Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    106 Charlotte Ave Sanford, NC 27330-4304
    Back to Search
    Property profile & analytics

    106 Charlotte Ave Sanford, NC 27330-4304

    View on Map
    • Office Spaces
    • 2,744 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US53-3861029
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Depot Park / Park / Tourist Attraction

    Property Details for 106 Charlotte Ave

    Year built
    1926
    Lot size
    0.90 lot acres
    Property size
    2,744 SF
    Zone code
    CENTRAL BUSINESS DISTRICT
    Property type
    Office Spaces
    APN
    9643-70-2002-00
    APU
    964370200200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.1774
    Latitude
    35.481
    CBSA code
    41820
    CBSA name
    SANFORD, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $147,000
    $192,700
    $339,700
    -
    $147,000
    $192,700
    $339,700

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      1219 Carthage St

      Medical Office Space • 8,000 SF
      1219 Carthage St, Sanford, NC 27330
      View Details
    • Value Estimation
      $13,315,000
      76,100 SF

      106 Hillcrest Dr

      OFFICE (GENERAL) • 76,100 SF
      106 Hillcrest Dr, Sanford, NC 27330-4021
      View Details
    • Value Estimation by Request
      2,574 SF

      220 Horner Blvd

      OFFICE (GENERAL) • 2,574 SF
      220 Horner Blvd, Sanford, NC 27330-4219
      View Details
    • Value Estimation by Request
      2,016 SF

      1732 Westover Dr

      OFFICE (GENERAL) • 2,016 SF
      1732 Westover Dr, Sanford, NC 27330-8983
      View Details
    • Value Estimation
      $2,605,000
      16,630 SF

      1606 Horner Blvd, Unit 1688

      OFFICE (GENERAL) • 16,630 SF
      1606 Horner Blvd, Sanford, NC 27330-5634
      View Details
    • Value Estimation by Request
      1,800 SF

      5617 Clyde Rhyne Dr

      OFFICE (GENERAL) • 1,800 SF
      5617 Clyde Rhyne Dr, Sanford, NC 27330-9562
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Near Central Carolina Hospital

      1.494 acres of land suitable for office development.
      4 Central Dr, Sanford, NC 27330
      View Details
    • $1,200,000

      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
    • $1,200,000
      17,816 SF

      Downtown Sanford Historic Masonic Temple

      Historic mixed-use building in downtown Sanford with retail and office/apartment potential.
      128 Carthage St, Sanford, NC 27330
      View Details
    • Contact for pricing
      10,228 SF

      Sanford Medical Office Building For Sale

      Freestanding medical office building in Sanford, North Carolina available for sale.
      1922 K M Wicker Memorial Dr, Sanford, NC 27330
      View Details
    • $399,900
      3,303 SF

      Commercial Building in Sanford, NC

      Commercial building suitable for daycare, office, wellness, or medical use.
      1480 Mcneill Rd, Sanford, NC 27330
      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

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available near Central Carolina Hospital in Sanford, NC.
      611 Carthage St, Sanford, NC 27330
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Single tenant office space available, totaling 6,645 square feet.
      1024 S Horner Blvd, Sanford, NC 27330
      View Details
    • $5,500 /Mo

      Sanford Mixed-Use Property for Lease

      Flexible mixed-use property near downtown Sanford with office, warehouse, and apartment.
      209 Sycamore St, Sanford, NC 27330
      View Details
    • Contact for pricing

      Sanford Flex Space for Lease

      3,006 SF flex space in Moore Business Park.
      225 Commercial Ct, Sanford, NC 27330
      View Details
    • Contact for pricing

      Sanford Flex Space For Lease

      3,006 SF flex space in Moore Business Park.
      201-225 Commercial Ct, Sanford, NC 27330
      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.
    106 Charlotte Ave
    Sanford, NC 27330-4304
    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

    Thank You for Inquiry
    106 Charlotte Ave, Sanford, NC, 27330
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!