Mixed-Use Building with Private
For Sale
$1,500,000
121 E 1ST Street, Sanford, FL 32771
Commercial Sale, SANFORD, FL
Property Size7,987 SF
Lot Size0.10 Acres
Price / SF$187.81
Days on Market353
Property Features for 121 E 1ST Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SC3
Subdivision
SANFORD TOWN OF
Directions
From I-4 go east on 46 and continue on 1st St, located next to clock in Magnolia Square.
Standard status
Active
APN
25-19-30-5AG-0303-0010
Size
7,987 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1 (LESS S 37.65 FT) & E 2.97 FT OF LOT 2 (LESS S 37.65 FT) BLK 3 TR 3 TOWN OF SANFORD PB 1 PG 58
Tax Annual Amount
14368
Legal Description
LOT 1 (LESS S 37.65 FT) & E 2.97 FT OF LOT 2 (LESS S 37.65 FT) BLK 3 TR 3 TOWN OF SANFORD PB 1 PG 58
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
open-concept layout
original exposed brick walls
soaring open-air ceilings
three bathrooms
kitchenette
eight private offices
break room
restroom
soundproofed windows
two-story ceilings
Building Details
Year built
1920
Floors in Building
2
Flooring type
Vinyl, Tile - Ceramic
Building materials
Brick, Stucco
Listing Agency:
KROLL REALTY GROUP
(407) 339-6930
Listed By:
Holly Kroll · License #3282595
(407) 716-7429
Added: Oct 27, 2025
Changed: Oct 1
Last Checked: Oct 14 at 5:06PM
MLS# O6355722
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this 7,987-square-foot mixed-use building has two floors and a 0.1-acre lot. The first-floor layout is open, with exposed brick, three bathrooms and a kitchenette. Upstairs, eight private offices are complemented by a break room and restroom. The building also has SC3 zoning, central heating and central air conditioning.
Recent improvements include first-floor LVP flooring, second-floor carpet, fresh interior paint and an air-conditioning system installed in 2023. The property is on East First Street in Sanford’s First Street business district, between First Street and Magnolia.
Recent improvements include first-floor LVP flooring, second-floor carpet, fresh interior paint and an air-conditioning system installed in 2023. The property is on East First Street in Sanford’s First Street business district, between First Street and Magnolia.
Key Highlights
- 7,987‑square‑foot building on a 0.1‑acre lot
- First floor features an open layout, exposed brick, kitchenette and three bathrooms
- Second floor has eight private offices, a break room and a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,326
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,386,520
$2.4M
Cap Rate 7%
$1,704,657
$1.7M
Cap Rate 9%
$1,325,844
$1.3M
Market Conditions
NOI Build-Up for 7,987 SF
Gross rent
$191.7K $24.00/SF
− Vacancy
−$32.6K −$4.08/SF
EGI
$159.1K $19.92/SF
− OpEx
−$39.8K −$4.98/SF
NOI
$119.3K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,386,520
Cap Rate 7%
$1,704,657
Cap Rate 9%
$1,325,844
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.61M
NOI $156,840 @ 7.0% cap · market cap 10.46%
Second Best
Office B
$1.70M
$1.49M – $1.99M
NOI $119,326 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,101 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two levels combine an open commercial floor with a separate suite of private offices.
Where is this mixed-use property located?
The property is located at 121 E 1ST Street Sanford, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,987‑square‑foot building on a 0.1‑acre lot; First floor features an open layout, exposed brick, kitchenette and three bathrooms; Second floor has eight private offices, a break room and a restroom
