Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1956 Horner Blvd Sanford, NC 27330-5841

    • Retail space
    • 14,250 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2920392
    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

    • Christine A. Vandenberg, RPH / Pharmacy
    • Daniel P. Phillips, PharmD / Pharmacy
    • Kristi J. Adams, PharmD / Pharmacy
    • Holly B. Parker, PharmD / Pharmacy
    • Bettina M. Hartgrove, PharmD / Pharmacy

    Property Details for 1956 Horner Blvd

    Year built
    2003
    Lot size
    1.37 lot acres
    Property size
    14,250 SF
    Property type
    Retail space
    APN
    9652-43-8758-00
    APU
    965243875800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,598,000
      Market price range: $521k - $1.60M
      AI Estimate
      $1,446,000
      Market price range: $522k - $1.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,050,000
      Current use
      COMMERCIAL (GENERAL)
      $1,535,000
      Change: +46% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $965,000
      Change: -8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $955,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.1516
    Latitude
    35.4639
    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
    $29,352
    $580,100
    $1,896,900
    $2,477,000
    -
    $580,100
    $1,896,900
    $2,477,000

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      3723 Carbonton Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      3723 Carbonton Rd, Sanford, NC 27330-8727
      View Details
    • Value Estimation
      $635,000
      6,085 SF

      714 Horner Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,085 SF
      714 Horner Blvd, Sanford, NC 27330-3518
      View Details
    • Value Estimation by Request
      608 SF

      1226 Vance St

      RETAIL STORES (PERSONAL SERVICES) • 608 SF
      1226 Vance St, Sanford, NC 27330-5034
      View Details
    • Value Estimation by Request
      816 SF

      1101 Washington Ave, Unit 1109

      RETAIL STORES (PERSONAL SERVICES) • 816 SF
      1101 Washington Ave, Sanford, NC 27330-5143
      View Details
    • Value Estimation by Request
      10,550 SF

      815-819 Woodland Ave, Unit 819

      RETAIL STORES (PERSONAL SERVICES) • 10,550 SF
      815-819 Woodland Ave, Sanford, NC 27330-5356
      View Details
    • Value Estimation by Request
      8,149 SF

      946 Horner Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,149 SF
      946 Horner Blvd, Sanford, NC 27330-9442
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Historic Downtown Sanford Mixed-Use Building

      Historic mixed-use building in Downtown Sanford with retail and office/apartment potential.
      128 Carthage St, Sanford, NC 27330
      View Details
    • Contact for pricing
      17,816 SF

      Downtown Sanford Historic Masonic Temple

      Historic mixed-use building in downtown Sanford with retail and office/apartment potential.
      128 Carthage St, Sanford, NC 27330
      View Details
    • Contact for pricing
      10,500 SF

      Downtown Sanford Commercial Opportunity Zone

      Three parcels with two buildings and a printing business.
      104 Hawkins Ave, Sanford, NC 27330
      View Details
    • Contact for pricing

      Versatile Commercial Space on Lee

      Adaptable commercial space in growing Jonesboro area, Sanford.
      2210 Lee Ave, Sanford, NC 27330
      View Details
    • Contact for pricing
      7,159 SF

      Downtown Sanford Commercial Opportunity

      Commercial property in revitalized Downtown Sanford, suitable for small business.
      110 S Steele St, Sanford, NC 27330
      View Details
    • $995,000
      6,000 SF

      Sanford Mixed-Use Development Opportunity

      Versatile Sanford property with commercial and light industrial potential.
      1110 Hawkins Ave, Sanford, NC 27330
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad in Growing Area

      Retail pad available for lease in rapidly growing Tramway area.
      2220 Jefferson Davis Hwy, Sanford, NC 27330
      View Details
    • $3,350 /Mo

      Unique Downtown Sanford Retail Space

      Renovated retail space with hardwood floors and exposed brick.
      102 S Steele St, Sanford, NC 27330
      View Details
    • Contact for pricing
      5,365 SF

      Free Standing Bank Building

      Bank building with drive-thru and redevelopment potential on 0.90-acre.
      1001 South Horner Blvd, Sanford, NC 27330
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Sanford, North Carolina.
      Colon Rd & Us Hwy 1, Sanford, NC 27330
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Single tenant office space available, totaling 6,645 square feet.
      1024 S Horner Blvd, Sanford, NC 27330
      View Details
    • Contact for pricing
      24 SF

      Land for Lease in Sanford

      Prime land for lease with high visibility and easy access.
      Colon Rd & Us Hwy 1, Sanford, NC 27330
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1956 Horner Blvd
    Sanford, NC 27330-5841
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!