Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sanford Acreage with Development Potential Title is generated by Realmo AI

    1545 PALM WAY, Sanford, FL 32773

    View on Map
    Claim this Listing
    For Sale
    $899,000

    Nearly 10-acre parcel zoned A-1, ideal for development or investment.

    Type:Land or Vacant Lot
    Lot size:
    9.32 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    143
    Last Refresh:
    May 11 at 1:45 am

    Property Features for 1545 PALM WAY

    General Information

    Standard status
    Active
    Lot size
    9.32 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    CHRIS CREEGAN
    CHRIS CREEGAN

    Listing agent CHRIS CREEGAN License #3168853

    Listing office CREEGAN GROUP

    Listing date Jan 14, 2026

    Source Corcoran

    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 CREEGAN GROUP

    HighLights

    • Nearly 10‑acre, fully fenced parcel zoned A‑1 with no HOA, allowing for agricultural use, horses, livestock, and potential subdivision.
    • Cleared and build‑ready front portion with utilities already in place, enabling immediate construction of a custom estate or other improvements.
    • Ability to live on‑site in the existing stilt home while building, offering convenience and flexibility.
    • Existing elevated stilt home with 2 bedrooms, 1 bathroom, and additional space for a third bedroom or flexible area.
    • Structure below the stilt home, previously used as a barn, provides additional functionality for storage, livestock, equestrian use, or a workshop.
    • Conveniently located minutes from Sanford Airport, SR‑417, shopping, and dining, offering both privacy and easy access to amenities.

    Overview

    Located at the end of a quiet street in Sanford, this nearly 10-acre, fully fenced parcel offers the opportunity to own expansive, usable land without HOA restrictions. Zoned A-1, the property supports agricultural use, horses, livestock, and a private farmstead. It may also be subdivided, making it suitable for future development, multi-generational living, or long-term investment. The front portion of the property is cleared and build-ready. Utilities are in place. The property allows on-site living during construction. The existing elevated stilt home includes 2 bedrooms and 1 bathroom, with an additional area that can be enclosed for a third bedroom or flexible space. The structure below was previously used as a barn and adds functionality for storage, livestock, equestrian use, or a workshop. Recent updates include a 2022 roof, 2018 A/C, 2021 plumbing, and an updated electrical panel. The property is minutes from Sanford Airport, SR-417, shopping, dining, and everyday conveniences. This Sanford property provides the space, infrastructure, and flexibility to build a custom estate, create an equestrian compound, develop the land, or secure a versatile investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Pharmacy Department Store Food Market Accounting Firm Garden Center Electrical Service Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2482
    Latitude
    28.7456

    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
    • $740,000

      Prime Commercial Parcel in Sanford

      1.38-acre commercial parcel with redevelopment potential in Sanford, Florida.
      1720 W 1ST STREET, SANFORD, FL 32771
      View Details
    • $350,000
      1,350 SF

      Renovated Sanford Duplex with Suite

      Renovated duplex near downtown Sanford with mother-in-law suite.
      2820 MAGNOLIA AVENUE, SANFORD, FL 32773
      View Details
    • $270,000
      1,471 SF

      Functional Property with Outdoor Storage

      Versatile property with building space and valuable outdoor storage.
      1819 W 2ND STREET, 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
    • $269,000
      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

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Nearly 10-acre parcel zoned A-1, ideal for development or investment.
    Where is this agricultural land / farmland located?
    The property is located at 1545 PALM WAY Sanford, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Nearly 10‑acre, fully fenced parcel zoned A‑1 with no HOA, allowing for agricultural use, horses, livestock, and potential subdivision.; Cleared and build‑ready front portion with utilities already in place, enabling immediate construction of a custom estate or other improvements.; Ability to live on‑site in the existing stilt home while building, offering convenience and flexibility.
    (407) 622-1111
    We can help!
    Listing Contact
    CHRIS CREEGAN
    CHRIS CREEGAN
    Real Estate License ID: 3168853
    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
    1545 PALM WAY, 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!