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

    2475 S Park Ave Sanford, FL 32771

    • Community centers
    • 14,616 SF
    • 0.82 lot acres
    For Sale
    View listing
    $2,500,000
    Last Sale
    Apr 28, 2022
    $1,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4878809
    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

    • LUX Nail Bar / Nail Salon
    • Budget Equipment Rental / Construction Company

    Property Details for 2475 S Park Ave

    Year built
    1954
    Construction
    CONCRETE BLOCKS
    Lot size
    0.82 lot acres
    Property size
    14,616 SF
    Property type
    Community centers
    APN
    36-19-30-540-0000-0150
    APU
    36193054000000150

    Description

    This exceptional retail property, located at 2475 S PARK AVE in Sanford, Florida, presents a compelling investment opportunity. The 14,616 square foot building sits on a 0.34-acre lot and is offered for both sale at $2,300,000 and lease. The property features seven individual retail spaces, providing flexibility for a diverse range of businesses. Currently, three of these units are vacant and immediately available for lease, presenting a unique chance for prospective tenants to establish their presence in a thriving commercial area. The building's significant advantage lies in its ample parking provision. With 48 dedicated parking spaces, customers and tenants alike will enjoy convenient and stress-free access. This ensures a positive shopping and working experience, attracting both businesses and clientele. The property's prime location in Sanford, Florida, offers excellent visibility and accessibility, making it an ideal investment for those seeking a strong return on investment in a bustling retail environment. The combination of vacant units ready for immediate occupancy, ample parking, and a desirable location makes this a truly exceptional opportunity in the Sanford commercial real estate market. Serious inquiries are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,183,000
      Market price range: $2.18M - $5.40M
      AI Estimate
      $2,183,000
      Market price range: $2.18M - $5.40M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2672
    Latitude
    28.7871
    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
    $22,176
    $0.00
    $0.00
    $1,248,840
    -
    $170,065
    $1,078,775
    $1,248,840

    Comparable in this City

    • Value Estimation
      $9,130,000
      29,762 SF

      1700 Rinehart Rd

      MINI-MALL • 29,762 SF
      1700 Rinehart Rd, Sanford, FL 32771-6590
      View Details
    • Value Estimation
      $7,775,000
      29,282 SF

      5040 State Rd 46

      MINI-MALL • 29,282 SF
      5040 State Rd 46, Sanford, FL 32771-9248
      View Details
    • Value Estimation
      $3,765,000
      8,175 SF

      4730 State Rd 46

      MINI-MALL • 8,175 SF
      4730 State Rd 46, Sanford, FL 32771-9342
      View Details
    • Value Estimation
      $2,545,000
      7,434 SF

      4720 International Pkwy

      MINI-MALL • 7,434 SF
      4720 International Pkwy, Sanford, FL 32771-9619
      View Details
    • Value Estimation
      $6,715,000
      24,396 SF

      1125 Rinehart Rd

      MINI-MALL • 24,396 SF
      1125 Rinehart Rd, Sanford, FL 32771-7390
      View Details
    • Value Estimation by Request
      484 SF

      900 French Ave

      MINI-MALL • 484 SF
      900 French Ave, Sanford, FL 32771-2464
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Sanford Retail Building For Sale

      Retail building with seven fully-leased units and ample parking.
      2475 S Park Ave, Sanford, FL 32771
      View Details
    • $925,000

      Prime Sanford Commercial Land

      2+ Acres, High Visibility, $925,000
      0 46 A Rd, Sanford, FL 32771
      View Details
    • $1,000,000
      1,902 SF

      Downtown Sanford Retail Gem

      Historic Victorian, High Traffic, Huge Potential
      117 French Ave, Sanford, FL 32771
      View Details
    • Contact for pricing
      8,900 SF

      Music Venue in Historic Downtown

      Unique music venue/bar in Historic Downtown Sanford for sale.
      200 S Myrtle Ave, 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
    • Contact for pricing
      2,486 SF

      TD Bank NNN Ground Lease

      NNN leased TD Bank in Sanford, FL for sale.
      83 Towne Center Blvd, Sanford, FL 32771
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,893 SF

      Marketplace at Seminole Towne Center

      Open-air center in Orlando MSA with national retailers.
      1001-1301 Wp Ball Blvd, Sanford, FL 32771
      View Details
    • Contact for pricing
      2,550 SF

      Retail Space in Sanford, Florida

      Retail spaces available in large open-air shopping center.
      1101-2251 Wp Ball Blvd, Sanford, FL 32771
      View Details
    • Contact for pricing
      11,700 SF

      Retail Space in Sanford, Florida

      Open-air retail space with high visibility and foot traffic.
      1301 Wp Ball Blvd, Sanford, FL 32771
      View Details
    • Contact for pricing
      3,000 SF

      Open-Air Shopping Center Retail Space

      Retail space in a well-located open-air shopping center.
      101-241 Towne Center Blvd, Sanford, FL 32771
      View Details
    • $95,376

      Retail Space Available For Rent

      Retail space available for lease in Sanford, Florida.
      201 Specialty Pt, Sanford, FL 32771
      View Details
    • $16 SF/Yr
      22,290 SF

      Sanford Retail Showroom Space

      Prime Sanford location, flexible suites available.
      315 Monroe Rd, 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.
    2475 S Park Ave
    Sanford, FL 32771
    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.