Industrial Compound with Yard
For Sale
$3,900,000
601 W 27th Street, Sanford, FL 32773
Multi-building industrial compound totaling about 29,028 SF on a 2.26-acre site with substantial yard and concrete construction.
Property Size29,028 SF
Lot Size2.26 Acres
Price / SF$134.35
Days on Market84
Property Features for 601 W 27th Street
General Information
Standard status
Active
Size
29,028 SF
Lot size
2.26 Acres
Property subtype
Industrial
Zoning
GC2
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
APEX Capital Realty LLC
Listed By:
Miguel Angel Pinto · License #3313310
(305) 570-2600
Source:
Lehmannflorida
Added: Jun 15
Changed: Sep 6
Last Checked: Sep 6 at 7:04AM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
Industrial compound opportunity at 601 W 27th Street featuring approximately 29,028 SF across seven concrete buildings. The property is currently fully occupied by multiple tenants, supporting immediate in-place income. Building layouts and ceiling heights vary from structure to structure to accommodate different operational requirements.
The site includes a spacious yard area intended for outdoor storage and related uses, along with ample outdoor space that can support contractors, logistics operations, equipment storage, fleet parking, and outdoor storage. The property is zoned GC2 and is positioned to support a range of commercial and industrial uses.
With multiple buildings on an oversized land component, the property offers flexible configurations for occupancy across the compound and outdoor working areas. The durable concrete construction is designed for long-term functionality in an industrial setting.
The site includes a spacious yard area intended for outdoor storage and related uses, along with ample outdoor space that can support contractors, logistics operations, equipment storage, fleet parking, and outdoor storage. The property is zoned GC2 and is positioned to support a range of commercial and industrial uses.
With multiple buildings on an oversized land component, the property offers flexible configurations for occupancy across the compound and outdoor working areas. The durable concrete construction is designed for long-term functionality in an industrial setting.
Key Highlights
- Multi‑building industrial compound at 601 W 27th St totaling about 29,028 SF across seven concrete buildings
- Situated on a 2.26‑acre site with an expansive yard for contractors, logistics, equipment storage, fleet parking, and outdoor storage
- Property is currently fully occupied by multiple tenants, providing immediate in‑place income
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
$162,158
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
4.16%
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%
$3,243,160
$3.2M
Cap Rate 7%
$2,316,543
$2.3M
Cap Rate 9%
$1,801,756
$1.8M
Market Conditions
NOI Build-Up for 29,028 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
$254.3K $8.76/SF
− Vacancy
−$22.6K −$0.78/SF
EGI
$231.7K $7.98/SF
− OpEx
−$69.5K −$2.39/SF
NOI
$162.2K $5.59/SF
Area
Seminole County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
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%
$3,243,160
Cap Rate 7%
$2,316,543
Cap Rate 9%
$1,801,756
Alternative Uses
Best Use
Industrial
$2.32M
$2.03M – $2.70M
NOI $162,158 @ 7.0% cap · market cap 4.16%
Second Best
Flex RnD
$2.15M
$1.88M – $2.51M
NOI $150,575 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$8.26M
$7.23M – $9.64M
NOI $578,238 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Balanced
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-building industrial compound totaling about 29,028 SF on a 2.26-acre site with substantial yard and concrete construction.
Where is this flex space located?
The property is located at 601 W 27th Street Sanford, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Multi‑building industrial compound at 601 W 27th St totaling about 29,028 SF across seven concrete buildings; Situated on a 2.26‑acre site with an expansive yard for contractors, logistics, equipment storage, fleet parking, and outdoor storage; Property is currently fully occupied by multiple tenants, providing immediate in‑place income
