Hillsborough, NC
Commercial Real Estate Market Trends & Data

$351 Avg asking sale price
$20 Avg asking lease rate
5,415 SF Avg unit lease size
9,590 SF Avg building size for sale
6.33% Average cap rate

Hillsborough's Demographic Profile

Hillsborough has 4,067 households and a median income of $86,946, providing context for rent absorption and tenant demand across retail and multifamily assets. A -7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 9,917
# Households 4,067
Median age 42
Median household income $86,946
Avg household size 2.0
Renter-occupied housing units 1,552
5-year population change -7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hillsborough, NC

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Hillsborough $417 8,135 SF 6.33%
Bahama $363 7,443 SF 7.50%
Durham $294 32,290 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Hillsborough $390 5,470 SF
Carrboro $336 2,835 SF
Bahama $363 7,443 SF
Durham $447 13,419 SF
Mebane $289 10,334 SF

Commercial Properties For Sale in Hillsborough

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2247 Leah Drive

Hillsborough, NC 27278

  • 1.31 AC Lot
  • 1 Commercial Lot
  • $275,000
For Sale

1400 Old NC 10

Hillsborough, NC 27278

  • 12.95 AC Lot
  • 1 Commercial Lot
  • $4,850,000
For Sale

UNC Health

Hillsborough, NC 27278

  • 5,470 SF Office Building
  • 6.33% Cap Rate
  • $2,275,000
For Sale

Waterstone South Medical Outparcels

Hillsborough, NC 27278

  • 11.42 AC Lot
  • 1 Commercial Lot
  • $5,120,000
For Sale

640 Meadowlands Dr

Hillsborough, NC 27278

  • 10,800 SF Office Building
  • $4,800,000
For Sale

259 S Churton St

Hillsborough, NC 27278

  • 12,500 SF Flex Building
  • $2,750,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hillsborough pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hillsborough $351 9,590 SF
Carrboro $209 4,226 SF
Bahama $363 7,443 SF
Durham $351 30,446 SF
Mebane $395 35,684 SF

Regional Demographic Comparison

This comparison places Hillsborough alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hillsborough or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hillsborough 9,917 4,067 42 $86,946 2 1,552 -7%
Carrboro 20,834 9,289 34 $77,385 2 5,868 -8%
Bahama 5,517 1,295 48 $82,724 2 134 1%
Durham 297,810 125,504 37 $70,858 2 65,575 4%
Mebane 20,171 8,275 39 $72,656 2 3,187 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hillsborough, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hillsborough

View All Commercial Real Estate For Sale in Hillsborough
Is Hillsborough a good market for a first-time commercial real estate investor?

Hillsborough offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hillsborough?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hillsborough. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hillsborough?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hillsborough. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hillsborough compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hillsborough. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hillsborough acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hillsborough, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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