Entity Owned Property summary
AI-generated overview
This exceptional Lee County industrial property offers a 21,000-square-foot single-tenant warehouse ideally situated in the Highway Commercial District. The building boasts 18,000 square feet of warehouse space complemented by 2,500 square feet of office area, perfect for a variety of businesses. The property sits on a generous 4.76-acre lot, providing ample space for outdoor storage and operations. Features include a new concrete truck court, additional gravel parking, and the potential for secure yard storage. The warehouse itself offers a 16-foot ceiling clearance, two dock-high doors, and two gas heaters. The property also includes a computer-operated lighted message sign. Conveniently located, it offers easy access to US-1 and is only ten minutes from downtown Sanford's vibrant amenities. The property's APN is 9529-89-0722. Lease rates range from $11.00 to $14.00 per square foot. This well-maintained property presents a unique opportunity for businesses seeking a versatile and strategically located industrial space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
21,600 SF
Lot
4.76 ac (207,346 SF)
Zoning code
HIGHWAY COMMERCIAL
APN
9529-89-0722-00
UPID
US53-2928303
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
-
Clothing Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
since 2024
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
HIGHWAY COMMERCIAL · Sanford, NC
Top alternative use upside
Retail stores
$2.1M
+104.9%
Neighborhood: shopping center
$1.5M
+46.5%
Auto repair, garage
$1.4M
+44.5%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.40M
Value range
$1.26M – $1.53M
±10% around blend
Estimated value / SF
$65 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.26M
blend $1.40M
$1.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,600 SF
Lot area
4.76 ac
Year built
2000
Stories
1
APN
9529-89-0722-00
Zoning
HIGHWAY COMMERCIAL
Assessed value
$680,000
Annual tax
$5,128
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.40M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 28 sales
$46
+40%
Submarket 49 sales
$47
+37%
County 49 sales
$54
+20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $65/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+105%
vs current-use indication
Neighborhood: Shopping Center
Auto Repair, Garage
Industrial (general)
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
10.00%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 10.00%
9.0%
NOI (est.)
$98k *
Last sale · Mar 2024
$1.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$977k
Move the market yield to see immediate price impact.
Value / SF
$45
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.50%10.00%10.50%
$88k
$925k
$879k
$837k
$98k
$1.03M
$977k
$930k
$107k
$1.13M
$1.07M
$1.02M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,128
Tax year 2024
Assessed value
$680,000
Assessed 2024
Previous assessed
$730,900
-7.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$207,400
Assessed improvement
$472,600
Land market value
$207,400
Improvement market value
$472,600
Total market value
$680,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
YES
Cooling
NONE
Stories
1
Total area
21,600 SF
Lot
4.76 ac (207,346 SF)
Zoning code
HIGHWAY COMMERCIAL
APN
9529-89-0722-00
UPID
US53-2928303
Jurisdiction
LEE
Zoning & alternative use
HIGHWAY COMMERCIAL · Sanford, NCZoning HIGHWAY COMMERCIAL · permitted uses
HIGHWAY COMMERCIAL · Sanford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
4.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HIGHWAY COMMERCIAL
Jurisdiction
Sanford, NC
Recorded code
HIGHWAY COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HIGHWAY COMMERCIAL in Sanford, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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