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 Market179
Property Features for 512 Carthage St
General Information
Standard status
Active
Size
936 SF
Property subtype
Commercial
Listing Agency:
ADCOCK REAL ESTATE SERVICES
Listed By:
STEVEN M MALLOY · License #180496
(919) 708-3369
Source:
Fayettevillehomesource
Added: May 5
Changed: Oct 25
Last Checked: Oct 28 at 8:56AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$11,093
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,860
$221.9K
Cap Rate 7%
$158,471
$158.5K
Cap Rate 9%
$123,256
$123.3K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$16.3K $17.40/SF
− Vacancy
−$440 −$0.47/SF
EGI
$15.8K $16.93/SF
− OpEx
−$4.8K −$5.08/SF
NOI
$11.1K $11.85/SF
Area
Lee County, NC
Vacancy
2.70%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,860
Cap Rate 7%
$158,471
Cap Rate 9%
$123,256
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
