics, or childcare centers. Its strategic location offers convenient access to major transportation arteries, Interstate 85 and Interstate 40, ensuring excellent accessibility for clients and employees. The asking price for this property is $525,000. Ample parking is available on-site, adding to the convenience and appeal of this exceptional commercial property. This is an ideal opportunity for businesses seeking a well-located, adaptable space to establish or expand their operations. The property is classified as Retail, Office, and Industrial, offering significant versatility.

• CAP approach

  CAP return

  Valuation

  6%

  $340,804

  6.5%

  $314,588

  7%

  $292,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $523,351

  Geo Method

  $523,351

• Alternative Use

  Use

  Valuation

  Residential

  $390,090

  Hospitality

  $357,320

  Educational

  $297,286

  Medical

  $307,510

  Retail

  $462,445

Location Insight

City

Hillsborough

County

Orange

State

North Carolina

Latitude

36.0637

Longitude

-79.088

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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