Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Sanford Avenue Title is generated by Realmo AI

    502 SANFORD AVENUE, Sanford, FL 32771

    View on Map
    Claim this Listing
    For Lease
    $26,400 SF/Yr $1,716,000/Mo (calc)

    Retail space available for rent in Sanford, Florida.

    Property size:
    780 SF
    Added:
    Oct 29, 2025
    Days on Market:
    217
    Last Refresh:
    Apr 12 at 1:42 am

    Property Features for 502 SANFORD AVENUE

    General Information

    Standard status
    Active
    Size
    780 SF

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Tracy Conley

    Listing agent Tracy Conley License #3061808

    Listing office Charles Rutenberg Realty Orlando LLC

    Listing date Oct 29, 2025

    Source Evrealestate

    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 Charles Rutenberg Realty Orlando LLC

    HighLights

    • Located in Sanford Historic District
    • Built in 1925
    • Central Air Conditioning
    • Located in Seminole County
    • Easy access from I‑4 (Exit 101D)
    • Directions provided for easy navigation

    Overview

    This retail space, encompassing 780 square feet, is available for rent. The property is located on Sanford Avenue in Sanford, Florida. To reach the property from I-4, take exit 101D (46) to the Sanford Historic District, proceed 1.5 miles west on 46, turn right onto N French Avenue, left onto W Third Street, and right onto Sanford Avenue. The property is located in Seminole County.
    Location Intelligence

    Current Use by Public Records

    Claire's Hat Boutique Hat Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2651309
    Latitude
    28.8079465

    Nearby Similar for Lease

    • $25 SF/Yr
      800 SF

      Sanford Retail/Office/Medical Space For Lease

      Prime commercial space suitable for retail, office, or medical use.
      2422 S FRENCH AVENUE, SANFORD, FL 32771
      View Details
    • $650/Mo
      117 SF

      Private Office in Sanford

      Professional office space with shared amenities in a convenient location.
      4031 W STATE ROAD 46, SANFORD, FL 32771
      View Details
    • $18 SF/Yr
      90,008 SF

      Sanford Mixed-Use Space For Lease

      Multiple units available in centrally located Sanford mixed-use property.
      500 W LAKE MARY BOULEVARD, SANFORD, FL 32773
      View Details
    • $18 SF/Yr
      90,008 SF

      Sanford Mixed-Use Space For Lease

      Multiple units available in a centrally located, professionally managed building.
      500 W LAKE MARY BOULEVARD, SANFORD, FL 32773
      View Details
    • $7,495/Mo
      5,124 SF

      Sanford Commercial Building For Rent

      5124 sq ft commercial building with high-traffic frontage.
      500 E AIRPORT BOULEVARD, SANFORD, FL 32773
      View Details
    • $18 SF/Yr
      90,008 SF

      Sanford Mixed-Use Space For Rent

      Multiple units available in a centrally located, professionally managed building.
      500 W LAKE MARY BOULEVARD, SANFORD, FL 32773
      View Details
    • $5,400/Mo
      2,900 SF

      Renovated Flex Space in Sanford

      Newly renovated office and warehouse flex spaces for rent.
      1574 TROPIC PARK Dr, Sanford, FL 32773
      View Details
    • $42,000 SF/Yr
      2,587 SF

      Remodeled Office Space in Sanford

      2,587 SF remodeled office space in thriving Sanford district.
      105 BELLAGIO Cir, Sanford, FL 32771
      View Details
    • $90,000 SF/Yr
      5,526 SF

      Sanford Flex Space For Rent

      Affordable, renovated flex space with office and warehouse components.
      260 POWER Ct 100-150, Sanford, FL 32771
      View Details
    • $2,495/Mo
      2,641 SF

      Sanford Commercial Office Building For Rent

      Versatile commercial office building with reception area and large offices.
      502 E AIRPORT BOULEVARD, SANFORD, FL 32773
      View Details
    • $45,000 SF/Yr
      5,525 SF

      Sanford Flex Space Available

      Functional flex space with office and warehouse in Sanford's I-4.
      260 Power Ct, Sanford, FL
      View Details
    • $17 SF/Yr
      2,654 SF

      Free-Standing Office Building Near Airport

      2,654 SF office building with ample parking near airport.
      1701 East Airport Blvd, Sanford, FL 32773
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for rent in Sanford, Florida.
    Where is this retail space located?
    The property is located at 502 SANFORD AVENUE Sanford, FL.
    What is the lease rate?
    The lease rate is $26,400.
    What are key features of this property?
    This property features: Located in Sanford Historic District; Built in 1925; Central Air Conditioning
    (310) 804-3203
    We can help!
    Listing Contact
    Tracy Conley
    Real Estate License ID: 3061808
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    502 SANFORD AVENUE, SANFORD, FL 32771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!