127-129 Steele St, Unit 129 Sanford, NC 27330-3917
Property profile & analytics
127-129 Steele St, Unit 129 Sanford, NC 27330-3917
- Office Spaces
- 6,098 SF
- 0.19 lot acres
Property ID
US53-2516739
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.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 127-129 Steele St
- Year built
- 1960
- Lot size
- 0.19 lot acres
- Property size
- 6,098 SF
- Zone code
- CENTRAL BUSINESS DISTRICT
- Property type
- Office Spaces
- APN
- 9643-60-4111-00
- APU
- 964360411100
Description
This 5,743 square foot medical office building, constructed in 1960, is situated on a 5,743 square foot lot at 127-129 N Steele St, Sanford, NC 27330. Currently leased to Central Carolina Gynecology, a well-established practice with over 25 years of service in the community and a partnership with Central Carolina Hospital, a 137-bed acute care facility affiliated with Duke LifePoint. The asking price is $740,579, representing a compelling $128.95 per square foot and an attractive 8.42% cap rate. The lease includes a beneficial 2% annual rent increase, providing a hedge against inflation. This property offers a high return on investment, priced below replacement cost for a fully built-out medical office. Its location less than an hour from the Research Triangle, Duke University, UNC, and NC State University, provides access to advanced medical technology and facilitates physician recruitment. The strong tenant, backed by a major hospital system, and the growing Sanford economy, fueled by recent investments from Bharat Forge and Kyowa Kirin, contribute to the property's long-term value and stability within the robust women's health market. This presents a unique opportunity for investors seeking a stable, high-yield investment in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $585,000
- ML approach
- $615,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $447,000
- AI Estimate
- $571,000
Market price range: $410k - $1.11MMarket price range: $364k - $1.24M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Lee
- State
- North Carolina
- Longitude
- -79.18
- Latitude
- 35.4812
- 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
2023
$6,168
$49,700
$426,600
$476,300
-
$49,700
$426,600
$476,300
