Sanford Mixed-Use Development
For Sale
$995,000
1110 Hawkins Ave, Sanford, NC 27330
Versatile Sanford property with commercial and light industrial potential.
Property Size6,000 SF
Lot Size10.55 Acres
Price / SF$165.83
Days on Market229
Property Features for 1110 Hawkins Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
10.55 Acres
Property subtype
Mixed Use
Building Details
Year Built
1984
Listing Agency:
Harris Realty & Auction
Listed By:
Scott Harris · License #159569
(919) 498-4077
Source:
Tcrnc
Added: Mar 5
Changed: Oct 3
Last Checked: Oct 7 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harris Realty & Auction
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property in Sanford, North Carolina, offers commercial and light industrial potential across 10.55 acres. The site includes full utilities, such as water, sewer, and natural gas. Approximately 9.5 acres are zoned L-I, with 3.7 acres within a flood zone, along with a 1.05-acre parcel zoned C-2 and R-12. Located on Hawkins Avenue, a gateway to Historic Downtown Sanford, the property features three commercial buildings constructed between the mid-1980s and 1990s, sized at 4,000 sq ft, 800 sq ft, and 1,200 sq ft respectively. An early 1900s residence, updated in the 1980s, is situated at the entrance, offering 2 bedrooms, 2 bathrooms, and approximately 1,437 sq ft. Previously used as a print shop and silk-screening business, this tract is suitable for redevelopment, expansion, or diversified commercial use.
Key Highlights
- 10.55± acre mixed‑use property with commercial and light industrial potential.
- Zoned L‑I, C‑2, and R‑12, offering diverse development options.
- Located on highly traveled Hawkins Avenue, the gateway to Historic Downtown Sanford.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,045
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,900
$1.3M
Cap Rate 7%
$900,643
$900.6K
Cap Rate 9%
$700,500
$700.5K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$7.1K −$1.19/SF
EGI
$100.9K $16.81/SF
− OpEx
−$37.8K −$6.30/SF
NOI
$63.0K $10.51/SF
Area
Lee County, NC
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,900
Cap Rate 7%
$900,643
Cap Rate 9%
$700,500
Alternative Uses
Best Use
Mixed Use
$900.6K
$788.1K – $1.05M
NOI $63,045 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,125 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 27330, NC
39,489
Population
17,026
Households
2.3
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
210.7 sq mi
ZIP Area
187
Density / Sq Mi
$60,726
Median Household Income
$37,477
Median Earnings
$966
Median Rent
$213,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile Sanford property with commercial and light industrial potential.
Where is this mixed-use property located?
The property is located at 1110 Hawkins Ave Sanford, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 10.55± acre mixed‑use property with commercial and light industrial potential.; Zoned L‑I, C‑2, and R‑12, offering diverse development options.; Located on highly traveled Hawkins Avenue, the gateway to Historic Downtown Sanford.
