Three-Building Flex Space
For Sale
Contact for pricing
3483-3511 Cameron Dr, Sanford, NC 27332
Three buildings offer office improvements, oversized drive-in access, and parking for flexible commercial use.
Property Size32,300 SF
Price / SF$195.02
Days on Market125
Property Features for 3483-3511 Cameron Dr
General Information
Standard status
Active
Size
32,300 SF
Property subtype
Industrial
Lease Type
NNN
Investment Type
Value Add
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Blanq Real Estate
(704) 727-6202
Listed By:
Clifford Blanquicet Jr · License #NC 281011
Source:
Crexi
Added: Apr 28
Changed: Aug 29
Last Checked: Aug 29 at 10:41PM
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 Blanq Real Estate
Investment Insights
Based on property information with market context.
This flex space property comprises three buildings with substantial office build-outs, generous clear heights, oversized drive-in doors, and on-site parking. The combination of office improvements and industrial-oriented access supports a range of flex space configurations.
Located at 3483-3511 Cameron Dr in Sanford, NC, the property provides direct access to Cameron Drive. Existing leases have been transitioned from modified gross to NNN structures and include escalations, adding defined lease terms to the physical asset.
Located at 3483-3511 Cameron Dr in Sanford, NC, the property provides direct access to Cameron Drive. Existing leases have been transitioned from modified gross to NNN structures and include escalations, adding defined lease terms to the physical asset.
Key Highlights
- Three‑building flex space property at 3483‑3511 Cameron Dr, Sanford, NC 27332
- 32,300 SF property size
- Oversized drive‑in doors and impressive clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$207,982
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,159,640
$4.2M
Cap Rate 7%
$2,971,171
$3.0M
Cap Rate 9%
$2,310,911
$2.3M
Market Conditions
NOI Build-Up for 32,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$251.9K $7.80/SF
− Vacancy
−$7.3K −$0.22/SF
EGI
$244.7K $7.58/SF
− OpEx
−$36.7K −$1.14/SF
NOI
$208.0K $6.44/SF
Area
Lee County, NC
Vacancy
2.88%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,159,640
Cap Rate 7%
$2,971,171
Cap Rate 9%
$2,310,911
Alternative Uses
Best Use
Warehouse
$2.97M
$2.60M – $3.47M
NOI $207,982 @ 7.0% cap · market cap 3.30%
Second Best
Industrial
$2.45M
$2.14M – $2.85M
NOI $171,279 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$7.85M
$6.87M – $9.16M
NOI $549,772 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27332, NC
36,020
Population
13,895
Households
2.6
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
107.1 sq mi
ZIP Area
336
Density / Sq Mi
$73,075
Median Household Income
$38,310
Median Earnings
$1,086
Median Rent
$224,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three buildings offer office improvements, oversized drive-in access, and parking for flexible commercial use.
Where is this flex space located?
The property is located at 3483-3511 Cameron Dr Sanford, NC.
What is the asking price?
The asking price for this property is $6,299,000.
What are key features of this property?
This property features: Three‑building flex space property at 3483‑3511 Cameron Dr, Sanford, NC 27332; 32,300 SF property size; Oversized drive‑in doors and impressive clear heights
