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    Property profile & analytics
    OFF-MARKET Estimated value $800,000
    Medical Office Space

    1922 K M Wicker Memorial Dr, Sanford, NC 27330-5069

    0.78 ac lot
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-3889508
    Property summary
    AI-generated overview

    This single-story, 10,228-square-foot medical office building in Sanford, North Carolina, presents a unique investment opportunity. Located at 1922 K M Wicker Memorial Dr, this Class C property sits on a 0.68-acre lot and offers exceptional flexibility. Built in 2000 and renovated in 2007, the building is currently entirely vacant, providing a blank canvas for a new tenant or multiple tenants. The property's previous use as a dialysis clinic makes it ideally suited for a variety of medical practices. The owner is open to subdividing the space into up to four separate units, catering to various business needs. Its convenient location is a significant advantage, being less than 0.2 miles from Central Carolina Hospital, ensuring high visibility and accessibility for patients. The property is zoned OI and offers ample space for expansion or customization. This is a rare chance to acquire a fully vacant, adaptable medical office building in a prime location with significant potential for growth and return on investment. The building's size, location, and flexibility make it an attractive option for both established medical practices and new ventures seeking a well-positioned space in a thriving community.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Lot 0.78 ac (33,977 SF)
    Zoning code OFFICE & INSTITUTIONAL
    APN 9642-35-1961-00
    UPID US53-3889508
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $730k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $800k
    Owner & transaction history
    Shashank LLC · 5 yrs held
    Shashank LLC
    since 2021
    Last sale
    $803,000
    1 recorded transaction
    2021
    $803,000
    Zoning & alternative use
    OFFICE & INSTITUTIONAL · Sanford, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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