Office Building Under
For Sale
$410,000
3316 W 5TH, Sanford, FL 32771
Existing commercial structure offers a customizable setting for office, medical, or legal use.
Property Size1,360 SF
Days on Market52
Property Features for 3316 W 5TH
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$471
Building Details
Building Size
1,360 SF
Year Built
1959
Listing Agency:
LPT Realty, LLC.
Listed By:
Martina Paradysz · License #3567402
(386) 801-8858
Source:
Elliman
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 4 at 12:44PM
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 LPT Realty, LLC.
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Investment Insights
Based on property information with market context.
This office property includes an existing commercial structure on a double commercial lot, with renovation work currently in progress. The building dates to 1959 and is positioned for completion as a professional office, medical suite, law office, or another commercial configuration supported by the property’s adaptable layout. The unfinished renovation allows the next owner to shape the interior around its intended use.
Located at 3316 W 5TH in Sanford, the property provides immediate access to SR 46 and connectivity to Interstate 4. Historic Downtown Sanford is a short distance away, with retail, dining, and professional services in the surrounding area. Walk Score is 22, Bike Score is 31, and Transit Score is 33.
Located at 3316 W 5TH in Sanford, the property provides immediate access to SR 46 and connectivity to Interstate 4. Historic Downtown Sanford is a short distance away, with retail, dining, and professional services in the surrounding area. Walk Score is 22, Bike Score is 31, and Transit Score is 33.
Key Highlights
- Double commercial lot with existing structure
- Renovation work currently in progress
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,318
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,360
$406.4K
Cap Rate 7%
$290,257
$290.3K
Cap Rate 9%
$225,756
$225.8K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$32.6K $24.00/SF
− Vacancy
−$5.5K −$4.08/SF
EGI
$27.1K $19.92/SF
− OpEx
−$6.8K −$4.98/SF
NOI
$20.3K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,360
Cap Rate 7%
$290,257
Cap Rate 9%
$225,756
Alternative Uses
Best Use
Office B
$290.3K
$254.0K – $338.6K
NOI $20,318 @ 7.0% cap · market cap 4.96%
Second Best
Healthcare Medical
$277.0K
$242.4K – $323.1K
NOI $19,388 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$387.0K
$338.6K – $451.5K
NOI $27,091 @ 7.0% cap · market cap 6.61%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
511
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Existing commercial structure offers a customizable setting for office, medical, or legal use.
Where is this office building located?
The property is located at 3316 W 5TH Sanford, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Double commercial lot with existing structure; Renovation work currently in progress; Built in 1959
