Sanford Industrial Property with Fenced
For Sale
$550,000
414 W 9TH St, Sanford, FL 32771
2,695 sq ft industrial property with fenced outdoor storage.
Property Size1,740 SF
Lot Size0.43 Acres
Price / SF$204.08
Days on Market152
Property Features for 414 W 9TH St
General Information
Standard status
Active
Size
1,740 SF
Lot size
0.43 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,695
Building Details
Building Size
1,740 SF
Year Built
1956
Stories
1
Listing Agency:
Sloane Realty, LLC
(407) 758-3166
Listed By:
Matt White · License #3106449
(407) 758-3166
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 12:57PM
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 Sloane Realty, LLC
Investment Insights
Based on property information with market context.
This 2,695 sq ft industrial property is located in Sanford, Florida, spanning two parcels totaling 0.43 acres. The property is fully fenced and secured. The interior layout includes four executive offices, one conference room, and a spacious open workspace area measuring 42 feet by 14 feet. Additionally, there is a warehouse/storage area of approximately 1,000 sq ft, directly accessible through the office space. The site provides ample fenced outdoor storage and truck and fleet circulation areas. Convenient access to major highways is available. Utilities are in place, making the property suitable for distribution, equipment storage, or service-based operations. The current zoning is GC-2, which permits retail, service-oriented businesses, and light commercial/industrial uses. Outdoor storage, fueling, or hazardous materials may be subject to conditional approval by the City. The generator is approximately 5 years old, and the roof was replaced in September 2014.
Key Highlights
- 2,695 sq ft Industrial property on 0.43 acres, fully fenced and secure.
- Zoned GC‑2, permitting retail, service‑oriented businesses, and light commercial/industrial uses.
- Warehouse/storage area (approx 1,000 sq ft) accessible directly through the office.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,263
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$805,260
$805.3K
Cap Rate 7%
$575,186
$575.2K
Cap Rate 9%
$447,367
$447.4K
Market Conditions
NOI Build-Up for 2,695 SF
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.
Gross rent
$64.7K $24.00/SF
− Vacancy
−$11.0K −$4.08/SF
EGI
$53.7K $19.92/SF
− OpEx
−$13.4K −$4.98/SF
NOI
$40.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$805,260
Cap Rate 7%
$575,186
Cap Rate 9%
$447,367
Alternative Uses
Best Use
Office B
$575.2K
$503.3K – $671.1K
NOI $40,263 @ 7.0% cap · market cap 7.32%
Second Best
Warehouse
$261.2K
$228.5K – $304.7K
NOI $18,281 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$766.9K
$671.1K – $894.7K
NOI $53,684 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Orlando Catering — 1305 S Park Ave, Sanford, FL 32771
- Fonda's Tasty Treats — 912 e 11th st, sanford, fl 32771
- Just Being Chef T, Personal Chef Services — 802 w 20th st, sanford, fl 32771
- South Paw Soul Food — 12th and, Pecan Ave, Sanford, FL 32771
Frequently Asked Questions
What type of property is this?
Flex space - 2,695 sq ft industrial property with fenced outdoor storage.
Where is this flex space located?
The property is located at 414 W 9TH St Sanford, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,695 sq ft Industrial property on 0.43 acres, fully fenced and secure.; Zoned GC‑2, permitting retail, service‑oriented businesses, and light commercial/industrial uses.; Warehouse/storage area (approx 1,000 sq ft) accessible directly through the office.
