Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2610 Sanford Ave Sanford, FL 32773-5250
    Back to Search
    Property profile & analytics

    2610 Sanford Ave, Sanford, FL 32773-5250

    View on Map
    • Retail space
    • 903 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Dec 5, 2024
    $255,000
    Property ID
    US18-3594020
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jay & Marie's Hair Studio / Hair Salon
    • Pete Cuts Barbershop / Barber Shop

    Property Details for 2610 Sanford Ave

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.14 lot acres
    Property type
    Retail space
    APN
    01-20-30-506-0000-0760
    APU
    1203050600000760

    Description

    This exceptional investment opportunity presents a fully renovated, mixed-use storefront property located at 2610 Sanford Ave, Sanford, FL 32773. The 1,283 square foot building, constructed in 1950 and extensively renovated in 2020, boasts a 7.2% cap rate with 100% occupancy. The property features two tenants, each occupying a portion of the building, and includes eight parking spaces on a 0.14-acre lot. The building is zoned GC-2, allowing for a variety of commercial uses. Significant improvements completed in 2020 include a new roof, plumbing, and siding. The prime location offers convenient access to major roadways such as Hwy 417 and Hwy 17-92, as well as proximity to Historic Downtown Sanford and Orlando-Sanford International Airport. Each of the four units within the building includes a private bathroom. This is a rare opportunity to acquire a high-performing, well-maintained commercial property in a thriving location. The property's strong tenant history and attractive cap rate make it an ideal addition to any investment portfolio. The modified lease type provides flexibility for future growth and management. The asking price is $259,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2651
    Latitude
    28.7813
    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
    $2,439
    $0.00
    $0.00
    $137,344
    -
    $38,326
    $99,018
    $137,344

    Comparable in this City

    • Value Estimation
      $1,255,000
      6,960 SF

      2508 French Ave

      RETAIL STORES (PERSONAL SERVICES)
      2508 French Ave, Sanford, FL 32773-5320
      View Details
    • Value Estimation
      $690,000
      6,500 SF

      3215 Orlando Dr

      RETAIL STORES (PERSONAL SERVICES)
      3215 Orlando Dr, Sanford, FL 32773-5603
      View Details
    • Value Estimation
      $2,165,000
      11,200 SF

      3798 Orlando Dr

      RETAIL STORES (PERSONAL SERVICES)
      3798 Orlando Dr, Sanford, FL 32773-5614
      View Details
    • Value Estimation by Request
      326 SF

      2601 Sanford Ave

      RETAIL STORES (PERSONAL SERVICES)
      2601 Sanford Ave, Sanford, FL 32773-5249
      View Details
    • Value Estimation
      $5,735,000
      15,465 SF

      2501 French Ave

      RETAIL STORES (PERSONAL SERVICES)
      2501 French Ave, Sanford, FL 32773-5302
      View Details
    • Value Estimation by Request
      1,770 SF

      2510 Oak Ave

      RETAIL STORES (PERSONAL SERVICES)
      2510 Oak Ave, Sanford, FL 32773-4100
      View Details

    Similar Nearby for Sale

    • $825,000
      4,493 SF

      Versatile Sanford Commercial Complex

      Three-building complex with restaurant, live/work space, and flex building.
      2516 Sanford Ave, Sanford, FL 32773
      View Details
    • Contact for pricing
      4,493 SF

      Versatile Sanford Commercial Complex

      Three-building complex with restaurant, live/work unit, and flex space.
      2516 Sanford Ave, Sanford, FL 32773
      View Details
    • Contact for pricing
      6,720 SF

      Sanford Retail Redevelopment Opportunity

      High-visibility retail property on 2.11 acres for sale.
      2885 S Orlando Dr, Sanford, FL 32773
      View Details
    • Contact for pricing
      5,184 SF

      Auto Dealership Facility For Sale

      7,100 SF auto dealership on 5.77 acres for sale.
      4165 N Us Highway 17/92, Sanford, FL 32773
      View Details

    Similar Nearby for Lease

    • 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
      3,353 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
    • $18 SF/Yr
      90,008 SF

      Sanford Mixed-Use Space For Lease

      Multiple units available in centrally located Sanford mixed-use property.
      500 W Lake Mary Blvd, Sanford, FL 32773
      View Details
    • Contact for pricing
      2,483 SF

      Retail and Medical Space Available

      Retail and medical spaces for lease with high traffic.
      2670-2698 S Orlando Dr, Sanford, FL 32773
      View Details
    • $18 SF/Yr
      90,008 SF

      Sanford Mixed-Use Space For Rent

      Multiple units available in a centrally located, professionally managed building.
      500 W Lake Mary Blvd, Sanford, FL 32773
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Seminole Centre

      Retail space available in a busy Sanford shopping center.
      3715 S Orlando Dr, Sanford, FL 32773
      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.
    2610 Sanford Ave
    Sanford, FL 32773-5250
    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

    Thank You for Inquiry
    2610 Sanford Ave, Sanford, FL, 32773
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!