17-Unit Apartment
For Sale
Contact for pricing
301 Wheel Hollow Trail, Sanford, NC 27330
Residential property with a substantial multi-unit configuration in Sanford, North Carolina.
Property Size17,350 SF
Price / SF$112.39
Days on Market85
Property Features for 301 Wheel Hollow Trail
General Information
Standard status
Active
Size
17,350 SF
Property subtype
Multifamily
Building Details
Year Built
1978
Buildings
4
Units
17
Listing Agency:
APARTMENT CORE
Listed By:
Mike Siciliano · License #NC
Source:
Crexi
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 16 at 8:32AM
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 APARTMENT CORE
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Investment Insights
Based on property information with market context.
This apartment property contains 17 residential units within 17,350 square feet of building area. Constructed in 1978, the asset is positioned at 301 Wheel Hollow Trail in Sanford, North Carolina.
The property is located just south of the Raleigh-Durham MSA, providing a defined geographic relationship to that metropolitan area. Its apartment-building classification and unit count establish the core physical profile of the offering.
The property is located just south of the Raleigh-Durham MSA, providing a defined geographic relationship to that metropolitan area. Its apartment-building classification and unit count establish the core physical profile of the offering.
Key Highlights
- 17‑unit apartment property
- 17,350 square feet of building area
- Constructed in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,460
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,989,200
$3.0M
Cap Rate 7%
$2,135,143
$2.1M
Cap Rate 9%
$1,660,667
$1.7M
Market Conditions
NOI Build-Up for 17,350 SF
Gross rent
$289.4K $16.68/SF
− Vacancy
−$17.7K −$1.02/SF
EGI
$271.7K $15.66/SF
− OpEx
−$122.3K −$7.05/SF
NOI
$149.5K $8.61/SF
Area
Lee County, NC
Vacancy
6.10%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,989,200
Cap Rate 7%
$2,135,143
Cap Rate 9%
$1,660,667
Alternative Uses
Best Use
Apartment 5plus
$2.14M
$1.87M – $2.49M
NOI $149,460 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,311 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
696
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential property with a substantial multi-unit configuration in Sanford, North Carolina.
Where is this apartment building located?
The property is located at 301 Wheel Hollow Trail Sanford, NC.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 17‑unit apartment property; 17,350 square feet of building area; Constructed in 1978
