Remodeled Historic Downtown Office
121 E 1st Street Unit 101 Sanford, FL 32771
121 E 1st Street Unit 101, Sanford, FL, 32771
$1,500,000
For Sale
$1,500,000
Remodeled two-story building with open first floor, eight offices upstairs, and new HVAC installed in 2023.
Property Size8,008 SF
Price / SF$187.31
Days on Market303
Property Features for 121 E 1st Street Unit 101
General Information
- Standard status
- Active
- Size
- 8,008 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
KROLL REALTY GROUP
(407) 716-7429
Listed by
Holly Kroll · License #3282595
Source
Realtygroupfl
Added: Sep 19, 2025 Checked: Jul 18 at 3:24 am
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 KROLL REALTY GROUP
Investment Insights
Based on property information with market context.
This remodeled historic commercial building offers a flexible two-story layout with character features and modern updates. The first floor features an open-concept space with exposed brick walls, high open-air ceilings, three bathrooms, and a kitchenette, making it suitable for a variety of uses where adaptable floorplates are desired. The second floor includes two-story ceilings and a professional setup with eight private offices, a break room, and an additional restroom. Front-facing windows have been soundproofed to help maintain a quieter interior environment. Recent improvements include fresh interior paint, new LVP flooring on the first floor, new carpet on the second floor, and a new A/C system installed in 2023.
The property is located at 121 E 1st Street in downtown Sanford, positioned between 1st Street and Magnolia in the First Street business district. The building is zoned SC3, which may support a range of potential use cases under the local zoning framework.
As configured, the building provides both an expansive ground-level area and a more partitioned office level, supported by multiple bathrooms and on-site climate improvements.
The property is located at 121 E 1st Street in downtown Sanford, positioned between 1st Street and Magnolia in the First Street business district. The building is zoned SC3, which may support a range of potential use cases under the local zoning framework.
As configured, the building provides both an expansive ground-level area and a more partitioned office level, supported by multiple bathrooms and on-site climate improvements.
Key Highlights
- Remodeled historic commercial building built in 1920, located in Downtown Sanford’s First Street business district
- Two‑story layout with open‑concept first floor for retail, restaurant, office, or event space; original exposed brick and open‑air ceilings
- Second floor features 8 private offices, a break room, and a restroom; front‑facing windows have been soundproofed
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 | $192.2k | $24.00 |
| − Vacancy | −$32.7k | −$4.08 |
| EGI | $159.5k | $19.92 |
| − OpEx | −$39.9k | −$4.98 |
| NOI | $119.6k | $14.94 |
8,008 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.62M
NOI $157,252 @ 7.0% cap · market cap 10.48%
Second Best
Office B
$1.71M
$1.50M – $1.99M
NOI $119,640 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,519 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brightway Insurance
Insurance Agency
Deviant Wolfe Brewing
Production Facility
The Florida Council on Compulsive ...
Charitable Organization
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FAQs
What type of property is this?
Office building - Remodeled two-story building with open first floor, eight offices upstairs, and new HVAC installed in 2023.
Where is this office building located?
The property is located at 121 E 1st Street Unit 101 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: Remodeled historic commercial building built in 1920, located in Downtown Sanford’s First Street business district; Two‑story layout with open‑concept first floor for retail, restaurant, office, or event space; original exposed brick and open‑air ceilings; Second floor features 8 private offices, a break room, and a restroom; front‑facing windows have been soundproofed
