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    OFF-MARKET
    Auto shops

    2920 Lee Ave, Sanford, NC 27332-6208

    6,000 SF 1.89 ac lot Built 1973
    Entity Owned Free & Clear
    Property ID
    US53-2503554
    Property summary
    AI-generated overview

    This exceptional 9,000-square-foot industrial property, situated on a 1.9-acre lot, presents a unique investment opportunity. The property features two separate warehouse buildings totaling 9,000 square feet. Warehouse 1 boasts 4,000 square feet with six convenient drive-in doors, while Warehouse 2 offers 3,000 square feet and four drive-in doors. A significant advantage is the inclusion of approximately one acre of secure lay-down yard space, ideal for equipment storage or material staging. The property also includes a turnkey office and showroom area, enhancing its versatility. Built in 1973, the property is zoned C-2, allowing for a wide range of commercial uses. The property's location on Lee Avenue benefits from high visibility and significant traffic, with a daily vehicle count of 6,800. The Assessor's Parcel Number (APN) is 9651-68-7716-00. Tenancy is single. The lease rate is $18.00 per square foot, NNN, with a TICAM of $1.75 per square foot. This property offers a compelling combination of space, functionality, and location, making it an ideal choice for a variety of businesses. Ten drive-in doors provide excellent access and efficiency.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1973
    Total area 6,000 SF
    Lot 1.89 ac (82,328 SF)
    APN 9651-68-7716-00
    UPID US53-2503554
    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
    Current use
    Occupant on record · Public records
    • His Amazing Grace Charitable Organization Social Service Agency
    • Joe's garage of Sanford Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    2920 Lee LLC
    2920 Lee LLC
    since 2025
    Last sale
    $2.2M
    4 recorded transactions
    2025
    $2.2M
    2024
    2023
    $500,000
    2023
    $500,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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