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    2408 French Ave Sanford, FL 32771-4250
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    Property profile & analytics

    2408 French Ave, Sanford, FL 32771-4250

    View on Map
    • Gas stations
    • 4,750 SF
    • 0.73 lot acres
    Off-Market
    Property ID
    US18-0435954
    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.
    Value Estimations
    $1,285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big T Tire & Automotive / Auto Repair Shop

    Property Details for 2408 French Ave

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.73 lot acres
    Property type
    Gas stations
    APN
    36-19-30-524-1500-0070
    APU
    36193052415000070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 24, 2025 $1,600,000 Salzberg Properties Of Sanford LLC Taylor Properties Of Sanford LLC Warranty Deed $1.4M · Regions Bank
    Jun 18, 2018 — Taylor Properties Of Sanford LLC — Deed · related $410k · Seacoast National Bank
    Sep 14, 2016 — Taylor Properties Of Stanford LLC — Deed · related $16k · Mainstreet Community Bank Of Florida
    Feb 20, 2004 $210,000 Taylor Properties Of Sanford L Taylor,tommy R & Barbara G Grant Deed · related —
    — — Taylor Properties Of Sanford LLC — Loan Modification · related $377k · Hancock Bk
    — — Taylor Props Of Sanford LLC — Deed Of Trust · related $415k · Peoples First Community Bank
    — — Taylor Props Of Sanford LLC — Deed Of Trust · related $350k · Riverside National Bank
    — — Taylor Props Of Sanford LLC — Deed Of Trust · related $27k · Riverside National Bank
    — — Tommy R Taylor — Deed Of Trust · related $172k · First Community Bank
    — — Tommy R Taylor — Deed Of Trust · related $221k · Banco Popular North America
    — — Tommy R Taylor — Deed Of Trust · related $50k · Banco Popular North America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,286,000
      Market price range: $1.29M - $2.92M
      AI Estimate
      $1,286,000
      Market price range: $1.29M - $2.92M

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $1,965,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2736
    Latitude
    28.7897
    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
    $7,414
    $0.00
    $0.00
    $520,964
    -
    $368,140
    $152,824
    $520,964

    Comparable in this City

    • Value Estimation
      $3,170,000
      5,151 SF

      4115 State Rd 46

      SERVICE STATION WITH FOOD MART
      4115 State Rd 46, Sanford, FL 32771-8431
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    • Value Estimation by Request
      1,216 SF

      2681 5th St

      SERVICE STATION (FULL SERVICE)
      2681 5th St, Sanford, FL 32771-1686
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    • Value Estimation
      $570,000
      2,100 SF

      2594 Airport Blvd

      SERVICE STATION WITH FOOD MART
      2594 Airport Blvd, Sanford, FL 32771-1649
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    • Value Estimation
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      7,475 SF

      601 1st St

      SERVICE STATION (FULL SERVICE)
      601 1st St, Sanford, FL 32771-1119
      View Details
    • Value Estimation by Request
      1,548 SF

      1800 French Ave

      SERVICE STATION WITH FOOD MART
      1800 French Ave, Sanford, FL 32771-3376
      View Details
    • Value Estimation
      $1,970,000
      7,263 SF

      4151 State Rd 46

      SERVICE STATION (FULL SERVICE)
      4151 State Rd 46, Sanford, FL 32771-9002
      View Details

    Similar Nearby for Sale

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      High-traffic gas station near Sanford High School for sale.
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      Sanford Retail Center - Prime Location

      Seven retail spaces, ample parking, great opportunity.
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      4,930 SF

      Downtown Sanford Mixed-Use Building

      4,930 SF mixed-use building in Downtown Sanford, Florida.
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      Freestanding Retail Building in Sanford

      Prime retail opportunity near Walmart with high traffic volume.
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    • $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
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    • Contact for pricing
      2,550 SF

      Retail Space in Sanford, Florida

      Retail spaces available in large open-air shopping center.
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    • Contact for pricing

      Retail Space in Sanford Shoppes

      Retail space available with excellent visibility and frontage.
      1500 S French Ave, Sanford, FL 32771
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    • $15 SF/Yr
      35,719 SF

      Stabilized Retail Strip Center

      Stabilized retail strip center with long-term leases in Sanford.
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    Sanford, FL 32771-4250
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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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