Flex Space with Grade-Level Bay
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For Sale
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1370 TROPIC PARK DRIVE #1370, Sanford, FL 32773
The unit combines cooled office space, an open warehouse area, a grade-level bay door, and two restrooms.
Property Size1,440 SF
Price / SF$16.67
Days on Market4
Property Features for 1370 TROPIC PARK DRIVE #1370
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Industrial
Zoning
GC2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Building Details
Year Built
1999
Listing Agency:
ALPHA EQUITY REALTY & MANAGEMENT INC
(407) 789-1002
Listed By:
Tatuli Kotchlamazashvili · License #3581374
(646) 388-4766
Source:
Endlesssummerrealty
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:11PM
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 ALPHA EQUITY REALTY & MANAGEMENT INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,440-square-foot flex property at Tropic Park Business Center pairs air-conditioned office space with an open warehouse area. A grade-level bay door supports loading, and the unit includes two restrooms. The building dates to 1999, and the property is zoned GC2.
The space has frontage on US Hwy 17-92 in Sanford. It is across from the Seminole County Clerk of Courts and a short drive from SR 417 and Lake Mary Boulevard.
The space has frontage on US Hwy 17-92 in Sanford. It is across from the Seminole County Clerk of Courts and a short drive from SR 417 and Lake Mary Boulevard.
Key Highlights
- 1,440 SF flex space at Tropic Park Business Center
- Air‑conditioned office area alongside open warehouse space
- Grade‑level bay door and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,470
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,400
$149.4K
Cap Rate 7%
$106,714
$106.7K
Cap Rate 9%
$83,000
$83.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$12.6K $8.76/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$11.5K $7.98/SF
− OpEx
−$4.0K −$2.79/SF
NOI
$7.5K $5.19/SF
Area
Seminole County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,400
Cap Rate 7%
$106,714
Cap Rate 9%
$83,000
Alternative Uses
Best Use
Warehouse
$139.5K
$122.1K – $162.8K
NOI $9,768 @ 7.0% cap · market cap 40.70%
Second Best
Industrial
$114.9K
$100.6K – $134.1K
NOI $8,044 @ 7.0% cap · market cap 33.52%
Theoretical Best
Office A
$409.8K
$358.6K – $478.1K
NOI $28,685 @ 7.0% cap · market cap 119.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32773, FL
33,990
Population
13,402
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
1,232
Density / Sq Mi
$63,496
Median Household Income
$40,479
Median Earnings
$1,482
Median Rent
$259,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The unit combines cooled office space, an open warehouse area, a grade-level bay door, and two restrooms.
Where is this flex space located?
The property is located at 1370 TROPIC PARK DRIVE #1370 Sanford, FL.
What are key features of this property?
This property features: 1,440 SF flex space at Tropic Park Business Center; Air‑conditioned office area alongside open warehouse space; Grade‑level bay door and 2 restrooms
