Retail

Elliott Square

elliott square, chapel hill, NC 27514

Price

Price on request

Price/Sq Ft

$150.00

Description

Up to 4,900 SF of Retail space available Elliott Square is a premier retail center located in the heart of Chapel Hill, NC. The high-quality project offers excellent access and is surrounded by a high income customer base.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

elliott square, chapel hill, NC 27514

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, and rents up 3.1% year over year. Source: Cushman & Wakefield Q1 2025 market report.

Projected current pricing

low confidence

Projected asking rent

$38.19/SF/yr

Estimated sale value

$334–$421/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2025 curated:survey data (cap rate 5.9%, asking rent held flat).

View the full Raleigh Retail market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other retail listings for sale in Chapel Hill, NC to benchmark pricing and space — view the full market.

Retail market FAQ

Is the Raleigh retail market tightening or softening?: Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Medium Confidence

$10.94/SF-$14.80/SF

Mid: $12.87/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

2023 – 2025 · county sold comps + market trendsFIPS 37051

High Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.