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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1315 Summerlin Ave Sanford, FL 32771-3926

    • Schools
    • 5,615 SF
    • 0.84 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2025
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7179753
    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

    • Rescue Child Care Summerlin / Day Care Center

    Property Details for 1315 Summerlin Ave

    Year built
    1924
    Construction
    WOOD FRAME
    Lot size
    0.84 lot acres
    Property size
    5,615 SF
    Property type
    Schools
    APN
    31-19-31-501-0D00-0010
    APU
    3119315010D000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $829,000
      Market price range: $830k - $2.29M
      AI Estimate
      $829,000
      Market price range: $830k - $2.29M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,250,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2521
    Latitude
    28.8009
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,560
    $0.00
    $0.00
    $313,101
    -
    $92,978
    $220,123
    $313,101

    Comparable in this City

    • Value Estimation
      $3,110,000
      9,720 SF

      92 Oregon St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 9,720 SF
      92 Oregon St, Sanford, FL 32771-8244
      View Details
    • Value Estimation
      $925,000
      4,176 SF

      320 Park Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 4,176 SF
      320 Park Ave, Sanford, FL 32771-1902
      View Details
    • Value Estimation
      $2,925,000
      7,582 SF

      1080 1st St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 7,582 SF
      1080 1st St, Sanford, FL 32771
      View Details
    • Value Estimation
      $3,760,000
      10,896 SF

      155 Henderson Ln

      COLLEGE, UNIVERSITY, VOC SCHOOL • 10,896 SF
      155 Henderson Ln, Sanford, FL 32771-9599
      View Details
    • Value Estimation by Request
      3,190 SF

      1981 Airport Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,190 SF
      1981 Airport Blvd, Sanford, FL 32771-4039
      View Details
    • Value Estimation by Request
      2,772 SF

      240 San Marcos Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 2,772 SF
      240 San Marcos Ave, Sanford, FL 32771-1433
      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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    • $2,795,000
      6.74 Acres

      Sanford Nursery & Garden Center

      6.74 Acres, Prime Location, $2.795M
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    • $600,000

      Commercial Property in Sanford, FL

      Prime commercial property suitable for office or medical investors.
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    • $3,610,000
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      TD Bank NNN Ground Lease

      NNN leased TD Bank in Sanford, FL for sale.
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      Sanford Land: Prime Commercial Lot

      12,196 sq ft lot, ideal location.
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    • $925,000
      3,760 SF

      Downtown Sanford Mixed-Use Gem

      Historic Warehouse, Redevelopment Opportunity
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    Similar Nearby for Lease

    • Contact for pricing
      89,605 SF

      Codisco Warehouse: Two Suites Available

      Modern warehouse space, flexible layouts, ample parking.
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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
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    • $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
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    1315 Summerlin Ave
    Sanford, FL 32771-3926
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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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