Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sanford Plaza Retail Investment Opportunity Title is generated by Realmo AI

    2921 S ORLANDO DRIVE 178, Sanford, FL 32773

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $749,000

    Retail space in Sanford Plaza, leased until 12/31/2026.

    Type:Commercial/Industrial
    Property size:
    5,100 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $146/SF
    Added:
    Mar 12, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 5 at 8:55 pm

    Property Features for 2921 S ORLANDO DRIVE 178

    General Information

    Standard status
    Active
    Size
    5,100 SF
    Lot size
    0.11 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Seshagiri Parupalli

    Listing agent Seshagiri Parupalli License #3289107

    Listing office SUNA REALTY LLC

    Listing date Mar 12, 2026

    Source Exitrealty

    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 SUNA REALTY LLC

    HighLights

    • Great location with high visibility to the Greenway (417) and good traffic.
    • Leased until 12/31/2026, providing immediate rental income.
    • New AC units and fire sprinkler system installed.
    • Tenant spent approximately $50,000 in upgrades/renovation.
    • Owner spent approximately $50,000 in upgrades, including a new fire alarm system.
    • Foam‑covered roof with river rock provides UV protection and insulation with high ceilings.

    Overview

    Located in Sanford Plaza, this retail unit, also referred to as #178/180, offers a leased investment opportunity until 12/31/2026. The plaza is anchored by Bravo Foods and comprises approximately 155,000 square feet situated on 14 +/- acres. The property benefits from high ceilings and good visibility to the Greenway (417), contributing to its appeal. The roof is primarily foam-covered with small river rock, providing protection from UV rays and enhanced insulation. A new fire sprinkler system has been installed, along with new AC units. The current tenant invested approximately $50,000 in upgrades and renovations, while the owner also invested approximately $50,000 in upgrades, including the new fire sprinkler system and fire alarm system. The property is centrally located and close to various amenities.
    Location Intelligence

    Current Use by Public Records

    Rincon Latino (Bike/Boat/Book/etc) Store Dr. Ronald M. ... Dental Office Pathways to Home Social Service Agency Prodigy Academy Advance ... Training Center Tax Shoppe Tax Preparation

    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.

    Similar Places Nearby

    • Pinecrest Shopping Center — S Orlando Dr, Sanford, FL 32773

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2789
    Latitude
    28.7723

    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 BOULEVARD, SANFORD, FL 32771
      View Details
    • $825,000
      4,493 SF

      Versatile Sanford Commercial Complex

      Three-building complex with restaurant, live/work space, and flex building.
      2516 SANFORD AVENUE, SANFORD, FL 32773
      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 ROAD, SANFORD, FL 32771
      View Details
    • $889,000
      2,152 SF

      Sanford Waterfront Commercial Opportunity

      Prime commercial property in Sanford's thriving waterfront district.
      417 & 419 SANFORD AVENUE, SANFORD, FL 32771
      View Details
    • $684,900
      1,740 SF

      Sanford Industrial Property with Offices

      Industrial property with offices, storage, and fenced outdoor space.
      414 W 9TH STREET, SANFORD, FL 32771
      View Details
    • $2,000,000
      7,987 SF

      Remodeled Historic Sanford Mixed-Use Building

      Remodeled historic mixed-use building in Downtown Sanford's vibrant First Street.
      121 E 1ST STREET, SANFORD, FL 32771
      View Details
    • $775,000
      610 SF

      Profitable Drive-Thru Restaurant Opportunity

      Established drive-thru restaurant for sale with real estate included.
      2521 S FRENCH AVENUE, SANFORD, FL 32773
      View Details
    • $289,000
      1,332 SF

      Sanford Mixed-Use Commercial Opportunity

      Versatile commercial space in Sanford with high visibility and parking.
      1013 HISTORIC GOLDSBORO BOULEVARD, SANFORD, FL 32771
      View Details
    • $799,900
      4,272 SF

      Income-Producing Sixplex Near Downtown Sanford

      Updated sixplex near Historic Downtown Sanford with immediate cash flow.
      613 E 2ND STREET, SANFORD, FL 32771
      View Details
    • $350,000

      Established Microbrewery and Restaurant

      Turnkey brewery and restaurant in Historic Downtown Sanford.
      419 S SANFORD AVENUE, SANFORD, FL 32771
      View Details
    • $615,000
      2,412 SF

      Income-Producing Sanford Quadruplex

      Quadruplex in Sanford's Historic District with income potential.
      1113 S PARK AVENUE, SANFORD, FL 32771
      View Details
    • $399,999
      1,352 SF

      Updated Duplex on Ronald Reagan

      Updated duplex with immediate income potential near Seminole State College.
      5221 N RONALD REAGAN BOULEVARD, SANFORD, FL 32773
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in Sanford Plaza, leased until 12/31/2026.
    Where is this shopping center located?
    The property is located at 2921 S ORLANDO DRIVE 178 Sanford, FL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Great location with high visibility to the Greenway (417) and good traffic.; Leased until 12/31/2026, providing immediate rental income.; New AC units and fire sprinkler system installed.
    (321) 262-6676
    We can help!
    Listing Contact
    Seshagiri Parupalli
    Real Estate License ID: 3289107
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2921 S ORLANDO DRIVE 178, SANFORD, FL 32773
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!