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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    633 Chatham St Sanford, NC 27330-4838

    • Manufacturing properties
    • 136,580 SF
    • 8.63 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2021
    $285,000
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2631458
    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

    • Manufacturing properties

    Property Details for 633 Chatham St

    Year built
    1949
    Lot size
    8.63 lot acres
    Property size
    136,580 SF
    Zone code
    LIGHT INDUSTRIAL
    Property type
    Manufacturing properties
    APN
    9642-98-0025-00
    APU
    964298002500

    Description

    This exceptional 2-story flex space at 633 Chatham St, Sanford, NC 27330, presents a unique leasing opportunity. The 8.63-acre property boasts a Light Industrial zoning designation, allowing for versatile usage. The building features high ceilings ranging from 15 to 20 feet, providing ample vertical space. An open floor plan offers flexibility for various layouts and operational needs. Ample parking is available on-site, ensuring convenient access for employees and clients. Recent renovations have encompassed a complete overhaul of the mechanical, electrical, and roofing systems, ensuring modern and efficient building performance. Further enhancements are planned for the landscaping and parking lot, scheduled for completion in Spring 2024. The property's location offers convenient access to downtown Sanford, a thriving area that has seen significant recent investment, including a $6.5 million streetscape improvement project. This revitalization has attracted numerous new businesses, drawing investors and tenants from the greater Triangle region. The property's APN is 9642980025 and is located in Lee County. This is an ideal location for businesses seeking a modern, well-maintained industrial or office space in a rapidly growing area. The single-tenant occupancy provides privacy and control.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $310,000
      ML approach
      $675,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.1712
    Latitude
    35.4755
    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
    $16,502
    $431,500
    $961,100
    $1,392,600
    -
    $431,500
    $961,100
    $1,392,600

    Comparable in this City

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      View Details
    • Value Estimation
      $620,000
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      2018 Boone Trl Rd

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    • Value Estimation
      $505,000
      27,242 SF

      5825 Clyde Rhyne Dr

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      5825 Clyde Rhyne Dr, Sanford, NC 27330-9520
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    • Value Estimation
      $835,000
      108,646 SF

      3550 Hawkins Ave

      PROCESSING PLANT (CEMENT, GRAVEL) • 108,646 SF
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    • Value Estimation by Request
      263,059 SF

      101 Mcneill Rd

      PROCESSING PLANT (CEMENT, GRAVEL) • 263,059 SF
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      View Details
    • Value Estimation by Request
      292,065 SF

      5008 Womack Rd

      PROCESSING PLANT (CEMENT, GRAVEL) • 292,065 SF
      5008 Womack Rd, Sanford, NC 27330-9594
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,135 SF

      Sanford Industrial Building with Crane

      28,135 SF industrial building with crane near Sanford.
      5825 Clyde Rhyne Dr, Sanford, NC 27330
      View Details
    • $700,000
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      Downtown Sanford Industrial Portfolio

      Flex, warehouse, & printing business.
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      View Details
    • $950,000
      20,390 SF

      East Sanford Industrial Land Opportunity

      7.8 acres in East Sanford with industrial zoning.
      152 155 E Chisolm, Sanford, NC 27330
      View Details
    • $650,000
      10,000 SF

      King Street Warehouse: Sanford, NC

      Industrial Warehouse - Prime Location
      810 King St, Sanford, NC 27330
      View Details
    • $1,250,000
      6,000 SF

      Sanford Mixed-Use Commercial Opportunity

      Versatile Sanford property with commercial buildings and residential space.
      1110 Hawkins Ave, Sanford, NC 27330
      View Details
    • $28,000,000
      431,983 SF

      Sanford Industrial Portfolio: 32 Acres

      Multi-site industrial complex, fully occupied.
      807 Main St, Sanford, NC 27330
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      25,754 SF

      Sanford Flex Industrial Building Available

      25,754 SF flex industrial building for lease in Sanford, NC.
      2907 Lee Ave, Sanford, NC 27330
      View Details
    • $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
      View Details
    • $9 SF/Yr
      16,000 SF

      Sanford Warehouse with Fenced Storage

      16,000 SF warehouse with outside storage available Q4 2025.
      3307 Lee Ave, Sanford, NC 27330
      View Details
    • $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
    • $12 SF/Yr
      19,250 SF

      Moore Business Park Flex Space

      Sanford, NC industrial flex space available.
      225 Commercial Ct, Sanford, NC 27330
      View Details
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    633 Chatham St
    Sanford, NC 27330-4838
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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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