Sanford Industrial Park Investment
For Sale
$6,000,000
3650-3735 Naseem Lane, Sanford, FL 32771
Fully leased industrial park near Sanford Airport with investment options.
Property Size37,800 SF
Price / SF$158.73
Days on Market261
Property Features for 3650-3735 Naseem Lane
General Information
Standard status
Active
Size
37,800 SF
Property subtype
Industrial
Listing Agency:
(407) 341-0805
Listed By:
Paul P. Partyka, CCIM, MiCP, CIPS
(407) 341-0805
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 8 at 4:08AM
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 Paul P. Partyka, CCIM, MiCP, CIPS
Investment Insights
Based on property information with market context.
This industrial park, located in the rapidly developing Sanford Airport area, presents a rare investment opportunity. The property is 100% leased and offers a 6.7% cap rate as of June 1, 2024. The park, known as 786 Industrial Park, comprises 10 individual condo buildings, totaling approximately 37,800 square feet, situated on approximately 2.33 acres. The zoning is GC-2, which allows for commercial and light industrial uses. The construction features metal buildings and roofs. Each building is equipped with 3-phase, 400 amp electrical service, 14’ x 12’ grade-level overhead doors, and an 18’ clear height. The location provides direct access across the street from Orlando Sanford International Airport and convenient access to SR 46, Lake Mary Blvd, US Hwy 17-92, SR 417 (Greeneway), and I-4. The property offers multiple options for a buyer, including a buy-and-hold strategy or selling the individual buildings.
Key Highlights
- 100% leased with a 6.7% Cap Rate (as of 06/01/24) provides immediate income.
- Rare industrial investment opportunity in the rapidly developing Sanford Airport area.
- Located directly across the street from Orlando Sanford International Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$256,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,128,180
$5.1M
Cap Rate 7%
$3,662,986
$3.7M
Cap Rate 9%
$2,848,989
$2.8M
Market Conditions
NOI Build-Up for 37,800 SF
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.
Gross rent
$331.1K $8.76/SF
− Vacancy
−$29.5K −$0.78/SF
EGI
$301.7K $7.98/SF
− OpEx
−$45.2K −$1.20/SF
NOI
$256.4K $6.78/SF
Area
Seminole County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,128,180
Cap Rate 7%
$3,662,986
Cap Rate 9%
$2,848,989
Alternative Uses
Best Use
Warehouse
$3.66M
$3.21M – $4.27M
NOI $256,409 @ 7.0% cap · market cap 4.27%
Second Best
Industrial
$3.02M
$2.64M – $3.52M
NOI $211,160 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$10.76M
$9.41M – $12.55M
NOI $752,976 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
752
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased industrial park near Sanford Airport with investment options.
Where is this flex space located?
The property is located at 3650-3735 Naseem Lane Sanford, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 100% leased with a 6.7% Cap Rate (as of 06/01/24) provides immediate income.; Rare industrial investment opportunity in the rapidly developing Sanford Airport area.; Located directly across the street from Orlando Sanford International Airport.
