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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office Spaces
1378 Mcneill Rd, Sanford, NC 27330-9526
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2902483
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1971
Total area
6,280 SF
Lot
2.67 ac (116,305 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9643-49-0437-00
UPID
US53-2902483
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
-
American South General Contractors Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$830k
Owner & transaction history
Sanford Partnership · 2 yrs held
Sanford Partnership
since 2024
3 recorded transactions
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,539
Tax year 2023
Assessed value
$691,900
Assessed 2023
Previous assessed
$691,900
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$174,500
Assessed improvement
$517,400
Land market value
$174,500
Improvement market value
$517,400
Total market value
$691,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1971
Heating
YES
Cooling
NONE
Stories
1
Total area
6,280 SF
Lot
2.67 ac (116,305 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9643-49-0437-00
UPID
US53-2902483
Jurisdiction
LEE
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Zoning OFFICE & INSTITUTIONAL · permitted uses
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Heating
YES
Cooling
Yes
Stories
1
Lot
2.67 ac
Current owner
From public records · entity-resolved
Sanford Partnership
Entity
Free & Clear · 2 yrs held
Mailing address
107 INLT PT DR, WILMINGTON, NC 28409-5009
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
—
Sanford Partnership
Jeffery T Myles
Deed
—
Sep 18, 2013
—
Sanford Ptshp
Myles,john F III & Jeffrey T
Warranty Deed
$640,000 · First Bank
—
—
John Myles III
—
Deed Of Trust
related
$632,000 · Capital Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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