Renovated Office Building on Double
3316 W 5TH STREET Sanford, FL 32771
3316 W 5TH STREET, Sanford, FL, 32771
$425,000
For Sale
$425,000
Double-lot office building renovation offers flexible layout for professional and medical use with convenient highway access.
Property Size1,360 SF
Price / SF$312.50
Days on Market37
Property Features for 3316 W 5TH STREET
General Information
- Standard status
- Active
- Size
- 1,360 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency
LPT REALTY, LLC
(877) 366-2213
Listed by
MARTINA PARADYSZ · License #3567402
Source
Corcoran
Added: Jun 11 Checked: Jul 16 at 10:02 am
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
Investment Insights
Based on property information with market context.
This property includes a double commercial lot with a completely renovated structure that is currently in progress. The existing improvements position the space as a flexible base for a variety of professional uses, including conversion into a professional office building, medical suite, or law office. The renovation status allows a buyer to tailor the buildout to their specific operating needs and timeline, while preserving the benefit of extensive work already underway.
Located at 3316 W 5th Street in Sanford, Florida, the property offers immediate access to SR 46 and quick connectivity to Interstate 4. It is described as minutes from the Historic Downtown Sanford corridor, supporting access to established retail, dining, and professional services in the surrounding area.
For end-users, this is a practical option when you want an office or medical environment that can be shaped for your business. For developers and investors, the combination of a double lot and an active renovation supports use cases that benefit from adaptable commercial space. Prospective purchasers and tenants should verify final configuration, permitting, and the scope remaining for completion based on their intended use.
Located at 3316 W 5th Street in Sanford, Florida, the property offers immediate access to SR 46 and quick connectivity to Interstate 4. It is described as minutes from the Historic Downtown Sanford corridor, supporting access to established retail, dining, and professional services in the surrounding area.
For end-users, this is a practical option when you want an office or medical environment that can be shaped for your business. For developers and investors, the combination of a double lot and an active renovation supports use cases that benefit from adaptable commercial space. Prospective purchasers and tenants should verify final configuration, permitting, and the scope remaining for completion based on their intended use.
Key Highlights
- Double commercial lot at 3316 W 5th Street, Sanford, FL
- Renovated structure (renovation currently in progress) on a 1959‑built building
- Flexible layout that can be converted for professional office, medical suite, or law office use
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 | $32.6k | $24.00 |
| − Vacancy | −$5.5k | −$4.08 |
| EGI | $27.1k | $19.92 |
| − OpEx | −$6.8k | −$4.98 |
| NOI | $20.3k | $14.94 |
1,360 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$290.3K
$254.0K – $338.6K
NOI $20,318 @ 7.0% cap · market cap 4.78%
Second Best
Healthcare Medical
$277.0K
$242.4K – $323.1K
NOI $19,388 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$387.0K
$338.6K – $451.5K
NOI $27,091 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Double-lot office building renovation offers flexible layout for professional and medical use with convenient highway access.
Where is this office building located?
The property is located at 3316 W 5TH STREET Sanford, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Double commercial lot at 3316 W 5th Street, Sanford, FL; Renovated structure (renovation currently in progress) on a 1959‑built building; Flexible layout that can be converted for professional office, medical suite, or law office use
