Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2885 S Orlando Dr Sanford, FL 32773

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,960,000

    2.11 acre retail opportunity on US Hwy 17-92.

    Building Details

    Year built
    1975

    We can help!

    Listing Contact
    Lance Cobb
    Lance Cobb
    Source: Svn

    Listing Agent: Lance Cobb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Building on High-Traffic Corridor

    This property offers a rare infill real estate opportunity situated along the highly trafficked US Hwy 17-92 corridor. The site benefits from high visibility and consistent daily traffic exposure, with approximately 26,500 vehicles per day. The property is positioned within a well-established commercial corridor serving Sanford, Lake Mary, and the greater Seminole County trade area, with convenient access to major employment nodes, residential density, and Orlando Sanford International Airport. The oversized 2.11 acre parcel includes an existing 6,720 square foot freestanding retail building. The property functions as a corner-oriented location with excellent visibility, access, and branding potential. It is zoned C-2, allowing for a wide range of commercial uses, though buyers should verify specific use allowances. Vacant delivery at closing makes this property ideal for redevelopment, re-tenanting, or owner-user occupancy.
    Location Intelligence

    Current Use by Public Records

    LL Flooring Carpet & Flooring Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2767078
    Latitude
    28.7751021

    Nearby Similar for Sale

    • $395,000
      1,320 SF

      Turnkey Sanford Convenience Store Opportunity

      Fully operational convenience store with real estate and inventory included.
      1805 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $890,000
      1,650 SF

      Turnkey Sanford Bar and Grill

      Fully equipped bar and grill with real estate for sale.
      100 S White Cedar Rd, Sanford, FL 32771
      View Details
    • $2,450,000
      7,987 SF

      Remodeled Historic Mixed-Use Building

      Remodeled historic commercial building in Downtown Sanford's vibrant business district.
      121 E 1St St, Sanford, FL 32771
      View Details
    • $1,230,000
      2,152 SF

      Sanford Waterfront Commercial Opportunity

      Prime commercial property in Sanford's thriving waterfront district.
      417 Sanford Ave, Sanford, FL 32771
      View Details
    • $179,900
      Pending

      Sanford Mixed-Use Property For Sale

      Mixed-use property in Sanford, close to downtown and airport.
      1006 S Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $299,000
      1,332 SF

      Sanford Mixed-Use Commercial Opportunity

      Versatile 1,688 SF commercial space in Sanford, Florida.
      1013 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $875,000
      4,493 SF

      Sanford Mixed-Use Commercial Complex

      Versatile commercial complex with multiple buildings and income streams.
      2516 Sanford Ave, Sanford, FL 32773
      View Details
    • $775,000
      610 SF

      Profitable Drive-Thru Restaurant Opportunity

      Established drive-thru restaurant for sale with real estate included.
      2521 S French Ave, Sanford, FL 32773
      View Details
    • New
      $1,427,700
      6,112 SF

      Historic Sanford Multi-Family Investment

      Historic 9-unit apartment building in downtown Sanford.
      318 S Palmetto Ave, Sanford, FL 32771
      View Details
    • $950,000
      6,032 SF

      Historic Sanford Mixed-Use Opportunity

      Mixed-use property in Sanford's Downtown Community Redevelopment Area.
      209 N Oak Ave, Sanford, FL 32771
      View Details
    • $1,000,000
      3,952 SF

      Income Producing Sanford Mixed-Use Property

      Income-producing mixed-use property in the heart of Sanford's Historic District.
      106 Magnolia Ave, Sanford, FL 32771
      View Details
    • $490,000
      1,285 SF

      Downtown Sanford Restaurant with Patio

      Turn-key restaurant in historic Sanford with outdoor seating.
      120 S Park Ave, Sanford, FL 32771
      View Details

    FAQs

    What type of property is this?
    Storefront property - 2.11 acre retail opportunity on US Hwy 17-92.
    Where is this storefront property located?
    The property is located at 2885 S Orlando Dr Sanford, FL.
    What is the asking price?
    The asking price for this property is $1,960,000.
    What are key features of this property?
    This property features: - Prime location on US Hwy 17-92 (S Orlando Dr) with high traffic count (±26,500 AADT) offering excellent visibility.; - Oversized 2.11± acre parcel ideal for redevelopment or re-tenanting.; - Vacant delivery at closing allows for immediate occupancy or redevelopment.
    (941) 387-1200
    Request Owner's contact information
    2885 S Orlando Dr Sanford, FL 32773
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2885 S Orlando Dr
    Sanford, FL 32773
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2885 S Orlando Dr Sanford, FL 32773
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lance Cobb
    Lance Cobb
    Real Estate License ID: #SL3483253
    (941) 387-1200 (941) 356-4781
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!