Back to Search
Sanford Industrial Park Investment Opportunity

3650-3735 Naseem Ln Sanford, FL

3650-3735 Naseem Ln, Sanford, FL, 00000
Contact for pricing
For Sale
Claim this Listing
Contact for pricing

Fully leased industrial park near Orlando Sanford International Airport.

Property Size37,800 SF
Lot Size3.19 Acres
Price / SF$158.73
AddedApr 18, 2024
Days on Market819
Last RefreshApr 5 at 10:30 pm

Property Features for 3650-3735 Naseem Ln

General Information

Standard status
Active
Size
37,800 SF
Lot size
3.19 Acres
Property subtype
INDUSTRIAL

Listing office NAI Realvest | Orlando

Listing date Apr 18, 2024

Source Moodyscre

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 NAI Realvest | Orlando


Investment Insights

Based on property information with market context.

This industrial investment opportunity is located in the fast-growing Sanford Airport area. The Delphini Industrial Park consists of 10 individual condo buildings totaling 37,800 square feet on 2.33 acres. Constructed with metal buildings and roofs, each building is equipped with 3-phase, 400 amp electrical service. The units feature 14’ x 12’ grade-level overhead doors and an 18’ clear height. The property is 100% leased and offers a 6.7% Cap Rate as of June 1, 2024. The GC-2 zoning allows for commercial and light industrial uses. Situated directly across the street from Orlando Sanford International Airport, the property provides easy 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: buy and hold, or sell individual buildings.

Key Highlights

  • Rare industrial investment opportunity in fast‑growing Sanford Airport area.
  • 100% leased with a 6.7% Cap Rate as of 06/01/24.
  • Multiple options: buy and hold or sell individual buildings.

Local Financial Insights For Warehouse

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 $331.1k $8.76
− Vacancy −$29.5k −$0.78
EGI $301.7k $7.98
− OpEx −$45.2k −$1.20
NOI $256.4k $6.78
37,800 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$3.66M
$3.21M – $4.27M (±1% cap)
NOI $256,409 @ 7.0% cap · market cap 4.27%
Second Best
Industrial
$3.02M
$2.64M – $3.52M (±1% cap)
NOI $211,160 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$10.76M
$9.41M – $12.55M (±1% cap)
NOI $752,976 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

Similar Off Market Nearby

  • Orlando Catering — 1305 S Park Ave, Sanford, FL 32771
  • Fonda's Tasty Treats — 912 e 11th st, sanford, fl 32771
  • Just Being Chef T, Personal Chef Services — 802 w 20th st, sanford, fl 32771
  • Los Munchies — 2009 Chase Ave, Sanford, FL 32771
  • South Paw Soul Food — 12th and, Pecan Ave, Sanford, FL 32771

FAQs

What type of property is this?
Flex space - Fully leased industrial park near Orlando Sanford International Airport.
Where is this flex space located?
The property is located at 3650-3735 Naseem Ln 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: Rare industrial investment opportunity in fast‑growing Sanford Airport area.; 100% leased with a **6.7% Cap Rate** as of 06/01/24.; Multiple options: buy and hold or sell individual buildings.
Contact an agent
(407) 875-9989 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message