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Property profile & analytics
OFF-MARKET Estimated value $530,000
Car washes

111 Bank St Sanford, NC 27332-9721

3,696 SF 1.47 ac lot Built 2004
Individually Owned 3-yr Hold Free & Clear
Property ID
US53-2791439
Property summary
AI-generated overview

This exceptional 4,500-square-foot retail space is ideally situated at 111 Bank Street in Sanford, North Carolina, within Lee County. Currently vacant and ready for immediate occupancy, this single-tenant property presents a unique opportunity for businesses seeking a prominent location. The building's total square footage is 4,500 square feet, offering ample space for a variety of retail ventures. Its convenient location in Sanford provides excellent visibility and accessibility for customers. The property is classified as commercial retail and is perfect for a business seeking a standalone presence. The address is 111 Bank Street, Sanford, NC 27332, with GPS coordinates of 35.4565019 latitude and -79.1437188 longitude. This is a single-tenant space, eliminating the complexities of multi-tenant management. The property is available for lease, offering a blank canvas for a business to establish its brand and presence in a thriving community. The building's size and layout provide flexibility for customization to meet specific business needs. This is an excellent opportunity to secure a high-visibility retail location in a desirable area of Sanford. Serious inquiries are encouraged to explore this exceptional retail space.

Property profile
Verified
Property type Car washes
Use group CAR WASH - AUTOMATED
Year built 2004
Total area 3,696 SF
Lot 1.47 ac (64,033 SF)
APN 9652-71-2110-00
UPID US53-2791439
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JT Auto Center Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$419k
Blend (final) Blend
$530k
Owner & transaction history
Vevrendar Bokka · 3 yrs held
Vevrendar Bokka
since 2023
Last sale
$530,000
3 recorded transactions
2023
Price N/A
2023
$530,000
2015
$300,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $400,000 +62.7%
Retail stores $350,000 +41.8%
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