For Sale
Contact for pricing
114 S Park Ave, Sanford, FL 32771
Storefront properties
Property Size7,320 SF
Price / SF$305.33
Days on Market252
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
Listed By:
Rafael Mendez, CCIM · License #BK3317523
(407) 748-8970
Source:
Crexi
Added: Feb 10
Changed: Oct 3
Last Checked: Oct 19 at 4:31AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,742
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,840
$2.9M
Cap Rate 7%
$2,053,457
$2.1M
Cap Rate 9%
$1,597,133
$1.6M
Market Conditions
NOI Build-Up for 7,320 SF
Gross rent
$212.6K $29.04/SF
− Vacancy
−$7.2K −$0.99/SF
EGI
$205.3K $28.05/SF
− OpEx
−$61.6K −$8.42/SF
NOI
$143.7K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,840
Cap Rate 7%
$2,053,457
Cap Rate 9%
$1,597,133
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32771, FL
57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- The Happy Florist — 1015 W 1st St, Sanford, FL 32771
Frequently Asked Questions
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
