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    Property profile & analytics

    State Road 46 Sanford, FL 32771

    • Specialty properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 State Road 46

    Property type
    Specialty properties
    Property subtype
    Retail properties

    Description

    This exceptional retail space, located at the southwest corner of State Road 46 and Orange Boulevard in Sanford, Florida (zip code 32771), presents a unique leasing opportunity. The property, zoned C-1, offers single tenancy in a vibrant and rapidly growing trade area boasting outstanding household incomes and population density. This prime location features excellent visibility and frontage along SR 46, situated at a high-traffic signalized intersection, ensuring maximum exposure for your business. The property is ideal for grocery operations, restaurants, or other special purpose commercial uses. Its convenient access to the Wekiva Parkway provides easy accessibility for customers and employees. Available space includes both prime outparcels and inline retail space, offering flexibility to suit various business needs. This is an unparalleled opportunity to establish or expand your business in a thriving Sanford commercial hub. Contact us today to learn more about this exceptional property and its leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.3637
    Latitude
    28.8118

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      287 High Water Ln

      Restaurants • 2,500 SF
      287 High Water Ln, Sanford, FL 32771
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    • Value Estimation by Request
      2.00 Acres

      3550 Fl-46

      Automotive properties • 2.00 Acres
      3550 Fl-46, Sanford, FL 32771
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    • Value Estimation by Request
      1,550 SF

      117 French Ave

      Restaurants • 1,550 SF
      117 French Ave, Sanford, FL 32771
      View Details
    • Value Estimation by Request
      12,497 SF

      5000 County Rd 46a

      FUNERAL HOME • 12,497 SF
      5000 County Rd 46a, Sanford, FL 32771-7737
      View Details
    • Value Estimation by Request
      5,180 SF

      255 Orange Blvd

      VETERINARY, ANIMAL HOSPITAL • 5,180 SF
      255 Orange Blvd, Sanford, FL 32771-7498
      View Details
    • Value Estimation by Request
      1.34 Acres

      2163 25th St

      CREMATORIUM, MORTUARY • 1.34 Acres
      2163 25th St, Sanford, FL 32771-7527
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      SR 46 Sanford Commercial Land

      Prime Sanford commercial land, ideal for auto uses.
      3550 Fl-46, Sanford, FL 32771
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    • $2,000,000
      5,204 SF

      Historic Mixed-Use Landmark in Sanford

      Historic mixed-use building in Downtown Sanford with flexible configurations.
      101 W 1St St, Sanford, FL 32771
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    • $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
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    • New
      $3,000,000
      7,987 SF

      Remodeled Historic Mixed-Use Building

      Remodeled historic commercial building in Downtown Sanford's vibrant First Street district.
      121 E 1St St, Sanford, FL 32771
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    • $575,000

      Restaurant Property on Main Road

      Successful restaurant on a high-traffic road with excellent visibility.
      2101 S French Ave, Sanford, FL 32771
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    • $4,250,000
      3.38 Acres

      The Barn: Sanford Nightclub

      Iconic Country Western Venue, For Sale
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    Similar Nearby for Lease

    • Contact for pricing
      8,587 SF

      Restaurant or Ground Lease Opportunity

      8,516 SF restaurant space near Seminole Town Center.
      4649 W State Road 46, Sanford, FL 32771
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    • $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
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    • $25 SF/Yr
      14,550 SF

      Sanford Retail Opportunity

      Retail space available on a 1.75-acre lot.
      2821 W 25Th St, 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
      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
    • $19 SF/Yr
      1,170 SF

      Retail Space Near Downtown Sanford

      Retail space with high visibility and easy highway access.
      2200 S French Ave, Sanford, FL 32771
      View Details
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    State Road 46
    Sanford, FL 32771
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    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
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