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Multi-Suite Office Building
For Lease
$162,000 Modified Gross

500 W LAKE MARY BOULEVARD #301, Sanford, FL 32773

Flexible office suites with build-to-suit options, elevator access, parking, and modified-gross lease structure.

Space Size1,400 SF - 35,000 SF
Property Size90,008 SF
Days on Market197

Property Features for 500 W LAKE MARY BOULEVARD #301

General Information

Standard status Active
Size 1,400 SF - 35,000 SF
Net Rentable 1,400 SF
Elevators Yes
Zoning R-3
Lease Type Modified Gross
Lease Term Twelve Months

Space & Availability

Available Space 1,400-35,000 SF
Divisible Yes
Space Use Office
Condition Built-to-Suit

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $62,205

Building Details

Building Size 90,008 SF
Year Built 1987
Stories 1
Listing Agency: DOVER INTERNATIONAL CO., INC.
Listed By: Louis Joachim · License #3278476
Source: Mbifloridarealty
Added: Jan 27 Changed: Aug 12 Last Checked: Aug 12 at 4:18AM

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 DOVER INTERNATIONAL CO., INC.

Investment Insights

Based on property information with market context.

Office space is available within a three-story center building constructed in 1987, with elevator service for convenient access. The second floor includes approximately 25,000 square feet divided into smaller suites, while available spaces range from 1,400 to 35,000 square feet and can be built to suit. The property is professionally managed and offers parking for occupants and visitors.

Located on Lake Mary Boulevard in Sanford, the property provides frontage along the boulevard and is near banking institutions, Seminole State College, shopping, restaurants, and professional businesses. Potential applications identified for the space include office, corporate headquarters, school, medical office, day care, and CPA or law office use.

The lease structure is modified gross. Tenants pay electricity, interior cleaning, phone, and internet, while ownership covers water, sewer, trash, insurance, and taxes.

Key Highlights

  • Approximately 25,000 SF of second‑floor space divided into smaller suites
  • Available spaces range from 1,400 to 35,000 square feet
  • Build‑to‑suit options available for office users

Property Analytics

Current Use

Seminole County Environmental County Government Office Seminole County Sewer ... County Government Office Seminole County Cross ... County Government Office

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Skin Care Clinic Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

561
Businesses Nearby

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

Lease Benchmarks for Sanford, FL

$111 /SF/Yr
Avg Asking Price
$5.56–$611 /SF/Yr
Price Range
19,636 SF
Avg Space Size

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office suites with build-to-suit options, elevator access, parking, and modified-gross lease structure.
Where is this office units located?
The property is located at 500 W LAKE MARY BOULEVARD #301 Sanford, FL.
What is the lease rate?
The lease rate is $162,000.
What are key features of this property?
This property features: Approximately 25,000 SF of second‑floor space divided into smaller suites; Available spaces range from 1,400 to 35,000 square feet; Build‑to‑suit options available for office users
More about this property
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