Multi-Tenant Office/Warehouse
5508 BENCHMARK Lane Sanford, FL 32773
For Sale
$2,000,000
COMMERCIAL - SANFORD, FL
Property Size10,898 SF
Lot Size1.00 Acre
Price / SF$183.52
Days on Market46
Property Features for 5508 BENCHMARK Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M-1
- Standard status
- Active
- APN
- 22-20-30-510-0000-0230
- Size
- 10,898 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 23 MIDWAY COMMERCE CENTER 1ST ADD PB 37 PGS 59 & 60
- Tax Annual Amount
- 9264
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Building materials
- Block
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
(407) 737-9797
Listed By:
Mark Allen
(407) 737-9797
Added: Jun 11
Changed: Jul 20
Last Checked: Jul 26 at 10:06PM
MLS# O6416088
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant office/warehouse flex building is offered for sale with M-1 zoning. The property includes office/warehouse flexibility within a larger flex configuration and features ample parking for vehicles and drivers. The facility is served by 16 drive-in bays and sits on a fully fenced lot.
Located in an industrial area in Sanford, Florida, the property provides convenient access to N. Ronald Reagan Blvd, Hwy 17, and State Road 419.
The site consists of one acre and offers a warehouse-oriented layout designed for frequent inbound and outbound vehicle activity.
Located in an industrial area in Sanford, Florida, the property provides convenient access to N. Ronald Reagan Blvd, Hwy 17, and State Road 419.
The site consists of one acre and offers a warehouse-oriented layout designed for frequent inbound and outbound vehicle activity.
Key Highlights
- M1 zoned multi‑tenant office/warehouse flex building on a 1.00‑acre, fully fenced lot
- Over 10,898 SF block construction with central air and a 1988 year built
- 16 drive‑in bays for office/warehouse and flex tenant use
Financial Insights For Warehouse
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 | $95.5k | $8.76 |
| − Vacancy | −$8.5k | −$0.78 |
| EGI | $87.0k | $7.98 |
| − OpEx | −$13.0k | −$1.20 |
| NOI | $73.9k | $6.78 |
10,898 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.06M
$924.1K – $1.23M
NOI $73,924 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$869.7K
$761.0K – $1.01M
NOI $60,879 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $217,088 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ujlhmuy528 bros.
Professional Organizer
Henry's Frame Repair ...
Auto Repair Shop
RAW Rhodes Auto ...
Auto Repair Shop
Samuel's Auto Body
Auto Repair Shop
Blinde's Bedliners
Auto Parts Store
FAQs
What type of property is this?
Flex space - M-1 zoned flex building with office space, ample parking, and 16 drive-in bays on a fully fenced lot.
Where is this flex space located?
The property is located at 5508 BENCHMARK Lane Sanford, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: M1 zoned multi‑tenant office/warehouse flex building on a 1.00‑acre, fully fenced lot; Over 10,898 SF block construction with central air and a 1988 year built; 16 drive‑in bays for office/warehouse and flex tenant use
