Downtown Storefront Retail
For Sale
$229,000
512 Carthage St, Sanford, NC 27330
Versatile storefront space currently operating as a salon, formerly an insurance office, in downtown Sanford.
Property Size936 SF
Price / SF$244.66
Days on Market17
Property Features for 512 Carthage St
General Information
Standard status
Active
Size
936 SF
Listing Agency:
ADCOCK REAL ESTATE SERVICES
(919) 708-3369
Listed By:
STEVEN M MALLOY · License #180496
(919) 708-3369
Source:
Exprealty
Added: Jul 15
Changed: Jul 26
Last Checked: Jul 30 at 4:39PM
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 ADCOCK REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This versatile storefront commercial space is currently operating as a salon and was previously used as an insurance office. The layout is suited to service and retail-style operations within a compact downtown footprint.
The property is located in the heart of downtown Sanford, adjacent to the County Offices. Its visibility and accessibility make it a practical option for a range of professional or retail uses.
Offered for sale as a single storefront property, it provides an adaptable interior configuration for tenants seeking a central presence.
The property is located in the heart of downtown Sanford, adjacent to the County Offices. Its visibility and accessibility make it a practical option for a range of professional or retail uses.
Offered for sale as a single storefront property, it provides an adaptable interior configuration for tenants seeking a central presence.
Key Highlights
- Versatile commercial storefront currently operating as a salon; formerly an insurance office
- Located in the heart of downtown Sanford
- Conveniently adjacent to the County Offices
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.3k | $17.40 |
| − Vacancy | −$440 | −$0.47 |
| EGI | $15.8k | $16.93 |
| − OpEx | −$4.8k | −$5.08 |
| NOI | $11.1k | $11.85 |
936 SF · lease $17.40/SF/yr · vacancy 2.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$158.5K
$138.7K – $184.9K
NOI $11,093 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.6K
$199.1K – $265.5K
NOI $15,931 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flower Station — 116 s steele st, sanford, nc 27330
Frequently Asked Questions
What type of property is this?
Storefront property - Versatile storefront space currently operating as a salon, formerly an insurance office, in downtown Sanford.
Where is this storefront property located?
The property is located at 512 Carthage St Sanford, NC.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Versatile commercial storefront currently operating as a salon; formerly an insurance office; Located in the heart of downtown Sanford; Conveniently adjacent to the County Offices
