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

    218 French Ave Sanford, FL 32771-1166

    • Warehouses
    • 1,484 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Jun 05, 2024
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3636844
    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

    • Dockside Pools DBA Seminole Pool Supply / General Contractor
    • Rider and Garage / Auto Repair Shop / Motorcycle Shop
    • RIDER & GARAGE / Motorcycle Shop

    Property Details for 218 French Ave

    Year built
    1938
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    1,484 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    25-19-30-5AG-0409-0050
    APU
    2519305AG04090050

    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
    -81.2735
    Latitude
    28.81
    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
    $1,991
    $0.00
    $0.00
    $112,140
    -
    $66,749
    $45,391
    $112,140

    Comparable in this City

    • Value Estimation by Request
      2,102 SF

      818 French Ave

      MINI-WAREHOUSE, STORAGE • 2,102 SF
      818 French Ave, Sanford, FL 32771-2581
      View Details
    • Value Estimation by Request
      3,000 SF

      3655 Naseem Ln

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      3655 Naseem Ln, Sanford, FL 32771-9109
      View Details
    • Value Estimation by Request
      3,000 SF

      3725 Naseem Ln

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      3725 Naseem Ln, Sanford, FL 32771-9109
      View Details
    • Value Estimation by Request
      2,859 SF

      3675 Naseem Ln

      MINI-WAREHOUSE, STORAGE • 2,859 SF
      3675 Naseem Ln, Sanford, FL 32771-9109
      View Details
    • Value Estimation
      $655,000
      2,464 SF

      1501 1st St

      MINI-WAREHOUSE, STORAGE • 2,464 SF
      1501 1st St, Sanford, FL 32771-1651
      View Details
    • Value Estimation by Request
      1,000 SF

      2183 8th St

      MINI-WAREHOUSE, STORAGE • 1,000 SF
      2183 8th St, Sanford, FL 32771-1680
      View Details

    Similar Nearby for Sale

    • $6,000,000
      37,800 SF

      Sanford Industrial Park Investment Opportunity

      Fully leased industrial park near Sanford Airport with investment options.
      3650-3735 Naseem Ln, Sanford, FL 32771
      View Details
    • Contact for pricing
      116,500 SF

      Sanford Warehouse and Office Buildings

      Five warehouse/office buildings with highway frontage and easy I-4 access.
      Church St And Monroe Rd, Sanford, FL 32771
      View Details
    • $6,000,000
      37,800 SF

      Sanford Industrial Park Investment

      10-Building Warehouse Portfolio, High ROI
      3650-3735 Naseem Ln, Sanford, FL 32771
      View Details
    • $850,000
      1.40 Acres

      Sanford Industrial Land - $850K

      1.4-acre industrial lot, Sanford, FL. Build-to-suit potential.
      918 Persimmon Ave, Sanford, FL 32771
      View Details
    • 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
      View Details
    • $750,000
      1.00 Acre

      Sanford Commercial Land Investment

      High-dry 1-acre lot, prime location.
      1199 Upsala Rd, Sanford, FL 32771
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      116,500 SF

      Monroe Commerce Park Warehouses

      Sanford, FL Industrial Space Available
      Sanford Florida Church St & Monroe Rd, Sanford, FL 32771
      View Details
    • $26,340

      Warehouse Space with Roll-Up Doors

      Warehouse space with office, storage, and convenient highway access.
      2920 W Airport Blvd, Sanford, FL 32771
      View Details
    • $13 SF/Yr
      16,190 SF

      Sanford Flex Warehouse Space

      Flex warehouse unit available in July 2024.
      130 Tech Dr, Sanford, FL 32771
      View Details
    • Contact for pricing
      215,177 SF

      Premier Class A Industrial Development

      Class A industrial park in Sanford with modern logistics features.
      3503 St. Pkwy John's, Sanford, FL 32771
      View Details
    • $14 SF/Yr
      3,360 SF

      Sanford Flex Space For Lease

      Flex space with easy access to I-4 and great visibility.
      631-655 Progress Way, Sanford, FL 32771
      View Details
    • $48,000

      Sanford Flex Space Available Now

      Functional flex space with office and warehouse in Sanford's I-4 corridor.
      260 Power Ct, 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.
    218 French Ave
    Sanford, FL 32771-1166
    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.