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Multi-Tenant Office/Warehouse Flex

112-5508 Benchmark Ln Sanford, FL 32773

112-5508 Benchmark Ln, Sanford, FL, 32773
$2,000,000
For Sale
Claim this Listing
$2,000,000

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

Property Size10,898 SF
Price / SF$183.52
AddedJun 11
Days on Market35
Last RefreshJul 1 at 4:10 am

Property Features for 112-5508 Benchmark Ln

General Information

Standard status
Active
Size
10,898 SF

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


Investment Insights

Based on property information with market context.

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.

Key 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

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.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Dental Office Restaurant Law Firm Pharmacy Hair Salon Gym & Fitness Center Parking Lot & Garage Nail Salon Garden Center

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

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
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