2882 Sanford Ave, Sanford, FL 32773
Rehabbed commercial property, currently leased, with redevelopment potential.
- Added:
- Dec 9, 2024
- Days on Market:
- 567
- Last Refresh:
- Mar 19 at 8:56 pm
Property Features for 2882 Sanford Ave
General Information
- Standard status
- Active
- Size
- 882 SF
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 1980
Listing office Anderson Commercial Advisors (407) 383-9292
Listing date Dec 9, 2024
Source Crexi
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 Anderson Commercial Advisors
HighLights
- Ideal for office use: Suited for attorney, title company, real estate company, or mortgage company.
- Currently leased at $1,700/month.
- Property totally rehabbed.
- Many possibilities with rezoning.
- Requires rezoning to office or desired use.
- Built in 1980.
Overview
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 | $21.2k | $24.00 |
| − Vacancy | −$3.6k | −$4.08 |
| EGI | $17.6k | $19.92 |
| − OpEx | −$4.4k | −$4.98 |
| NOI | $13.2k | $14.94 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- CFLNET, INC. — 827 Rosalia Dr, Sanford, FL 32771
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Seminole
- State
- Florida
- Longitude
- -81.2650052
- Latitude
- 28.7747557
