Two-Story Flex
100 Tech Drive Sanford, FL 32771
100 Tech Drive, Sanford, FL, 32771
$1,700,000
For Sale
$1,700,000
Newly renovated two-story building with 100% air-conditioning, wet fire sprinklers, and two demised spaces.
Property Size9,041 SF
Lot Size0.52 Acres
Price / SF$188.03
Days on Market800
Property Features for 100 Tech Drive
General Information
- Standard status
- Active
- Size
- 9,041 SF
- Lot size
- 0.52 Acres
Listing Agency
(407) 706-3579
Listed by
Kevin Eaton · License #BK3315857
(407) 706-3579
Source
Expcommercial
Added: May 10, 2024 Checked: Jul 18 at 3:28 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 Kevin Eaton
Investment Insights
Based on property information with market context.
Newly renovated two-story office & industrial building totaling 9,041 square feet, with 100% air-conditioning throughout. The entire building is served by a wet fire sprinkler system, supporting flexible use considerations. The property includes interior rolling storm shutters on every window and a wet fire alarm monitoring box (new in 2023), along with a new 7.5-ton HVAC unit (2023).
The building sits on a 0.52-acre corner lot and is accessed via two driveways, one off Tech Drive and one via a shared driveway off St. Johns Pkwy. Paved concrete driveways and parking include 11 striped spaces, with the rear of the building designed to accommodate up to 20 vehicles. The configuration includes two demised spaces separated by a four-hour firewall and two pedestrian door openings.
The larger space features an entry lobby, kitchenette, restrooms, private offices, and open work/storage/R&D areas, and is serviced by two 12-foot at-grade roll-up doors. The smaller space includes private offices, a restroom, and open work/storage/R&D areas, and also includes a 12-foot at-grade roll-up door. The property is zoned RI-1, Restricted Industrial, with permitted uses listed as including college, university or vocational schools, vehicular uses, business and services, and industrial uses.
The building sits on a 0.52-acre corner lot and is accessed via two driveways, one off Tech Drive and one via a shared driveway off St. Johns Pkwy. Paved concrete driveways and parking include 11 striped spaces, with the rear of the building designed to accommodate up to 20 vehicles. The configuration includes two demised spaces separated by a four-hour firewall and two pedestrian door openings.
The larger space features an entry lobby, kitchenette, restrooms, private offices, and open work/storage/R&D areas, and is serviced by two 12-foot at-grade roll-up doors. The smaller space includes private offices, a restroom, and open work/storage/R&D areas, and also includes a 12-foot at-grade roll-up door. The property is zoned RI-1, Restricted Industrial, with permitted uses listed as including college, university or vocational schools, vehicular uses, business and services, and industrial uses.
Key Highlights
- Newly renovated 9,041 SF two‑story office & industrial building with 100% air‑conditioning throughout.
- Entire building is protected by a wet fire sprinkler system and includes fire alarm monitoring (2023 new monitoring box).
- On a 0.52‑acre corner lot in Sanford Central Park with two driveways and paved concrete parking (11 striped spaces).
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 | $217.0k | $24.00 |
| − Vacancy | −$36.9k | −$4.08 |
| EGI | $180.1k | $19.92 |
| − OpEx | −$45.0k | −$4.98 |
| NOI | $135.1k | $14.94 |
9,041 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $135,073 @ 7.0% cap · market cap 7.95%
Second Best
Warehouse
$876.1K
$766.6K – $1.02M
NOI $61,328 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,097 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Davis Darrell L
Storage Facility
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FAQs
What type of property is this?
Flex space - Newly renovated two-story building with 100% air-conditioning, wet fire sprinklers, and two demised spaces.
Where is this flex space located?
The property is located at 100 Tech Drive Sanford, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Newly renovated 9,041 SF two‑story office & industrial building with 100% air‑conditioning throughout.; Entire building is protected by a wet fire sprinkler system and includes fire alarm monitoring (2023 new monitoring box).; On a 0.52‑acre corner lot in Sanford Central Park with two driveways and paved concrete parking (11 striped spaces).
