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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
1501 1st St, Sanford, FL 32771-1651
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-1042016
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1966
Construction
CONCRETE BLOCKS
Total area
2,464 SF
Lot
1.49 ac (65,035 SF)
APN
25-19-30-5AG-0318-0000
UPID
US18-1042016
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
Current use
Occupant on record · Public records
-
Herc Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Disability Wellness Center Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$655k
Owner & transaction history
Fl Ind 3 LLC
Fl Ind 3 LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$545,000
+39.9%
Office building
$400,000
+2.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$400,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
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
$266 / 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
$16,969
Tax year 2023
Assessed value
$995,197
Assessed 2023
Previous assessed
$932,604
+6.7% YoY
Effective rate
1.71%
On assessed value
Land market value
$385,598
Improvement market value
$609,599
Total market value
$995,197
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
5
Total area
2,464 SF
Lot
1.49 ac (65,035 SF)
APN
25-19-30-5AG-0318-0000
UPID
US18-1042016
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
OFFICE BUILDING
Est. value
$400,000
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1966
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
5
Lot
1.49 ac
Current owner
From public records · entity-resolved
Fl Ind 3 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3900 WIMBLEDON DR, LAKE MARY, FL 32746-4024
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
$2,000,000
Fl Ind 3 LLC
Nadooda Investments Corp
Special Warranty Deed
—
Jul 31, 2023
—
Nadooda Investments Corp
—
Deed
related
$85,000 · South State Bank NA
Jun 7, 2011
$510,000
Nadooda Investments Corp
Sanford Professional Center
Warranty Deed
$350,000 · Sanford Professional Center
Feb 4, 2008
$1,050,000
Sanford Professional Ctr LLC
Sunbelt Rentals INC
Grant Deed
—
Jul 22, 1998
$650,000
Sunbelt Rentals INC
Mason,beverly B
Grant Deed
—
—
—
Nadooda Investments Corp
—
Deed Of Trust
related
$600,000 · Florida Bk/cmrc
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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