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    Property profile & analytics

    55 Amarillo Ln Sanford, NC 27332-3018

    • Strip malls
    • 7,200 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2301380
    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

    • Dunston Bryan C DDS / Dental Office
    • Reynolds Jr Arthur W DDS / Dental Office
    • Sandhills Pediatric & Family Dentistry / Dental Office
    • Figueredo Joel O DDS / Dental Office
    • Bryan Collier Dunston / Dental Office

    Property Details for 55 Amarillo Ln

    Year built
    2009
    Lot size
    1.24 lot acres
    Property size
    7,200 SF
    Zone code
    COMM
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    03958601 0353 01
    APU
    3958601035301

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $747,000
      Market price range: $300k - $747k
      AI Estimate
      $749,000
      Market price range: $292k - $750k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $490,000
      Current use
      COMMERCIAL (GENERAL)
      $785,000
      Change: +61% Conversion: Easy
      RETAIL STORES
      $685,000
      Change: +40% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $460,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Harnett
    State
    North Carolina
    Longitude
    -79.0685
    Latitude
    35.2778
    CBSA code
    22180
    CBSA name
    FAYETTEVILLE, NC METROPOLITAN 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
    2023
    $9,191
    $0.00
    $0.00
    $1,256,787
    -
    $167,250
    $1,089,537
    $1,256,787

    Comparable in this City

    • Value Estimation
      $13,080,000
      110,974 SF

      3010 Horner Blvd, Unit 3100

      SHOPPING CENTER, STRIP CENTER • 110,974 SF
      3010 Horner Blvd, Sanford, NC 27332-9644
      View Details
    • Value Estimation by Request
      3,360 SF

      108 Main St

      SHOPPING CENTER, STRIP CENTER • 3,360 SF
      108 Main St, Sanford, NC 27332-5907
      View Details
    • Value Estimation by Request
      660 SF

      125th W Main St

      SHOPPING CENTER, STRIP CENTER • 660 SF
      125th W Main St, Sanford, NC 27332-5919
      View Details
    • Value Estimation
      $890,000
      8,540 SF

      68 Amarillo Ln

      SHOPPING CENTER, STRIP CENTER • 8,540 SF
      68 Amarillo Ln, Sanford, NC 27332-3020
      View Details
    • Value Estimation
      $740,000
      7,560 SF

      2831 Horner Blvd, Unit 2839

      SHOPPING CENTER, STRIP CENTER • 7,560 SF
      2831 Horner Blvd, Sanford, NC 27332-8037
      View Details
    • Value Estimation
      $3,160,000
      8,346 SF

      3100 Horner Blvd, Unit 3108

      SHOPPING CENTER, STRIP CENTER • 8,346 SF
      3100 Horner Blvd, Sanford, NC 27332-8039
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      151,769 SF

      Retail Center in Sanford, NC

      Anchored retail center with national tenants and growth potential.
      3044 S Horner Blvd, Sanford, NC 27332
      View Details
    • $645,000

      Highway Frontage Commercial Land

      Prime commercial land with high traffic and development potential.
      5142 Nc 87 N, Sanford, NC 27332
      View Details
    • $645,000
      3.18 Acres

      Sanford Commercial Land For Sale

      Highway frontage in high-traffic area suitable for retail or office.
      5142 Nc 87 Hwy N, Sanford, NC 27332
      View Details
    • $699,000
      6,350 SF

      Sanford Commercial Building with Outdoor Space

      6350 SF commercial building with covered outdoor lounging area.
      102 Trade St, Sanford, NC 27332
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space on Horner Blvd

      10,000 SF retail space in high-traffic Sanford corridor.
      2629 Dalrymple St, Sanford, NC 27332
      View Details
    • $175,000
      Pending

      Sanford, NC 10-Acre Land Parcel

      10-acre track suitable for subdivision or residential construction.
      Love Grove Church Rd, Sanford, NC 27332
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Walmart Anchored Retail Space Available

      Retail space for lease in a Walmart-anchored shopping center.
      3294 South Pt South, Sanford, NC 27332
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Sanford, North Carolina.
      1269 Greenwood Rd, Sanford, NC 27332
      View Details
    • Contact for pricing

      Freestanding Restaurant in Sanford, NC

      Freestanding second-generation restaurant with high visibility and ample parking.
      2610 S Horner Blvd, Sanford, NC 27332
      View Details
    • $351,320
      17,566 SF

      Former Acura Dealership For Lease

      Fully equipped automotive center with customer lounge and parts storage.
      3590 Nc 87, Sanford, NC 27332
      View Details
    • $18,000 /Mo
      1,000 SF

      Sanford Retail Space For Rent

      1,000 sq ft retail space near Walmart and Hwy 87.
      352 Wilson Rd, Sanford, NC 27332
      View Details
    • Contact for pricing
      8,400 SF

      Sanford Industrial Space with Storage

      7,400 SF industrial space with fenced laydown storage.
      3105 Hal Siler Dr, Sanford, NC 27332
      View Details
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    Sanford, NC 27332-3018
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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