Redevelopment Commercial Parcel with Office
3312 W 5TH Street Sanford, FL 32771
For Sale
$375,000
COMMERCIAL - SANFORD, FL
Property Size936 SF
Lot Size0.16 Acres
Price / SF$400.64
Days on Market47
Property Features for 3312 W 5TH Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- A-1
- Standard status
- Active
- APN
- 26-19-30-5AE-310B-0000
- Size
- 936 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- E 94 FT OF W 315 FT OF S 76 FT OF BLK 31 M M SMITHS SUBD PB 1 PG 55
- Tax Annual Amount
- 716
Utilities
- Utilities
- Electricity Available
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Well, Private
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Martina Paradysz · License #3567402
(386) 801-8858
Added: Jun 10
Changed: Jul 25
Last Checked: Jul 26 at 6:06PM
MLS# V4949594
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 3312 W 5th Street in Sanford, FL 32771, this A-1 zoned property includes an existing office building set on a sizeable lot. The listing is noted as “virtually staged,” and the current structure is presented as a solid foundation for redevelopment.
The property is described as being just minutes from major transportation arteries, including I-4 and State Road 46, with proximity to downtown Sanford. For buyers and developers evaluating redevelopment opportunities, the existing improvements combined with the underlying land area support potential for conversion into a modern office building, professional suites, or mixed-use commercial space, subject to applicable requirements.
The property is described as being just minutes from major transportation arteries, including I-4 and State Road 46, with proximity to downtown Sanford. For buyers and developers evaluating redevelopment opportunities, the existing improvements combined with the underlying land area support potential for conversion into a modern office building, professional suites, or mixed-use commercial space, subject to applicable requirements.
Key Highlights
- Block construction with central heating, central air conditioning, and electric (heating)
- Built in 1959 with shingle roof
- Utilities include electricity available
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $24.00 |
| − Vacancy | −$3.8k | −$4.08 |
| EGI | $18.6k | $19.92 |
| − OpEx | −$4.7k | −$4.98 |
| NOI | $14.0k | $14.94 |
936 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$199.8K
$174.8K – $233.1K
NOI $13,984 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.4K
$233.1K – $310.8K
NOI $18,645 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - A-1 zoned parcel in Sanford with an existing office building on a lot sized for redevelopment and land value.
Where is this commercial land located?
The property is located at 3312 W 5TH Street Sanford, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Block construction with central heating, central air conditioning, and electric (heating); Built in 1959 with shingle roof; Utilities include electricity available
