Freestanding Retail Redevelopment
2885 S Orlando Dr Sanford, FL 32773
For Sale
Contact for pricing
Oversized parcel with a freestanding 6,720 SF retail building and C-2 zoning along US Hwy 17-92.
Property Size6,720 SF
Lot Size2.11 Acres
Price / SF$291.67
Days on Market187
Property Features for 2885 S Orlando Dr
General Information
Standard status
Active
Size
6,720 SF
Lot size
2.11 Acres
Property subtype
RETAIL
Listing Agency:
SVN Commercial Advisory Group
(941) 356-4781
Listed By:
Lance Cobb · License #SL3483253
(941) 356-4781
Source:
Moodyscre
Added: Jan 23
Changed: Jul 29
Last Checked: Jul 29 at 2:07AM
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 SVN Commercial Advisory Group
Investment Insights
Based on property information with market context.
This property includes a vacant delivery at closing, along with an oversized 2.11± acre parcel featuring an existing 6,720 SF freestanding retail building. The offering is suited for buyers looking to redevelop, re-tenant, or occupy the space themselves, with the existing structure providing a starting point.
The site is positioned for strong exposure along US Hwy 17-92, with an estimated ±26,500 AADT. Zoning is listed as C-2, allowing for a wide range of commercial uses, and buyers are advised to verify specific permitted uses.
The site is positioned for strong exposure along US Hwy 17-92, with an estimated ±26,500 AADT. Zoning is listed as C-2, allowing for a wide range of commercial uses, and buyers are advised to verify specific permitted uses.
Key Highlights
- 2.11± acre parcel with an existing 6,720 SF freestanding retail building
- Vacant delivery at closing for redevelopment, re‑tenanting, or owner‑user occupancy
- C‑2 zoning for a wide range of commercial uses (buyer to verify)
Financial Insights For Retail
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 | $195.1k | $29.04 |
| − Vacancy | −$6.6k | −$0.99 |
| EGI | $188.5k | $28.05 |
| − OpEx | −$56.6k | −$8.42 |
| NOI | $132.0k | $19.64 |
6,720 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.20M
NOI $131,960 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,862 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Oversized parcel with a freestanding 6,720 SF retail building and C-2 zoning along US Hwy 17-92.
Where is this retail space located?
The property is located at 2885 S Orlando Dr Sanford, FL.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: 2.11± acre parcel with an existing 6,720 SF freestanding retail building; Vacant delivery at closing for redevelopment, re‑tenanting, or owner‑user occupancy; C‑2 zoning for a wide range of commercial uses (buyer to verify)
