Property profile

110 Steele St Sanford, NC 27330

OFF-MARKET
Strip malls
Property ID
US53-2520120
5,540 SF 0.06 ac lot Built 1953
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 110 S Steele Street in Sanford, NC, presents a unique investment or business opportunity in a revitalized downtown area. The building offers a substantial 7,159 square feet of space, ideally suited for a variety of commercial uses. The main floor encompasses 2,784 square feet, providing ample room for retail operations or a primary business function. Adding to its versatility, a 125-square-foot loft area offers additional space for office or storage needs. Upstairs, an expansive 4,250 square feet extends over 106 S Steele Street, which is also available for purchase separately (MLS # 696989). This presents a rare chance to acquire a significant footprint in the heart of Sanford's burgeoning downtown district. The property benefits from high visibility and is perfectly positioned to capitalize on the area's revitalization efforts. There are no confirmed special assessments associated with this property, simplifying the acquisition process. This is an exceptional opportunity for investors seeking a strong return or businesses looking to establish a prominent presence in a thriving downtown location. The combined square footage of both properties offers significant potential for expansion or multi-tenant occupancy. Don't miss this chance to become part of Sanford's vibrant downtown scene.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1953
Total area 5,540 SF
Lot 0.06 ac (2,788 SF)
Zoning code CENTRAL BUSINESS DISTRICT
APN 9642-69-6759-00
UPID US53-2520120

Cap rate & NOI

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

Location

110 Steele St Sanford, NC 27330-4234
Sanford metro Census 30101 SANFORD, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2026
3 recorded transactions
2026
$562,000
2023
Price N/A
2007
Price N/A

Zoning & alternative use

CENTRAL BUSINESS DISTRICT · Sanford, NC

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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