1414 Raleigh RdChapel Hill, NC 27517

Property Details for 1414 Raleigh Rd

Year built

2000

Lot size

12.66 AC

Property size (Sq ft)

142,236 SF

Zone code

OI-2

Property type

Office buildings

APN

9798-53-1950

APU

9798531950

Description

The Exchange West, located at 1414 Raleigh Road in Chapel Hill, NC 27517, offers 133,820 square feet of executive office space in a four-story building constructed in 2001. Situated within the Meadowmont planned community, this property boasts a blend of traditional and contemporary architecture, seamlessly integrating into the Chapel Hill landscape. Currently, 19,122 square feet of space is available, with suites ranging from 1,463 to 4,964 contiguous square feet. The building features a total of six suites. Its prime location provides easy access to I-40 (five-minute drive east) and the vibrant downtown Chapel Hill area (five-minute drive west), offering convenient access to restaurants and the University of North Carolina campus. The surrounding area is meticulously maintained, preserving the natural beauty of North Carolina. This exceptional property presents a unique opportunity for businesses seeking a prestigious and conveniently located office space in a thriving community. Orange County location.

• CAP approach

  CAP return

  Valuation

  6%

  $29,408,084

  6.5%

  $27,145,924

  7%

  $25,206,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,648,852

  Geo Method

  $32,648,852

• Alternative Use

  Use

  Valuation

  Residential

  $33,660,944

  Hospitality

  $30,833,244

  Educational

  $25,652,898

  Medical

  $26,535,140

  Retail

  $39,904,508

Location Insight

City

Chapel Hill

County

Orange

State

North Carolina

Latitude

35.904

Longitude

-79.016

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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