Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1511 12Th St Sanford, FL 32771

    • Commercial real estate
    • 1,509 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0175267
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1511 12Th St

    Property size
    1,509 SF
    Property type
    Commercial real estate

    Description

    This exceptional Sanford, Florida duplex presents a compelling investment opportunity. Located at 1511 W 12th St, 32771, in Seminole County, this completely renovated property boasts 1,509 square feet and offers two units, each a 2-bedroom, 1-bathroom layout. Each unit currently commands a monthly rent of $1,500, generating a total monthly income of $3,000. The property's strong financial performance is reflected in its impressive 11.02% capitalization rate and a net operating income (NOI) of $32,500. The asking price is $295,000, translating to a price per unit of $147,500 and a price per square foot of $195.49. Significant upgrades enhance the property's value and appeal, including a new roof (installed in 2020), a new HVAC system, a newer hot water heater, and brand-new insulation. The complete renovation was finished in 2024, ensuring modern amenities and reduced maintenance costs for the investor. This turnkey investment property is ready for immediate income generation and offers a strong return on investment in a desirable location. The property consists of one building and is categorized as an apartment building.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2844124
    Latitude
    28.801374

    Comparable in this City

    • $950,000
      6,032 SF

      Historic Sanford Mixed-Use Opportunity

      Mixed-use property in Sanford's Downtown Community Redevelopment Area.
      209 N Oak Ave, Sanford, FL 32771
      View Details
    • $1,427,700
      6,112 SF

      Historic Sanford Multifamily Investment Opportunity

      Historic 9-unit apartment building in downtown Sanford, with income potential.
      318 S Palmetto Ave, Sanford, FL 32771
      View Details
    • $2,900,000
      1,000 SF

      Sanford, FL Mixed-Use Investment

      19-Acre Lakefront Property, Huge Potential
      4950 46A Rd, Sanford, FL 32771
      View Details
    • $369,900

      Sanford Duplex Investment Opportunity

      Detached duplex near downtown Sanford, ideal for rentals or Airbnb.
      322 S Maple Ave, Sanford, FL 32771
      View Details
    • $48,000

      Sanford Land: Prime Commercial Lot

      12,196 sq ft lot, ideal location.
      40 State Road 46, Sanford, FL 32771
      View Details
    • $70,000

      Sanford Residential Land - $70k

      One-third acre lot, ready to build.
      0 12345, Sanford, FL 32771
      View Details

    Similar Nearby for Sale

    • $950,000
      6,032 SF

      Historic Sanford Mixed-Use Opportunity

      Mixed-use property in Sanford's Downtown Community Redevelopment Area.
      209 N Oak Ave, Sanford, FL 32771
      View Details
    • $1,427,700
      6,112 SF

      Historic Sanford Multifamily Investment Opportunity

      Historic 9-unit apartment building in downtown Sanford, with income potential.
      318 S Palmetto Ave, Sanford, FL 32771
      View Details
    • $2,900,000
      1,000 SF

      Sanford, FL Mixed-Use Investment

      19-Acre Lakefront Property, Huge Potential
      4950 46A Rd, Sanford, FL 32771
      View Details
    • $369,900

      Sanford Duplex Investment Opportunity

      Detached duplex near downtown Sanford, ideal for rentals or Airbnb.
      322 S Maple Ave, Sanford, FL 32771
      View Details
    • $48,000

      Sanford Land: Prime Commercial Lot

      12,196 sq ft lot, ideal location.
      40 State Road 46, Sanford, FL 32771
      View Details
    • $70,000

      Sanford Residential Land - $70k

      One-third acre lot, ready to build.
      0 12345, Sanford, FL 32771
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      89,605 SF

      Codisco Warehouse: Two Suites Available

      Modern warehouse space, flexible layouts, ample parking.
      501 Codisco Way, Sanford, FL 32771
      View Details
    • $40 SF/Yr
      7,490 SF

      Savannah Park Medical Office Space

      Lake Mary medical office, 1,500-7,490 SF available
      4670 International Pkwy, Sanford, FL 32771
      View Details
    • $12 SF/Yr
      22,290 SF

      Sanford Flex/Warehouse Space

      Modern Flex & Warehouse Units Available
      329 Monroe Rd, Sanford, FL 32771
      View Details
    • $26 SF/Yr
      1,800 SF

      Retail Space Near High-Traffic Road

      Retail space with ample parking in high-income area.
      5600 W State Road 46, Sanford, FL 32771
      View Details
    • Contact for pricing
      5,200 SF

      Office Space on Rinehart Road

      Office space with visibility and ample parking near major routes.
      1381 Rinehart Rd, Sanford, FL 32771
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Seminole Mall

      Retail space available at Seminole Town Center entrance.
      110 Towne Center Blvd, Sanford, FL 32771
      View Details
    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.
    1511 12Th St
    Sanford, FL 32771
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.