114 S Park Ave Sanford, FL 32771
114 S Park Ave, Sanford, FL, 32771
Contact for pricing
For Sale
Contact for pricing
Storefront properties
Property Size7,320 SF
Price / SF$305.33
Days on Market161
Property Features for 114 S Park Ave
General Information
- Standard status
- Active
- Size
- 7,320 SF
- Property subtype
- Mixed Use, Office, Retail
Listing agency
Colliers - Orlando, Florida
(407) 748-8970
Listed by
Rafael Mendez, CCIM · License #BK3317523
Source
Crexi
Added: Feb 10 Updated: Jul 21 at 7:31AM Checked: Jul 21 at 7:31AM
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 Colliers - Orlando, Florida
Investment Insights
Based on property information with market context.
Key Highlights
- 116 S Park Avenue in Historic Downtown Sanford
- Situated on a block anchored by The Alley and Fuel Bar‑B‑Q
Local Financial Insights For Retail
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 | $212.6k | $29.04 |
| − Vacancy | −$7.2k | −$0.99 |
| EGI | $205.3k | $28.05 |
| − OpEx | −$61.6k | −$8.42 |
| NOI | $143.7k | $19.64 |
7,320 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.05M
$1.80M – $2.40M
NOI $143,742 @ 7.0% cap · market cap 6.43%
Second Best
Office B
$1.56M
$1.37M – $1.82M
NOI $109,361 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,814 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Philco Construction & Development, ...
Construction Company
Philco Construction
Big Box & Wholesale Store
The Alley
Music Venue
Similar For Sale Nearby
Similar Off Market Nearby
- The Happy Florist — 1015 W 1st St, Sanford, FL 32771
FAQs
Where is this storefront property located?
The property is located at 114 S Park Ave Sanford, FL.
What is the asking price?
The asking price for this property is $2,235,000.
What are key features of this property?
This property features: 116 S Park Avenue in Historic Downtown Sanford; Situated on a block anchored by The Alley and Fuel Bar‑B‑Q
