Retail Anchor in Historic
For Sale
Contact for pricing
212 First St, Sanford, FL 32771
For sale retail asset anchored on First Street in an actively redeveloping historic commercial district near Lake Monroe.
Property Size8,700 SF
Price / SF$431.03
Days on Market146
Property Features for 212 First St
General Information
Standard status
Active
Size
8,700 SF
Property subtype
Retail, Special Purpose, Business for Sale
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$297,462
Building Details
Buildings
1
Units
10
Tenancy
Multi
Listing Agency:
Lloyd Commercial Advisors
Listed By:
Scott Lloyd CCIM, RPA · License #BK3096896
Source:
Crexi
Added: Jun 1
Changed: Oct 18
Last Checked: Oct 23 at 4:01AM
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 Lloyd Commercial Advisors
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Investment Insights
Based on property information with market context.
This for-sale retail property anchors First Street within Sanford’s actively redeveloping historic commercial district. The setting benefits from sustained foot traffic and a mix of complementary independent operators.
The property’s placement also supports convenient access to the Lake Monroe waterfront, adding to the overall daytime and visitor draw of the area. The asset is offered for sale at $3,750,000.
The property’s placement also supports convenient access to the Lake Monroe waterfront, adding to the overall daytime and visitor draw of the area. The asset is offered for sale at $3,750,000.
Key Highlights
- Retail asset anchored on First Street in Sanford’s historic commercial district
- Located near the Lake Monroe waterfront
- Benefits from sustained foot traffic and complementary independent operators
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,841
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,416,820
$3.4M
Cap Rate 7%
$2,440,586
$2.4M
Cap Rate 9%
$1,898,233
$1.9M
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$252.6K $29.04/SF
− Vacancy
−$8.6K −$0.99/SF
EGI
$244.1K $28.05/SF
− OpEx
−$73.2K −$8.42/SF
NOI
$170.8K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,416,820
Cap Rate 7%
$2,440,586
Cap Rate 9%
$1,898,233
Alternative Uses
Best Use
Retail
$2.44M
$2.14M – $2.85M
NOI $170,841 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,304 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 32771, FL
57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail asset anchored on First Street in an actively redeveloping historic commercial district near Lake Monroe.
Where is this retail space located?
The property is located at 212 First St Sanford, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Retail asset anchored on First Street in Sanford’s historic commercial district; Located near the Lake Monroe waterfront; Benefits from sustained foot traffic and complementary independent operators
