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    Multi-Tenant Office/Warehouse Flex Title is generated by Realmo AI

    112-5508 Benchmark Ln, Sanford, FL 32773

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    For Sale
    $2,000,000

    Multi-tenant flex building with office space, ample parking, and 16 drive-in bays on a fully fenced lot.

    Property size:
    10,898 SF
    Price / SF:
    $183/SF
    Added:
    Jun 11, 2026
    Days on Market:
    21
    Last Refresh:
    Jul 1 at 4:10 am

    Property Features for 112-5508 Benchmark Ln

    General Information

    Standard status
    Active
    Size
    10,898 SF

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    Mark Allen

    Listing office COMMERCIAL REAL ESTATE PROF IN

    Listing date Jun 11, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COMMERCIAL REAL ESTATE PROF IN

    HighLights

    • M1 zoned multi‑tenant office/warehouse flex building on a 1.00‑acre fully fenced lot
    • Over 10,898 SF total building size
    • Industrial‑area location with easy access to N. Ronald Reagan Blvd, Hwy 17, and State Road 419
    • 16 drive‑in bays
    • Ample on‑site parking

    Overview

    This M1-zoned, multi-tenant office/warehouse flex building offers a combination of office and warehouse functionality in one property. The site is fully fenced and includes ample parking to support tenant and customer access. Warehouse operations are supported by 16 drive-in bays.

    The property is located in an industrial area of Sanford, Florida, with easy access to N. Ronald Reagan Blvd, Hwy 17, and State Road 419. The combination of highway connectivity and on-site parking helps accommodate daily traffic needs for a variety of industrial and light commercial users.

    As a flex configuration, the building can be suitable for tenants that need both operational warehouse space and dedicated office space, while also benefiting from multiple drive-in access points for loading and deliveries. The fully fenced yard and drive-in bays make it practical for logistics, distribution, and service-oriented industrial uses that rely on direct vehicle access.

    Local 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 $261.6k $24.00
    − Vacancy −$44.5k −$4.08
    EGI $217.1k $19.92
    − OpEx −$54.3k −$4.98
    NOI $162.8k $14.94
    10,898 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.33M
    $2.04M – $2.71M (±1% cap)
    NOI $162,816 @ 7.0% cap · market cap 8.14%
    Second Best
    Warehouse
    $1.06M
    $924.1K – $1.23M (±1% cap)
    NOI $73,924 @ 7.0% cap · market cap 3.70%
    Theoretical Best
    Office A
    $3.10M
    $2.71M – $3.62M (±1% cap)
    NOI $217,088 @ 7.0% cap · market cap 10.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.301454
    Latitude
    28.731844

    FAQs

    What type of property is this?
    Flex space - Multi-tenant flex building with office space, ample parking, and 16 drive-in bays on a fully fenced lot.
    Where is this flex space located?
    The property is located at 112-5508 Benchmark Ln Sanford, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: M1 zoned multi‑tenant office/warehouse flex building on a 1.00‑acre fully fenced lot; Over 10,898 SF total building size; Industrial‑area location with easy access to N. Ronald Reagan Blvd, Hwy 17, and State Road 419
    More about this property
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