2921 S ORLANDO DRIVE #146, Sanford, FL 32773

Building Details

Year Built 1965 More

Listing Agency: EXCLUSIVE REAL ESTATE Show Phone

Listed By: ROBERT KILCOURSE Show Phone

Source: Corcoran

Added: Jan 8 Changed: Aug 22 Last Checked: Aug 25 at 5:03AM

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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 EXCLUSIVE REAL ESTATE

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Investment Insights

Based on property information with market context.

This 2,000-square-foot retail storefront is located in a busy strip mall shopping center at the intersection of 17-92 and the 417 overpass. The property benefits from high visibility and foot traffic. The interior is a custom-built dental office featuring five operatories with four digital X-ray units and a digital panoramic system, along with all supporting instruments. The current dentist owner has retired, presenting a great opportunity for dentists. The condominium has extremely low condo fees of only $150 per month. The location offers excellent accessibility and a thriving community with diverse neighboring businesses. An extra-large parking area with green space is located directly in front of the unit, with an additional parking area at the rear entrance.

Key Highlights

• Prime retail storefront location at the intersection of 17‑92 and the 417 overpass in a busy strip mall shopping center.
• Custom‑built five operatory dental office with 4 digital X‑ray units and digital pan.
• Extremely low condo fees of only $150/month.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,274

Cap Rate

6.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$785,480 $785.5K

Cap Rate 7%

$561,057 $561.1K

Cap Rate 9%

$436,378 $436.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$58.1K $29.04/SF

− Vacancy

−$2.0K −$0.99/SF

EGI

$56.1K $28.05/SF

− OpEx

−$16.8K −$8.42/SF

NOI

$39.3K $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%

$785,480

Cap Rate 7%

$561,057

Cap Rate 9%

$436,378

Alternative Uses

Best Use

Retail

$561.1K

$490.9K – $654.6K (±1% cap)

NOI $39,274 @ 7.0% cap · market cap 6.04%

Second Best

Office B

$426.9K

$373.5K – $498.0K (±1% cap)

NOI $29,880 @ 7.0% cap · market cap 4.60%

Theoretical Best

Office A

$569.1K

$498.0K – $664.0K (±1% cap)

NOI $39,840 @ 7.0% cap · market cap 6.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Rincon Latino (Bike/Boat/Book/etc) Store Dr. Ronald M. ... Dental Office Pathways to Home Social Service Agency Prodigy Academy Advance ... Training Center Tax Shoppe Tax Preparation

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Gym & Fitness Center Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

427

Businesses Nearby

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Retail storefront dental office in a busy shopping center.

Where is this strip mall located?

The property is located at 2921 S ORLANDO DRIVE #146 Sanford, FL.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Prime retail storefront location at the intersection of 17‑92 and the 417 overpass in a busy strip mall shopping center.; Custom‑built five operatory dental office with 4 digital X‑ray units and digital pan.; Extremely low condo fees of only $150/month.