Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500-540 W Lake Mary Blvd Sanford, FL 32773

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile office space in a professionally managed complex.

    Property Features for 500-540 W Lake Mary Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Louis-Frantz Joachim
    Source: Crexi

    Listing Agency: Dover International Company Inc Listing Agent: Louis-Frantz Joachim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Reflections Complex Office Space

    This versatile office space is located within the Reflections complex. The property is suitable for office, corporate headquarters, vocational or institutional schools, restaurants, retail, medical offices, or CPA/law firms. The building is professionally managed, ensuring a well-maintained environment for tenants and clients. Ample parking spaces are available.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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.

    Similar Places Nearby

    FEDEX EPOST, In & out wireless: Electronic/Phone Repairs | iPhone/Android | Tablets | Consoles | Electric Scooters, Walmart Home Theater Installation

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2944346
    Latitude
    28.7577635

    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 Ave, Sanford, FL 32771
      View Details
    • New
      $2,200 /Mo
      780 SF

      Downtown Sanford Retail Space Available

      780 SF retail space in the heart of Sanford.
      502 Sanford Ave, Sanford, FL 32771
      View Details
    • $18 SF/Yr
      90,008 SF

      Versatile Mixed-Use Space in Sanford

      Professionally managed mixed-use space suitable for various business types.
      500 W Lake Mary Blvd, Sanford, FL 32773
      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 a centrally located, professionally managed building.
      500 W Lake Mary Blvd, Sanford, FL 32773
      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 Blvd, 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 Blvd, 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 Blvd, Sanford, FL 32773
      View Details
    • $20 SF/Yr
      2,000 SF

      SANFORD, FL Office Space

      2,000 SF professional office space for lease in SANFORD, FL.
      690 Lake Forest Blvd, 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 Blvd, Sanford, FL 32773
      View Details
    • $42,214

      Sanford Warehouse with Finished Offices

      Well-maintained warehouse with offices, ideal for storage or light industry.
      2789 S Financial Ct, Sanford, FL 32773
      View Details
    • $95,376

      Upsala Business Park Flex Space

      Single-tenant commercial facility with office and warehouse space for rent.
      201 Specialty Pt, Sanford, FL 32771
      View Details

    FAQs

    What type of property is this?
    Office property - Versatile office space in a professionally managed complex.
    Where is this office property located?
    The property is located at 500-540 W Lake Mary Blvd Sanford, FL.
    What are key features of this property?
    This property features: - Versatile office space suitable for a variety of professional uses.; - Located within the prominent Reflections complex.; - Ample parking spaces available.
    Request Owner's contact information
    500-540 W Lake Mary Blvd Sanford, FL 32773
    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.
    500-540 W Lake Mary Blvd
    Sanford, FL 32773
    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
    500-540 W Lake Mary Blvd Sanford, FL 32773
    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

    We can help!
    Listing Contact
    Louis-Frantz Joachim
    Real Estate License ID: BK3278476
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!