Property profile

2907 Lee Ave Sanford, NC 27332

OFF-MARKET
Manufacturing properties
Property ID
US53-2513700
25,517 SF 4.46 ac lot Built 1970
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A 25,754-square-foot flex industrial building in Sanford, North Carolina, sited on 4.46 acres and zoned for light industrial use. The facility offers warehouse space with 14-foot ceiling height, includes one dock door and one drive-in door with space that could accommodate additional doors, and provides office area. The warehouse is fully conditioned and equipped with a wet sprinkler system, with upgraded lighting and two dock doors referenced as recently updated in the configuration. The building is served by 800-amp, three-phase electrical service and includes additional utility structures such as a compressor shed and a boiler room shed. The property is positioned along Lee Avenue within an industrial/flex corridor, with convenient access to major routes including US-421 (via local connections toward Lillington and the US-1 corridor toward the Raleigh-Durham area), and US-87 toward Fayetteville and I-95; it also offers potential exterior yard space and additional land suitable for parking and/or truck storage.

Property profile

Verified
Property type Manufacturing properties
Use group PROCESSING PLANT (CEMENT, GRAVEL)
Year built 1970
Total area 25,517 SF
Lot 4.46 ac (194,278 SF)
Zoning code LIGHT INDUSTRIAL
APN 9651-78-5149-00
UPID US53-2513700

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2907 Lee Ave Sanford, NC 27332-6207
Sanford metro Census 30402 SANFORD, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
$515k
Blend (final) Blend
$790k

Owner & transaction history

since 2021
Last sale
$730,000
1 recorded transaction
2021
$730,000

Zoning & alternative use

LIGHT INDUSTRIAL · Sanford, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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