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Property profile & analytics

840 White Hl Rd Sanford, NC 27332-7582

  • Warehouses
  • 21,600 SF
  • 4.76 lot acres
OFF-MARKET
Last Sale
Mar 15, 2024
$1,395,000
Value Estimations
$1,580,000
Show details
Cap Rate Potential
10%
Warehouses
Location Intelligence
Property ID
US53-2928303
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

  • Mid Pines Hosiery Co / Clothing Store

Property Details for 840 White Hl Rd

Year built
2000
Lot size
4.76 lot acres
Property size
21,600 SF
Zone code
HIGHWAY COMMERCIAL
Property type
Warehouses
APN
9529-89-0722-00
APU
952989072200

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,395,000
    ML approach
    $1,395,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,320,000
    6.5%
    $2,140,000
    7%
    $1,985,000
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $1,000,000
    Current use
    RETAIL STORES
    $2,050,000
    Change: +105% Conversion: Moderate
    NEIGHBORHOOD: SHOPPING CENTER
    $1,465,000
    Change: +46% Conversion: Moderate
    AUTO REPAIR, GARAGE
    $1,445,000
    Change: +45% Conversion: Easy
    INDUSTRIAL (GENERAL)
    $1,385,000
    Change: +39% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Sanford
County
Lee
State
North Carolina
Longitude
-79.2415
Latitude
35.3977
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
$5,128
$207,400
$472,600
$680,000
-
$207,400
$472,600
$680,000
More about this property
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