Property profile

2909 Jefferson Davis Hwy Sanford, NC 27332

OFF-MARKET
Warehouses
Property ID
US53-2892792
9,200 SF 3.33 ac lot Built 1977
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional light industrial property, located at 2909 Jefferson Davis Highway in Sanford, North Carolina, presents a compelling investment opportunity. The property encompasses a total of 9,207 square feet situated on a one-acre lot, conveniently located on US 1. The property consists of two interconnected warehouses. The first warehouse offers a blend of office and warehouse space, totaling 6,079 square feet, and includes two restrooms. The second warehouse provides 3,128 square feet of open warehouse space, a single restroom, and a convenient loading dock. Built in 1977, this property benefits from three-phase power, a significant advantage for many industrial operations. The property utilizes a septic tank system and is connected to public water. The permitted zoning is light industrial, offering flexibility for a variety of uses. This well-maintained property is ready for immediate occupancy and presents a strong return on investment. The property's strategic location and functional layout make it an ideal choice for businesses seeking efficient and versatile warehouse space in a thriving area. The asking price is $1,800,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Total area 9,200 SF
Lot 3.33 ac (145,055 SF)
Zoning code HIGHWAY COMMERCIAL
APN 9630-27-6451-00
UPID US53-2892792

Cap rate & NOI

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

Location

2909 Jefferson Davis Hwy Sanford, NC 27332-7113
Sanford metro Census 30505 SANFORD, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2022
Last sale
$360,000
1 recorded transaction
2022
$360,000

Zoning & alternative use

HIGHWAY COMMERCIAL · 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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