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Property profile & analytics

2907 Lee Ave Sanford, NC 27330

  • Manufacturing properties
  • 25,517 SF
  • 4.46 lot acres
Value Estimation
$745,000
Last Sale
Jun 15, 2021
$730,000
Location Intelligence
Property ID
US53-2513700
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

  • Manufacturing properties

Property Details for 2907 Lee Ave

Year built
1970
Lot size
4.46 lot acres
Property size
25,517 SF
Zone code
LIGHT INDUSTRIAL
Property type
Manufacturing properties
APN
9651-78-5149-00
APU
965178514900

Description

This exceptional 25,754-square-foot industrial warehouse, situated on a generous 4.46-acre lot in Sanford, North Carolina, presents a compelling investment opportunity. The single-tenant building boasts a 14-foot ceiling height, providing ample vertical space for storage or manufacturing operations. The property features one loading dock and one drive-in door, ensuring efficient loading and unloading. Power is supplied by an 800 AMP, 3-phase system, capable of supporting a range of industrial needs. Recently upgraded, the warehouse includes new dock doors and improved lighting, along with a functional office area. The property is zoned LI (Light Industrial), making it suitable for a variety of uses. Its strategic location on Lee Avenue offers convenient access to major transportation arteries, including Highway 421 (leading to Lillington), Highway 87 (connecting to Fayetteville and I-95), and the 421 bypass, providing a smooth route to US 1 and the Raleigh-Durham area. The property's proximity to Sanford's vibrant retail sector, with its numerous restaurants and large retailers, adds to its appeal. This warehouse is ideally positioned for businesses seeking efficient operations and convenient access to key transportation networks and local amenities. The entire 25,754 square feet is currently vacant, offering immediate occupancy for the new owner. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving market.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $790,000
  • CAP approach

    CAP return
    Estimation
    6%
    $730,000
    6.5%
    $710,000
    7%
    $650,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $665,000
    Geo Method
    $600,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $645,000
    Retail
    $595,000
    Mixed-Use
    $670,000
    Hospitality
    $580,000
    Educational
    $700,000
    Residential Income
    $585,000
    Energy
    $610,000
    Income-Based Land
    $760,000
    Food Service
    $775,000

Location Insight

  • Map
  • Local Demand
City
Sanford
County
Lee
State
North Carolina
Longitude
-79.1424
Latitude
35.4486
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
2024
$10,105
$291,400
$561,300
$852,700
-
$291,400
$561,300
$852,700
More about this property
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