Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1708 Lexington Grn Ln Sanford, FL 32771-1018

    • Office Properties & Spaces
    • 2,250 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2023
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9015037
    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

    • Jonathan Estrada / Physician / Medical Clinic
    • Jennifer Anton / Physician / Medical Clinic
    • Meade Mchenry / Physician / Medical Clinic
    • Laureen Glover / Physician / Medical Clinic
    • Pauline Chaves / Physician / Medical Clinic

    Property Details for 1708 Lexington Grn Ln

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    0.05 lot acres
    Property size
    2,250 SF
    Property type
    Office Properties & Spaces
    APN
    26-19-30-511-0000-0020
    APU
    26193051100000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2824
    Latitude
    28.8133
    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
    $5,394
    $0.00
    $0.00
    $303,750
    -
    $0.00
    $303,750
    $303,750

    Comparable in this City

    • Value Estimation by Request
      2,396 SF

      113 Bellagio Cir

      CONDOMINIUM OFFICES • 2,396 SF
      113 Bellagio Cir, Sanford, FL 32771-5000
      View Details
    • Value Estimation
      $1,720,000
      8,110 SF

      5739 Byron Anthony Pl Ste, Unit 1001

      CONDOMINIUM OFFICES • 8,110 SF
      5739 Byron Anthony Pl Ste, Sanford, FL 32771-8638
      View Details
    • Value Estimation
      $570,000
      3,750 SF

      1403 Medical Plz Dr Ste, Unit 209

      CONDOMINIUM OFFICES • 3,750 SF
      1403 Medical Plz Dr Ste, Sanford, FL 32771-1047
      View Details
    • Value Estimation by Request
      1,702 SF

      819 1st St Ste, Unit 2

      CONDOMINIUM OFFICES • 1,702 SF
      819 1st St Ste, Sanford, FL 32771-1467
      View Details
    • Value Estimation by Request
      1,813 SF

      819 1st St Ste, Unit 6

      CONDOMINIUM OFFICES • 1,813 SF
      819 1st St Ste, Sanford, FL 32771-1467
      View Details
    • Value Estimation by Request
      1,736 SF

      819 1st St Ste, Unit 9

      CONDOMINIUM OFFICES • 1,736 SF
      819 1st St Ste, Sanford, FL 32771-1467
      View Details

    Similar Nearby for Sale

    • $499,000
      2,037 SF

      Sanford Office Building - Great Location!

      Fully furnished office, ideal for various uses.
      806 25Th St, Sanford, FL 32771
      View Details
    • $199,999
      1,360 SF

      Sanford Office Building - Prime Location

      High-traffic area, medical office, great potential.
      1204 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $199,000
      1,360 SF

      Sanford Storefront - Prime Location

      1,360 SF Office/Retail, $199,000
      1204 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $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
      View Details
    • $495,000

      Two-Story Commercial Property For Sale

      Two-story commercial property near historic waterfront district.
      1201 State Road 46, Sanford, FL 32771
      View Details
    • New
      $349,900
      Pending

      Prime Sanford Commercial/Mixed-Use Land

      Versatile commercial property near downtown Sanford with redevelopment potential.
      420 Monroe Rd, Sanford, FL 32771
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      23,700 SF

      Sanford Office Space: Legacy Park

      Modern Suites, Prime Sanford Location
      1270 Upsala Rd, Sanford, FL 32771
      View Details
    • $34 SF/Yr
      51,634 SF

      Downtown Sanford Executive Suites

      Prestigious 5th-floor office space, stunning city views.
      312 1St St, Sanford, FL 32771
      View Details
    • $18 SF/Yr
      1,975 SF

      Renovated Office Space Available

      Office space for lease in extensively renovated building.
      1256-1280 Upsala Rd, Sanford, FL 32771
      View Details
    • New
      $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
    • Contact for pricing

      Office Space at Towne Center

      Office space available for rent at 200 Towne Center.
      Sanford, FL 32771
      View Details
    • $43,000

      Sanford Office Space For Rent

      2,150 SF office space near Seminole Town Center.
      245 Bellagio Cir, Sanford, FL 32771
      View Details
    Request Owner's contact information
    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.
    1708 Lexington Grn Ln
    Sanford, FL 32771-1018
    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
    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

    Google sign-in failed. Please try again or use another login method.