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Property profile & analytics
OFF-MARKET Estimated value $640,000
Retail properties & Spaces

223 3rd St Sanford, FL 32771-1831

2,005 SF 0.64 ac lot Built 1910
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-0986215
Property summary
AI-generated overview

This exceptional 1.2-acre mixed-use property in vibrant downtown Sanford, Florida presents a unique redevelopment opportunity. Located on a main thoroughfare, the site boasts 3,760 square feet of existing building space, including a circa-1910 historic warehouse featuring nearly 2,000 square feet of covered porch—ideal for adaptive reuse, such as a microbrewery. The property comprises five parcels with frontage and access from both 3rd and 4th Streets. Zoned SC-3 Special Commercial, the site allows for a wide range of commercial uses and potentially multi-family residential development. The future land use designation, Waterfront Downtown Business District (WDBD), offers benefits including reduced setbacks, lower parking requirements, and a density allowance of up to 50 units per acre. This prime location benefits from significant commercial and residential growth, with new businesses, including restaurants and microbreweries, flourishing in the area. Note that some buildings along 3rd Street show fire damage

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1910
Construction WOOD FRAME
Total area 2,005 SF
Lot 0.64 ac (27,878 SF)
APN 25-19-30-5AG-0505-0060
UPID US18-0986215
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
  • Miller Lights Inc. Marketing & Advertising Event Planning
  • Transforming Property Solutions, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$482k
Blend (final) Blend
$640k
Owner & transaction history
Centurion 2 LLC · 1 yrs held
Centurion 2 LLC
since 2025
Last sale
$800,000
5 recorded transactions
2025
$800,000
2023
Price N/A
2015
$350,000
2014
$70,100
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $925,000 +41.8%
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