Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3356 Nc-87 Sanford, NC 27332

    • Land
    • 30.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3356 Nc-87

    Lot size
    30.00 lot acres
    Property type
    Land

    Description

    This exceptional 30-acre commercial land parcel presents a unique investment opportunity in Sanford, North Carolina. Strategically located on NC-87 Highway at 3356 NC-87, this property boasts a highly desirable PUD zoning designation, allowing for a wide range of development possibilities. The site benefits from exceptional visibility and accessibility, situated adjacent to a major retail strip along South Horner Boulevard, ensuring high traffic volume. With an impressive 22,500 AADT (Average Annual Daily Traffic) on NC-87, this location guarantees significant exposure for any commercial venture. Its central location provides convenient access to several major North Carolina cities, including Raleigh, Durham, Chapel Hill, Research Triangle Park (RTP), and Fayetteville, making it an ideal hub for businesses seeking regional reach. Furthermore, its proximity to the Moncure Megasite, just 20 miles away, adds to its strategic value. The property features readily available public water and sewer services, simplifying development plans. This is a rare opportunity to acquire a substantial tract of commercial land in a thriving area with excellent infrastructure and connectivity. Contact us today to discuss pricing and explore the potential of this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.1278
    Latitude
    35.4397

    Comparable in this City

    • Value Estimation by Request
      2.83 Acres

      Us-501 & Tramway Rd

      Land • 2.83 Acres
      0 Us-501 & Tramway Rd, Sanford, NC 27332
      View Details
    • Value Estimation by Request
      52.42 Acres

      4506 Lemon Springs Rd

      Land • 52.42 Acres
      4506 Lemon Springs Rd, Sanford, NC 27332
      View Details
    • Value Estimation by Request
      1.22 Acres

      Nc 87 Hwy

      Distribution properties • 1.22 Acres
      0 Nc 87 Hwy, Sanford, NC 27332
      View Details
    • Value Estimation by Request
      3.00 Acres

      3816 Nc-87

      Land • 3.00 Acres
      3816 Nc-87, Sanford, NC 27332
      View Details
    • Value Estimation by Request
      4.80 Acres

      4396 Cedar Lane Rd

      Land • 4.80 Acres
      4396 Cedar Lane Rd, Sanford, NC 27332
      View Details
    • Value Estimation by Request
      12.64 Acres

      1 Tramway Rd & Hwy

      Land • 1 SF
      1 Tramway Rd & Hwy, Sanford, NC 27332
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13.24 Acres

      Sanford Retail Land Investment

      Prime NC retail land, high traffic.
      0 Nc-87, Sanford, NC 27332
      View Details
    • $1,048,400
      52.42 Acres

      Sanford Commercial Land - 52 Acres

      Prime 52-acre commercial tract in Lee County, NC.
      4506 Lemon Springs Rd, Sanford, NC 27332
      View Details
    • $325,000
      1.22 Acres

      Sanford Industrial Land - $325K

      1.22-acre commercial warehouse site, high traffic.
      0 Nc 87 Hwy, Sanford, NC 27332
      View Details
    • $60,000
      0.44 Acres

      Land Parcel in Sanford, NC

      Land available for purchase in Sanford, North Carolina.
      Lemon Springs Rd, Sanford, NC 27332
      View Details
    • $105,000
      3.31 Acres

      Land on Lemon Springs Road

      3.31 acre land parcel with road frontage in Sanford, NC.
      Lemon Springs Rd, Sanford, NC 27332
      View Details
    • $36,500
      Pending

      Land in Carolina Trace

      Gently sloped lot in gated golf and lake community.
      3289 Edinburgh Dr, Sanford, NC 27332
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sanford Commercial Land for Lease

      2.83 Acres, US-501 & Tramway Rd
      0 Us-501 & Tramway Rd, Sanford, NC 27332
      View Details
    • Contact for pricing
      1 SF

      Sanford Retail Center - Hwy 1 & Tramway Rd

      Prime Sanford Retail Land, Multiple Spaces Available
      0 Tramway Rd & Hwy 1, Sanford, NC 27332
      View Details
    • Contact for pricing
      1 SF

      Retail Development Land For Lease

      1.02 acre commercial land for lease in Sanford, NC.
      5110 Nc Highway 87, Sanford, NC 27332
      View Details
    • $526,980
      17,566 SF

      Former Acura Dealership For Lease

      Equipped automotive center with lifts, alignment machine, and tire equipment.
      3590 Nc 87, Sanford, NC 27332
      View Details
    • $12 SF/Yr
      20,880 SF

      Sanford Industrial Space with Yard

      Industrial space with laydown yard available for lease.
      3030 Lee Ave, Sanford, NC 27332
      View Details
    • $7 SF/Yr
      52,500 SF

      Sanford Industrial Building For Lease

      52,500 SF industrial building suitable for manufacturing or distribution.
      908 J R Industrial Dr, Sanford, NC 27332
      View Details
    Request Owner's contact information
    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.
    3356 Nc-87
    Sanford, NC 27332
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.