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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2521 S French Ave Sanford, FL 32773

    • Drive through restaurants
    • 610 SF
    • 0.17 lot acres
    For Sale
    View listing
    $775,000
    Last Sale
    Mar 19, 2021
    $325,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5613058
    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

    • Sal's Italian Ice / Grocery & Convenience Store / Specialty Food Shop
    • I'S Roofing Services / Roofing Company / General Contractor

    Property Details for 2521 S French Ave

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Property size
    610 SF
    Property type
    Drive through restaurants
    APN
    01-20-30-504-0800-0150
    APU
    1203050408000150

    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
    -81.2727
    Latitude
    28.7856
    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
    $5,048
    $0.00
    $0.00
    $284,299
    -
    $152,880
    $131,419
    $284,299

    Comparable in this City

    • Value Estimation
      $2,360,000
      2,800 SF

      202 Lk Mary Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,800 SF
      202 Lk Mary Blvd, Sanford, FL 32773-5925
      View Details
    • Value Estimation
      $4,390,000
      4,286 SF

      3788 Orlando Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,286 SF
      3788 Orlando Dr, Sanford, FL 32773-5614
      View Details
    • Value Estimation
      $1,215,000
      2,240 SF

      2700 Orlando Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,240 SF
      2700 Orlando Dr, Sanford, FL 32773-5312
      View Details
    • Value Estimation
      $2,565,000
      2,556 SF

      3601 Orlando Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,556 SF
      3601 Orlando Dr, Sanford, FL 32773-5687
      View Details
    • Value Estimation
      $2,155,000
      2,256 SF

      3768 Orlando Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,256 SF
      3768 Orlando Dr, Sanford, FL 32773-5614
      View Details
    • Value Estimation by Request
      500 SF

      2523 Park Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 500 SF
      2523 Park Dr, Sanford, FL 32773-5151
      View Details

    Similar Nearby for Sale

    • $775,000
      610 SF

      Profitable Drive-Thru Restaurant Opportunity

      Established drive-thru restaurant for sale with real estate included.
      2521 S French Ave, Sanford, FL 32773
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    • $875,000
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      Sanford Mixed-Use Commercial Complex

      Versatile commercial complex with multiple buildings and income streams.
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    • $800,000

      Restaurant/Bar Opportunity on Sanford Avenue

      Business and real estate for sale in superb location.
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    • $749,000
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      Sanford Retail Space - High ROI

      High-traffic retail space, leased through 2026.
      2921 Orlando Dr, Sanford, FL 32773
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      Sanford Retail Space: Prime Location!

      High-traffic retail space, low condo fees.
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    • $3,799,000
      21,240 SF

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      21,240 SF retail/warehouse building with flexible layout and highway frontage.
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    Similar Nearby for Lease

    • $0.01 SF/Yr
      29,618 SF

      Sanford Retail Condo - 29,618 SF

      Large Sanford retail space, ideal for diverse uses.
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    • Contact for pricing
      1,600 SF

      Retail Space in Seminole Centre

      Retail space available in a busy Sanford shopping center.
      3605-3639 S Orlando Dr, Sanford, FL 32773
      View Details
    • $12 SF/Yr
      968 SF

      Lake Mary Blvd Gas Station Lease

      High-traffic corner location, excellent income potential.
      490 Lake Mary Blvd, Sanford, FL 32773
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    • Contact for pricing
      2,600 SF

      Retail Space in Seminole Centre

      Retail space available in a busy Sanford shopping center.
      3655-3707 S Orlando Dr, Sanford, FL 32773
      View Details
    • Contact for pricing

      Retail Space in Seminole Center

      Prime retail space with high visibility and traffic.
      3653 South Orlando Dr, Sanford, FL 32773
      View Details
    • Contact for pricing
      500 SF

      Land Lease Near Growing Airport

      Land available for lease near a rapidly growing US airport.
      1200 Red Cleveland Blvd, Sanford, FL 32773
      View Details
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    2521 S French Ave
    Sanford, FL 32773
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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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