Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Central Dr Sanford, NC 27330

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.62-acre lot near hospital. Ideal for medical offices.

    Property Features for 0 Central Dr

    General Information

    Property type
    Land
    Lot Size
    27,007 SF

    We can help!

    Listing Contact
    Steve Malloy

    Listing Agent: Steve Malloy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 0.62-acre commercial lot, located at 0 Central Dr, Sanford, NC 27330 (APN: 9642-44-9206-00), presents a unique investment opportunity. Situated in a prime location directly across from the entrance of Central Carolina Hospital, this OI-zoned property benefits from high visibility and proximity to a thriving medical community. The surrounding area features a professional park with established specialty clinics, dental practices, pain clinics, and dermatology offices, creating a synergistic environment for medical-related businesses. This particular lot, designated as Lot 5, is priced at $110,000. Its convenient location offers easy access to downtown Sanford and US 1, ensuring excellent connectivity and accessibility for patients and staff. The property's zoning allows for a variety of medical and office uses, making it an attractive option for developers and investors seeking a strategic foothold in a rapidly growing healthcare market. The 0.62-acre size provides ample space for the construction of a new facility or expansion of existing operations. This is a rare opportunity to acquire a well-positioned commercial lot in a high-demand area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.184776269073
    Latitude
    35.46550134103

    Nearby Similar for Sale

    • New
      $700,000
      3,550 SF

      Historic Home Zoned Commercial

      Restored historic home suitable for office or event space.
      202 W Main St, Sanford, NC 27332
      View Details
    • New
      $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 Blvd, Sanford, NC 27330
      View Details
    • $350,000
      0.29 Acres

      Downtown Sanford Commercial Property Available

      Commercial property with great exposure and versatility in downtown Sanford.
      409 Carthage St, Sanford, NC 27330
      View Details
    • $1,250,000
      6,000 SF

      Sanford Mixed-Use Commercial Opportunity

      Versatile Sanford property with commercial buildings and residential space.
      1110 Hawkins Ave, Sanford, NC 27330
      View Details
    • Contact for pricing

      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
    • $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
      28,135 SF

      Sanford Industrial Building with Crane

      28,135 SF industrial building with crane near Sanford.
      5825 Clyde Rhyne Dr, Sanford, NC 27330
      View Details
    • New
      $700,000
      3,550 SF

      Historic Home in Jonesboro Heights

      Restored historic home suitable for office or event space.
      202 W Main St, Sanford, NC 27332
      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 St, Sanford, NC 27330
      View Details
    • Contact for pricing
      2,704 SF

      Retail Property in Sanford, NC

      Retail property with 2704 square feet of space.
      809 Carthage St, Sanford, NC 27330
      View Details
    • Contact for pricing
      91,366 SF

      Sanford Industrial Building with Highway Access

      91,366 SF industrial building ideal for warehousing and distribution.
      2613 Lee Ave, Sanford, NC 27332
      View Details
    • Contact for pricing

      Versatile Commercial Space on Lee

      Adaptable commercial space in growing Jonesboro area, Sanford.
      2210 Lee Ave, Sanford, NC 27330
      View Details

    FAQs

    What type of property is this?
    Land - 0.62-acre lot near hospital. Ideal for medical offices.
    Where is this land located?
    The property is located at Central Dr Sanford, NC.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: $110,000 asking price for a 0.62-acre commercial land parcel.; Located in Sanford, NC, Lee County, with APN 9642-44-9206-00.; OI zoning.
    (800) 526-8373 Call to check price and availability
    Request Owner's contact information
    Central Dr Sanford, NC 27330
    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.
    Central Dr
    Sanford, NC 27330
    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
    Central Dr Sanford, NC 27330
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Malloy
    Real Estate License ID: 180496
    (800) 526-8373
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!