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861 Willow Dr
Chapel Hill, NC 27514
Office Property For Sale
·
3,842 SF
INVESTMENT HIGHLIGHTS
- Strategically located across from University Place.
- Full Renovation in 2022.
- Strong Visibility.
- New Roof in 2025.
EXECUTIVE SUMMARY
Strategically located across from University Place, a mixed-use development led by RAM, the property benefits from strong visibility, area redevelopment momentum, and Chapel Hill’s established commercial growth.
PROPERTY FACTS Under Contract
| Total Building Size | 3,842 SF | Floors | 1 |
| Property Type | Office (Condo) | Typical Floor Size | 3,842 SF |
| Property Subtype | Medical | Year Built | 1967 |
| Building Class | C | Parking Ratio | 7.8/1,000 SF |
| Zoning | CC/OI-2 - Community Commercial/Office Institutional | ||
| Total Building Size | 3,842 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 3,842 SF |
| Year Built | 1967 |
| Parking Ratio | 7.8/1,000 SF |
| Zoning | CC/OI-2 - Community Commercial/Office Institutional |
AMENITIES
- Bus Line
- Signage
1 UNIT AVAILABLE
Unit 2
| Unit Size | 2,000 SF | Sale Status | Under Contract |
| Condo Use | Office | Cap Rate | 7.00% |
| Sale Type | Investment | NOI | $82,888.77 CAD |
| Unit Size | 2,000 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 7.00% |
| NOI | $82,888.77 CAD |
DESCRIPTION
The space underwent a full renovation in 2022, including a brand-new HVAC system, providing modern finishes and reliable building systems. The condo is offered on a NNN lease structure, generating $60,000 in annual rent with a 7% CAP rate.
SALE NOTES
This 2,000 SF medical office condo offers a stable investment opportunity with a nationally backed tenant. Strategically located across from University Place, a mixed-use development led by RAM, the property benefits from strong visibility, area redevelopment momentum, and Chapel Hill’s established commercial growth.
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Interior Photo
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Interior Photo
Interior Photo
