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    Property profile & analytics

    1486 Kentucky Ave Sanford, NC 27332

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3883025
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1486 Kentucky Ave

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents three residential builder lots nestled within the prestigious Carolina Trace, a 24-hour gated golf community in Sanford, North Carolina. Located approximately 40 minutes south of Raleigh, this prime location offers convenient access to Raleigh, Fort Liberty, and Pinehurst. The lots are situated in a highly sought-after neighborhood, boasting an array of amenities including two Robert Trent Jones-designed golf courses, a sprawling 315+ acre private lake, swimming pools, a clubhouse, and tennis courts. Carolina Trace is renowned for its active lifestyle and has hosted significant golf events, including the Will Lowery Junior Championship. Each lot is ready for development, with water and sewer taps available at an $800 fee per lot. The area exhibits strong growth potential, with Lee County projecting a 14.1% increase in population between 2020 and 2030. New construction homes in the area average $200 per square foot, with custom homes commanding higher prices. This package deal presents a unique chance to capitalize on the thriving Sanford real estate market and the desirable Carolina Trace lifestyle. The specific addresses are 1486 Kentucky Ave, 1375 Tennessee Cir, and 3289 Edinburgh Dr, all in Sanford, NC 27332.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.090483
    Latitude
    35.4116749

    Comparable in this City

    • $40,000
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      Residential Lot in Trails End

      Vacant lot in established community near shopping and dining.
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    • $60,000
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      Land Parcel in Sanford, NC

      Land available for purchase in Sanford, North Carolina.
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    • $275,000
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      Sanford, NC 10-Acre Land Parcel

      10-acre tract suitable for subdivision or residential development.
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    • $340,000
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      Sanford Land For Sale

      17 acres in rapidly growing Western Harnett County area.
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    • $130,000
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      Sanford, NC Land Opportunity

      4.01-acre lot for a custom home near Highway 87.
      Walker Rd, Sanford, NC 27332
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    • $40,000
      0.89 Acres

      Sanford, NC Vacant Land

      Vacant lot in established community near shopping and dining.
      Timberlake Trl, Sanford, NC 27332
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    Similar Nearby for Sale

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      13.24 Acres

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      Sanford, NC Vacant Land

      Vacant lot in established community near shopping and dining.
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    • $149,000
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      Sanford Land on Golf Course

      6+ acre homesites on Quail Ridge golf course!
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      13 SF

      Sanford Retail Development Opportunity

      Two parcels ideal for retail development in Sanford, North Carolina.
      S Nc 87 Hwy, Sanford, NC 27332
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    • $175,000
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      Sanford, NC 10-Acre Land Parcel

      10-acre track suitable for subdivision or residential construction.
      Love Grove Church Rd, Sanford, NC 27332
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    • $39,500
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      Sanford Land in Gated Community

      Residential land in a gated community with golf course.
      3123 Sandwedge, Sanford, NC 27332
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    Similar Nearby for Lease

    • Contact for pricing

      Sanford Commercial Land for Lease

      2.83 Acres, US-501 & Tramway Rd
      0 Us-501 & Tramway Rd, Sanford, NC 27332
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    • Contact for pricing
      1 SF

      Sanford Retail Center - Hwy 1 & Tramway Rd

      Prime Sanford Retail Land, Multiple Spaces Available
      0 Tramway Rd & Hwy 1, Sanford, NC 27332
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    • Contact for pricing
      1 SF

      Retail Development Land For Lease

      1.02 acre commercial land for lease in Sanford, NC.
      5110 Nc Highway 87, Sanford, NC 27332
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    • $526,980
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      Former Acura Dealership For Lease

      Equipped automotive center with lifts, alignment machine, and tire equipment.
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    • $12 SF/Yr
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      Sanford Industrial Space with Yard

      Industrial space with laydown yard available for lease.
      3030 Lee Ave, Sanford, NC 27332
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    • $7 SF/Yr
      52,500 SF

      Sanford Industrial Building For Lease

      52,500 SF industrial building suitable for manufacturing or distribution.
      908 J R Industrial Dr, Sanford, NC 27332
      View Details
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    1486 Kentucky Ave
    Sanford, NC 27332
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    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
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