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    Property profile & analytics
    OFF-MARKET Estimated value $765,000
    Manufacturing properties

    2907 Lee Ave, Sanford, NC 27332-6207

    25,517 SF 4.46 ac lot Built 1970
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-2513700
    Property summary
    AI-generated overview

    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.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $805k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $515k
    Blend (final) Blend
    $765k
    Owner & transaction history
    First Choice Retail LLC · 5 yrs held
    First Choice Retail LLC
    since 2021
    Last sale
    $730,000
    1 recorded transaction
    2021
    $730,000
    Zoning & alternative use
    LIGHT INDUSTRIAL · Sanford, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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