88 Vilcom Center DrChapel Hill, NC 27514

Property Details for 88 Vilcom Center Dr

Year built

1980

Lot size

0.79 AC

Property size (Sq ft)

9,108 SF

Zone code

OI-2

Property type

Office buildings

APN

9880-46-5246

APU

9880465246

Description

This exceptional Orange County office space offers two available suites within a four-building complex at 88 Vilcom Center Dr. The larger suite, totaling approximately 3,350 square feet, is ideal for larger teams and boasts a full-service lease. This expansive space features a blend of private offices, open work areas, a sizable shared kitchen, and a large conference room. Many offices enjoy abundant natural light from large windows. The smaller suite, approximately 985 square feet, provides a more compact yet functional layout with two private offices, an open area, and access to the building's shared kitchen. Both suites benefit from a convenient location, just minutes from I-40 and within walking distance of various banks, restaurants, and retail establishments. A special introductory lease rate of $20 per square foot is currently available for both spaces. The total building square footage is 3,350 square feet, with a minimum divisible space of 985 square feet and a maximum contiguous space of 3,350 square feet. Currently, 4,335 square feet are vacant. This property presents a fantastic opportunity for businesses seeking flexible and well-located office space in Orange County. The property is located in Orange County and is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,785,384

  6.5%

  $1,648,047

  7%

  $1,530,329

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,090,650

  Geo Method

  $2,090,650

• Alternative Use

  Use

  Valuation

  Residential

  $2,043,578

  Hospitality

  $1,871,906

  Educational

  $1,557,404

  Medical

  $1,610,966

  Retail

  $2,422,629

Location Insight

City

Chapel Hill

County

Orange

State

North Carolina

Latitude

35.9653

Longitude

-79.0522

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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