Flex Space with Electric Roll-Up
For Sale
Contact for pricing
4366 County Road 427, Sanford, FL 32773
Office/showroom space plus electric roll-up warehouse section with strong visibility on Ronald Reagan Blvd (24,500 AADT).
Property Size6,282 SF
Lot Size0.54 Acres
Price / SF$158.39
Days on Market846
Property Features for 4366 County Road 427
General Information
Standard status
Active
Size
6,282 SF
Lot size
0.54 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
2,800 SF
Office Build-Out
3,482 SF
Building Details
Buildings
1
Building Size
6,282 SF
Listing Agency:
NAI Realvest | Orlando
(407) 949-0709
Listed By:
Jeffrey Bloom
Source:
Moodyscre
Added: Apr 19, 2024
Changed: Jul 30
Last Checked: Aug 11 at 7:08AM
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 NAI Realvest | Orlando
Investment Insights
Based on property information with market context.
Flex space building totaling 6,282± SF on a 0.54± acre site, featuring a 2,800± SF warehouse area with an electric roll-up door and 3,482± SF of office/showroom space.
The property has visibility and signage on Ronald Reagan Blvd, with traffic counts of 24,500 AADT, and it offers ample parking with a fenced side yard. Access is described as easy, and the site is located only 1/2 mile from the US Hwy 17-92 / Ronald Reagan Blvd interchange.
The facility is positioned for tenants or buyers seeking a combined warehouse and office/showroom layout, with strong roadway visibility and convenient interchange access, and it is available for lease or purchase.
The property has visibility and signage on Ronald Reagan Blvd, with traffic counts of 24,500 AADT, and it offers ample parking with a fenced side yard. Access is described as easy, and the site is located only 1/2 mile from the US Hwy 17-92 / Ronald Reagan Blvd interchange.
The facility is positioned for tenants or buyers seeking a combined warehouse and office/showroom layout, with strong roadway visibility and convenient interchange access, and it is available for lease or purchase.
Key Highlights
- 6,282± SF flex space building on 0.54± acre site
- 2,800± SF warehouse with electric roll‑up door
- 3,482± SF office/showroom space
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
$42,613
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
4.28%
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%
$852,260
$852.3K
Cap Rate 7%
$608,757
$608.8K
Cap Rate 9%
$473,478
$473.5K
Market Conditions
NOI Build-Up for 6,282 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
$55.0K $8.76/SF
− Vacancy
−$4.9K −$0.78/SF
EGI
$50.1K $7.98/SF
− OpEx
−$7.5K −$1.20/SF
NOI
$42.6K $6.78/SF
Area
Seminole County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
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%
$852,260
Cap Rate 7%
$608,757
Cap Rate 9%
$473,478
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,853 @ 7.0% cap · market cap 9.43%
Second Best
Warehouse
$608.8K
$532.7K – $710.2K
NOI $42,613 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,137 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Office/showroom space plus electric roll-up warehouse section with strong visibility on Ronald Reagan Blvd (24,500 AADT).
Where is this flex space located?
The property is located at 4366 County Road 427 Sanford, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,282± SF flex space building on 0.54± acre site; 2,800± SF warehouse with electric roll‑up door; 3,482± SF office/showroom space
