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    Property profile & analytics

    2703 Tramway Rd Sanford, NC 27332-7140

    • Auto shops
    • 40,000 SF
    • 2.97 lot acres
    OFF-MARKET
    Value Estimation
    $655,000
    Location Intelligence
    Property ID
    US53-2843855
    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

    • Thomas Tire Commercial & Off Road / Auto Repair Shop / Rv Repair Shop
    • Pearson Textiles Inc / Home Goods Store

    Property Details for 2703 Tramway Rd

    Year built
    1978
    Lot size
    2.97 lot acres
    Property size
    40,000 SF
    Zone code
    LIGHT INDUSTRIAL
    Property type
    Auto shops
    APN
    9641-04-2087-00
    APU
    964104208700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $710,000
      6.5%
      $745,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $705,000
      Geo Method
      $730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $835,000
      Retail
      $730,000
      Mixed-Use
      $750,000
      Hospitality
      $705,000
      Educational
      $620,000
      Residential Income
      $765,000
      Energy
      $825,000
      Income-Based Land
      $660,000
      Food Service
      $735,000

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.2005
    Latitude
    35.437
    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
    $0.00
    $226,400
    $911,900
    $1,138,300
    -
    $226,400
    $911,900
    $1,138,300

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      4452 Olivia Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      4452 Olivia Rd, Sanford, NC 27332
      View Details
    • Value Estimation
      $385,000
      4,064 SF

      1732 Dixie Farm Rd

      AUTO REPAIR, GARAGE • 4,064 SF
      1732 Dixie Farm Rd, Sanford, NC 27332-6461
      View Details
    • Value Estimation
      $380,000
      5,000 SF

      364 White Hl Rd

      AUTO REPAIR, GARAGE • 5,000 SF
      364 White Hl Rd, Sanford, NC 27332-7542
      View Details
    • Value Estimation
      $390,000
      2,920 SF

      207 Wilson Rd

      AUTO REPAIR, GARAGE • 2,920 SF
      207 Wilson Rd, Sanford, NC 27332-9648
      View Details
    • Value Estimation by Request
      1,425 SF

      3209 Nc-87

      Automotive properties • 1,425 SF
      3209 Nc-87, Sanford, NC 27332
      View Details
    • Value Estimation by Request
      8,040 SF

      414 Main St

      AUTO REPAIR, GARAGE • 8,040 SF
      414 Main St, Sanford, NC 27332-6120
      View Details

    Similar Nearby for Sale

    • $725,000
      6,350 SF

      102 Trade St, Sanford, NC 27332

      Commercial real estate • 6,350 SF
      102 Trade St, Sanford, NC 27332
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    • $40,000
      0.85 Acres

      Residential Lot in Trails End

      Vacant lot in established community near shopping and dining.
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      Land Parcel in Sanford, NC

      Land available for purchase in Sanford, North Carolina.
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    • $750,000
      3,550 SF

      Restored Historic Home, Sanford, NC

      Exquisitely restored historic home, ideal for office or event space.
      202 W Main St, Sanford, NC 27332
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      Sanford Commercial Land For Sale

      3.18 acre commercial land with highway frontage in Sanford, NC.
      5142 Nc 87 Hwy N, Sanford, NC 27332
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      Sanford, NC 10-Acre Land Parcel

      10-acre tract suitable for subdivision or residential development.
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    Similar Nearby for Lease

    • $526,980
      17,566 SF

      Former Acura Dealership For Lease

      Equipped automotive center with lifts, alignment machine, and tire equipment.
      3590 Nc 87, Sanford, NC 27332
      View Details
    • $11 SF/Yr
      2,687 SF

      Sanford Retail Gas Station For Lease

      High-visibility gas station with ample parking.
      1269 Greenwood Rd, Sanford, NC 27332
      View Details
    • $18,000 /Mo
      1,000 SF

      Sanford Retail Space For Rent

      1,000 sq ft retail space near Walmart and Hwy 87.
      352 Wilson Rd, Sanford, NC 27332
      View Details
    • Contact for pricing

      Freestanding Restaurant in Sanford, NC

      Freestanding second-generation restaurant with high visibility and ample parking.
      Sanford, NC 27332
      View Details
    • Contact for pricing
      196,021 SF

      Shoppes at Sanford Retail Space

      Walmart-anchored shopping center; multiple spaces available.
      3294 South Pt, Sanford, NC 27332
      View Details
    • 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
      View Details
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    Sanford, NC 27332-7140
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    Realmo Value Estimation

    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.

    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.

    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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