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 Market131
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: Oct 21
Last Checked: Oct 20 at 10:03PM
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
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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 / Yr
$162,158
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- Angel's Catering & Events — Sanford, FL 32773
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
