Property profile

3905 Nc-87 Sanford, NC 27332

OFF-MARKET
Land
10.2 ac lot
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Property summary

AI-generated overview

This exceptional 10.2-acre commercial and residential land parcel presents a significant development opportunity in Sanford, North Carolina. Strategically located on Highway 87, directly across from a Walmart, the property boasts nearly 1,000 feet of frontage and two convenient access points. The R-20/MH zoning allows for a variety of uses, making it ideal for developers and retailers seeking a prime location in a rapidly expanding market. The site is ready for immediate development, featuring five potential outparcel sites, a large area suitable for a big-box store, and existing utilities. This location benefits from the substantial growth in Sanford and Lee County, with over 10,000 residential units planned or approved, and over 1,500 homes currently under construction. The presence of major employers such as Moen, Pfizer, Coty, Tyson, Caterpillar, Bharat Forge, and Astellas fuels this growth, attracting both corporate and residential expansion. Sanford's position within the "Carolina Core" along the proposed I-685 further enhances its long-term potential. The property's APN is 9661-24-7824-00 and 9661-24-8442-00, and it is owned by Otter Creek Properties, LLC. The asking price is $6,885,000. This is a rare opportunity to capitalize on the explosive growth in this thriving area.

Property profile

Verified
Property type Land
Lot 10.2 ac (444,312 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3905 Nc-87 Sanford, NC 27332
Sanford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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