Property profile

402 Wicker St Sanford, NC 27330

OFF-MARKET
Distribution centers
Property ID
US53-2752162
8,400 SF 0.9 ac lot Built 1991
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,400-square-foot flex space property at 402 Wicker Street in Sanford, North Carolina, presents a compelling investment opportunity. Situated on a 0.89-acre lot in Lee County, this single-tenant building offers significant potential for a variety of commercial uses. The property boasts 10 drive-in doors, providing convenient access for loading and unloading. Its C-2 zoning (General Commercial District) allows for a wide range of business operations. The building's substantial size and versatile layout make it ideal for businesses requiring ample warehouse space and convenient access. Located in a rapidly developing area adjacent to downtown Sanford, this property benefits from high visibility and easy access to major transportation routes. The property's strategic location and flexible zoning make it an attractive option for businesses seeking to establish or expand their operations in a thriving community. This is a rare opportunity to acquire a well-located, functional industrial space in a growing market. The property's address is 402 Wicker Street, Sanford, NC 27330.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1991
Total area 8,400 SF
Lot 0.9 ac (38,999 SF)
APN 9642-58-9927-00
UPID US53-2752162

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store

Location

402 Wicker St Sanford, NC 27330-4258
Sanford metro Census 30101 SANFORD, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
$830k
Comparable Approach Comparable
$812k
Blend (final) Blend
$995k

Owner & transaction history

since 2023
Last sale
$915,000
2 recorded transactions
2023
$915,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $905,000 +73.1%
Retail stores $620,000 +18.4%
Neighborhood: shopping center $570,000 +8.8%

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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