1922 K M Wicker Memorial DrSanford, NC 27330

Property Details for 1922 K M Wicker Memorial Dr

Lot size

0.78 AC

Zone code

OFFICE & INSTITUTIONAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

9642-35-1961-00

APU

964235196100

Description

This single-story, 10,228-square-foot medical office building in Sanford, North Carolina, presents a unique investment opportunity. Located at 1922 K M Wicker Memorial Dr, this Class C property sits on a 0.68-acre lot and offers exceptional flexibility. Built in 2000 and renovated in 2007, the building is currently entirely vacant, providing a blank canvas for a new tenant or multiple tenants. The property's previous use as a dialysis clinic makes it ideally suited for a variety of medical practices. The owner is open to subdividing the space into up to four separate units, catering to various business needs. Its convenient location is a significant advantage, being less than 0.2 miles from Central Carolina Hospital, ensuring high visibility and accessibility for patients. The property is zoned OI and offers ample space for expansion or customization. This is a rare chance to acquire a fully vacant, adaptable medical office building in a prime location with significant potential for growth and return on investment. The building's size, location, and flexibility make it an attractive option for both established medical practices and new ventures seeking a well-positioned space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $8,793,436

  6.5%

  $8,117,018

  7%

  $7,537,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,764,096

  Geo Method

  $7,799,080

• Alternative Use

  Use

  Valuation

  Residential

  $10,065,102

  Hospitality

  $9,219,579

  Educational

  $7,670,582

  Medical

  $7,934,385

  Retail

  $11,932,016

Location Insight

City

Sanford

County

Lee

State

North Carolina

Latitude

35.4695

Longitude

-79.1909

CBSA code

41820

CBSA name

SANFORD, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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