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725 Martin Luther King Jr Blvd

Off-Market

725 Martin Luther King Jr Blvd, Chapel Hill, NC 27516

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  • Property Type Office - General Office
  • Property Size 40,425 Sqft
  • Lot Size 3 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1985

Location

  • City Chapel Hill, NC
  • Neighborhood Columbia Place
  • Zip Code 27516
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Chapel Hill

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Chapel Hill Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.60
  • 2020 Office Vacancy Rate 23.09%
  • 2020 Office Completions (Sqft)
View more Chapel Hill market trends

Tax

  • Property Tax in 2021 $74,226
  • Market Value $4,897,200
  • Assessed Value $4,897,200

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 725 Martin Luther King Jr Blvd?

725 Martin Luther King Jr Blvd totals 40,425 square feet.

When was this property built?

725 Martin Luther King Jr Blvd was built in 1985.

What is the property tax for 725 Martin Luther King Jr Blvd?

The property tax for 725 Martin Luther King Jr Blvd in 2021 was $74,226.

What is the market value for 725 Martin Luther King Jr Blvd?

The market value for 725 Martin Luther King Jr Blvd in 2021 was $4,897,200.

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