Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sanford Medical Office Building For Sale Title is generated by Realmo AI

    1922 K M Wicker Memorial Dr, Sanford, NC 27330

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding medical office building in Sanford, North Carolina available for sale.

    Type:Office, Retail
    Property size:
    10,228 SF
    Price / SF:
    $136/SF
    Added:
    Feb 24, 2026
    Days on Market:
    77
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1922 K M Wicker Memorial Dr

    General Information

    Standard status
    Active
    Size
    10,228 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Brett Baumgartner

    Listing agent Brett Baumgartner License #TX 701324

    Listing office Matthews

    Listing date Feb 24, 2026

    Source Crexi

    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 Matthews

    HighLights

    • Priced well below replacement cost at $136 per square foot.
    • Professionally designed medical buildout featuring 6 private offices, 9 workstations, and reception area.
    • Freestanding building in a dense medical park.
    • Highly re‑tenantable ±10,228 SF layout suitable for single or multiple tenants.
    • Flexible OI zoning accommodates office, warehouse, light industrial, research, and flex space.
    • ADA‑compliant restrooms.

    Overview

    This vacant medical office building in Sanford, North Carolina, is suitable for an end-user or investor. The professionally designed medical buildout features an open floor plan, 6 private offices, 9 workstations, a reception area, and ADA-compliant restrooms. The property has a highly re-tenantable footprint of approximately 10,228 square feet, accommodating a range of medical and daily-needs users. The layout allows for single tenants or divisible configurations to enhance leasing velocity. Located within a dense medical park, this freestanding building offers the opportunity to own a standalone building. The property's OI zoning accommodates office, warehouse, light industrial, research, and flex space, making it suitable for a diverse range of business uses. Priced at $136 per square foot, the asset offers a compelling value proposition, significantly below estimated replacement cost.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.1905596
    Latitude
    35.4693527

    Nearby Similar for Sale

    • $675,000
      3,550 SF

      Historic Home, Sanford, NC

      Restored historic home ideal for office or event space.
      202 W Main Street, Sanford, NC 27332
      View Details
    • $975,000
      8,360 SF

      Downtown Sanford Commercial Building For Sale

      Two-story, 8,360 SF commercial building on 0.55-acre lot.
      1500 S Horner Boulevard, Sanford, NC 27330
      View Details
    • $995,000
      6,000 SF

      Sanford Mixed-Use Commercial Opportunity

      Versatile Sanford property with commercial buildings and residential space.
      1110 Hawkins Avenue, Sanford, NC 27330
      View Details
    • $700,000
      3,550 SF

      Historic Home in Jonesboro Heights

      Restored historic home suitable for office or event space.
      202 W Main, Sanford, NC 27332
      View Details
    • $399,900
      3,303 SF

      Commercial Building in Sanford, NC

      Commercial building suitable for daycare, office, wellness, or medical use.
      1480 Mcneill, Sanford, NC 27330
      View Details
    • $699,000
      6,350 SF

      Sanford Commercial Building with Outdoor Space

      6350 SF commercial building with covered outdoor lounging area.
      102 Trade Street, Sanford, NC 27332
      View Details
    • $299,900

      Sanford Duplex: Investment or Owner-Occupancy

      Duplex in Sanford, NC, ideal for investment or owner-occupancy.
      809/811 Whitford Street, Sanford, NC 27330
      View Details
    • Contact for pricing
      19,770 SF

      Sanford Educational/Office Building For Sale

      Single-story, 19,770 SF educational/office building on 1.16 acres.
      5910 Clyde Rhyne Dr, Sanford, NC 27330
      View Details
    • $1,200,000
      17 SF

      Historic Downtown Sanford Mixed-Use Building

      Historic mixed-use building in Downtown Sanford with retail and office/apartment potential.
      128 Carthage Street | Sanford, NC 27330, NC 27330
      View Details
    • $2,621,350
      9,690 SF

      Industrial Investment with Laydown Yard

      Flex/warehouse investment property with a new 10-year lease.
      2920 Lee Ave, Sanford, NC 27332
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on Horner Blvd

      10,000 SF retail space in high-traffic Sanford corridor.
      2629 Dalrymple Street, Sanford, NC, 27332
      View Details
    • Contact for pricing
      29,040 SF

      Free-Standing Industrial Facility For Sale

      29,040 SF industrial facility on 3.9 acres, renovated.
      710 Fields Drive, Sanford, NC, 27330
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Freestanding medical office building in Sanford, North Carolina available for sale.
    Where is this medical office space located?
    The property is located at 1922 K M Wicker Memorial Dr Sanford, NC.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Priced well below replacement cost at $136 per square foot.; Professionally designed medical buildout featuring 6 private offices, 9 workstations, and reception area.; Freestanding building in a dense medical park.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brett Baumgartner
    Real Estate License ID: TX 701324
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1922 K M Wicker Memorial Dr, Sanford, NC 27330
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!