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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Manufacturing properties
105 Commerce Way, Sanford, FL 32771-3092
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4991337
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
CONCRETE
Total area
6,561 SF
Lot
0.44 ac (19,380 SF)
APN
35-19-30-524-0000-020A
UPID
US18-4991337
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$941k
Blend (final)
Blend
$890k
Owner & transaction history
105 Commerce Way LLC · 2 yrs held
105 Commerce Way LLC
since 2024
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+76.6%
Office building
$1.1M
+29.0%
Warehouse, storage
$1.0M
+26.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$890,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,460,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$1,065,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,040,000
Change: +26% · Conversion: Easy
RETAIL STORES
$910,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$750,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $890k (Jan 29 2024)
Last sale anchor
$890k
Jan 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$136 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,772
Tax year 2023
Assessed value
$738,981
Assessed 2023
Previous assessed
$484,698
+52.5% YoY
Effective rate
1.19%
On assessed value
Land market value
$198,645
Improvement market value
$540,336
Total market value
$738,981
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
4
Total area
6,561 SF
Lot
0.44 ac (19,380 SF)
APN
35-19-30-524-0000-020A
UPID
US18-4991337
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$750,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
105 Commerce Way LLC
Entity
Mailing address
115 COMMERCE WAY, SANFORD, FL 32771-3092
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$890,000
105 Commerce Way LLC
Commerce Street Holdings LLC
Special Warranty Deed
—
Apr 7, 2020
—
Commerce Street Holdings LLC
—
Deed
related
$2,500,000 · Cogent Bk
Oct 16, 2018
—
Commerce Street Holdings LLC
—
Deed
related
$170,243 · Pinnacle Bk
Jun 10, 2016
—
Commerce Street Holdings LLC
—
Deed
related
$190,000 · Iberiabank
Jun 13, 2014
—
Jarebare LLC
Gator-nole LLC Coc
Trustees Deed
related
—
Nov 13, 2006
$475,000
Gator Nole LLC
Kalyn Industries INC
Warranty Deed
$459,000 · Colonial Bank NA
—
—
Commerce Street Holdings LLC
—
Deed Of Trust
related
$200,000 · Cnlbank
—
—
Commerce Street Holdings LLC
—
Deed Of Trust
related
$190,000 · Iberiabank
—
—
Commerce Street Holdings LLC
—
Loan Modification
related
$170,243 · Pinnacle Bk
—
—
Commerce Street Holdings LLC
—
Deed Of Trust
related
$2,500,000 · Cogent Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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