Two-Story Mixed-Use
315 MAGNOLIA Avenue, Sanford, FL 32771
For Sale
New
$598,800
Commercial Sale, SANFORD, FL
Property Size2,112 SF
Lot Size0.12 Acres
Price / SF$283.52
Days on Market2
Property Features for 315 MAGNOLIA Avenue
General Information
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Additional Details
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Taxes and HOA fees
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Buildings
Listing Agency:
STIRLING INTERNATIONAL REAL ES
(407) 250-1000
Listed By:
Roger Soderstrom, Jr
(407) 617-2830
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 7:06PM
MLS# O6456613
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 315 Magnolia Avenue, this two-story mixed-use building contains 2,112 square feet and dates to 1938. The 0.12-acre property has four bedrooms and two bathrooms, with frame construction, tile flooring, a metal roof, central heating and central air. Dishwasher and microwave are included, and the property is served by public water and public sewer.
The building is in Historic Downtown Sanford, one block from restaurants, shops and entertainment along First Street. SC3 zoning allows a range of commercial and residential uses. The property has undergone renovations over multiple years, with work combining its original architectural character and modern improvements.
The building is in Historic Downtown Sanford, one block from restaurants, shops and entertainment along First Street. SC3 zoning allows a range of commercial and residential uses. The property has undergone renovations over multiple years, with work combining its original architectural character and modern improvements.
Key Highlights
- 2,112‑square‑foot building on a 0.12‑acre lot
- Two‑story building with four bedrooms and two bathrooms
- SC3 zoning permits commercial and residential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,709
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,180
$694.2K
Cap Rate 7%
$495,843
$495.8K
Cap Rate 9%
$385,656
$385.7K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$55.8K $26.40/SF
− Vacancy
−$9.5K −$4.49/SF
EGI
$46.3K $21.91/SF
− OpEx
−$11.6K −$5.48/SF
NOI
$34.7K $16.43/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,180
Cap Rate 7%
$495,843
Cap Rate 9%
$385,656
Alternative Uses
Best Use
Office B
$495.8K
$433.9K – $578.5K
NOI $34,709 @ 7.0% cap · market cap 5.80%
Second Best
Mixed Use
$420.9K
$368.3K – $491.0K
NOI $29,462 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$633.5K
$554.3K – $739.1K
NOI $44,344 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
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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
$332,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Seminole County, FL
Properties on Market for Mixed-use properties in Seminole County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - SC3 zoning supports commercial and residential use in this restored downtown property.
Where is this mixed-use property located?
The property is located at 315 MAGNOLIA Avenue Sanford, FL.
What is the asking price?
The asking price for this property is $598,800.
What are key features of this property?
This property features: 2,112‑square‑foot building on a 0.12‑acre lot; Two‑story building with four bedrooms and two bathrooms; SC3 zoning permits commercial and residential uses
