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    Property profile & analytics

    402 Wicker St Sanford, NC 27330-4258

    • Distribution centers
    • 8,400 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $995,000
    Last Sale
    Dec 29, 2023
    $915,000
    Location Intelligence
    Property ID
    US53-2752162
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 1-800 Office Solutions / Office Equipment Supplier / Commercial Printer

    Property Details for 402 Wicker St

    Year built
    1991
    Lot size
    0.90 lot acres
    Property size
    8,400 SF
    Property type
    Distribution centers
    APN
    9642-58-9927-00
    APU
    964258992700

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $995,000

    • CAP approach

      CAP return
      Estimation
      6%
      $925,000
      6.5%
      $870,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,055,000
      Geo Method
      $990,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $985,000
      Retail
      $1,040,000
      Mixed-Use
      $935,000
      Hospitality
      $1,090,000
      Educational
      $880,000
      Residential Income
      $910,000
      Energy
      $830,000
      Income-Based Land
      $785,000
      Food Service
      $1,060,000

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.1816
    Latitude
    35.4781
    CBSA code
    41820
    CBSA name
    SANFORD, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,409
    $234,000
    $388,100
    $622,100
    -
    $234,000
    $388,100
    $622,100

    Comparable in this City

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      132,721 SF

      1501 Douglas Dr

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      View Details
    • Value Estimation by Request
      18,150 SF

      315 Moore St

      Distribution properties • 18,150 SF
      315 Moore St, Sanford, NC 27330
      View Details
    • Value Estimation
      $875,000
      37,604 SF

      1000 Horner Blvd, Unit B

      DISTRIBUTION WAREHOUSE • 37,604 SF
      1000 Horner Blvd, Sanford, NC 27330-9443
      View Details
    • Value Estimation by Request
      1,441 SF

      2209 Boone Trl Rd, Unit 2209

      DISTRIBUTION WAREHOUSE • 1,441 SF
      2209 Boone Trl Rd, Sanford, NC 27330-8641
      View Details
    • Value Estimation
      $410,000
      17,640 SF

      111 Mcneill Rd

      DISTRIBUTION WAREHOUSE • 17,640 SF
      111 Mcneill Rd, Sanford, NC 27330-9451
      View Details
    • Value Estimation by Request
      9,800 SF

      3713 Hawkins Ave

      DISTRIBUTION WAREHOUSE • 9,800 SF
      3713 Hawkins Ave, Sanford, NC 27330-9519
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $6 SF/Yr
      135,580 SF

      Sanford Industrial Space For Lease

      Industrial spaces for lease with downtown Sanford access.
      633 Chatham St, Sanford, NC 27330
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    • $7 SF/Yr
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      View Details
    • $9 SF/Yr
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      Sanford Warehouse with Fenced Storage

      16,000 SF warehouse with outside storage available Q4 2025.
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      View Details
    • $12 SF/Yr
      19,250 SF

      Moore Business Park Flex Space

      Sanford, NC industrial flex space available.
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    • $1.00 SF/Yr
      150,000 SF

      Sanford Warehouse Space Available

      40,000 SF warehouse space in growing downtown Sanford.
      513 Wicker St, Sanford, NC 27330
      View Details
    • Contact for pricing
      19,250 SF

      Sanford Flex Space For Lease

      3,006 SF flex space in Moore Business Park.
      201-225 Commercial Ct, Sanford, NC 27330
      View Details
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    402 Wicker St
    Sanford, NC 27330-4258
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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