Property profile

633 Chatham St Sanford, NC 27330

OFF-MARKET
Manufacturing properties
Property ID
US53-2631458
136,580 SF 8.63 ac lot Built 1949
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Manufacturing properties
Use group PROCESSING PLANT (CEMENT, GRAVEL)
Year built 1949
Total area 136,580 SF
Lot 8.63 ac (375,923 SF)
Zoning code LIGHT INDUSTRIAL
APN 9642-98-0025-00
UPID US53-2631458

Cap rate & NOI

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

Location

633 Chatham St Sanford, NC 27330-4838
Sanford metro Census 30300 SANFORD, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$310k

Owner & transaction history

since 2021
Last sale
$285,000
7 recorded transactions
2022
Price N/A
2021
$285,000
2020
$5,000
2017
$230,000
2015
$230,000
2012
Price N/A
2009
$68,000

Zoning & alternative use

LIGHT INDUSTRIAL · Sanford, NC

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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