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

    2907 Sanford Ave Sanford, FL 32773

    • Commercial real estate
    For Sale
    View listing
    $174,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5785891
    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

    • Commercial real estate

    Property Details for 2907 Sanford Ave

    Property type
    Commercial real estate

    Description

    This exceptional 41,382 square foot commercial lot presents a remarkable investment opportunity in Sanford, Florida. Located at 2907 Sanford Avenue, zip code 32773, this vacant land offers unparalleled potential for diverse commercial ventures. Situated in Seminole County, the property's convenient location provides easy access to major transportation routes and local amenities, making it an ideal site for a variety of businesses. The asking price is $174,000. The expansive lot size allows for significant development flexibility, catering to a wide range of commercial projects. This property is zoned for commercial use, opening doors to numerous possibilities. Its strategic location within Sanford, Florida, offers access to a growing market and a thriving business community. The property's flat terrain simplifies development, reducing potential construction challenges and costs. This is a rare opportunity to acquire a substantial commercial lot in a desirable location, offering significant potential for future growth and profitability. Don't miss this chance to secure a prime piece of real estate in a dynamic market. The latitude and longitude coordinates are 28.7732981, -81.26462 respectively. Serious inquiries are encouraged.

    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
    -81.26462
    Latitude
    28.7732981

    Comparable in this City

    • $700,000
      16.66 Acres

      Secluded Seminole County Ranchette

      16.66 Acres, Residential Land, Sanford, FL
      0 Hester Ave, Sanford, FL 32773
      View Details
    • $2,800,000
      19.60 Acres

      Sanford Industrial Land - 19.6 Acres

      Prime Industrial Land, Sanford, FL. Excellent Location & Utilities.
      0 Richmond Ave, Sanford, FL 32773
      View Details
    • Contact for pricing
      2.20 Acres

      Sanford, FL Commercial Land Opportunity

      2.2 Acres, High & Dry, Prime Location
      900 Lake Mary Blvd, Sanford, FL 32773
      View Details
    • Contact for pricing

      Sanford Commercial Land - 10 Acres

      Prime Sanford location, 10 acres near airport.
      171 Red Cleveland Blvd, Sanford, FL 32773
      View Details
    • $425,000

      Sanford Land Near SR 46

      Prime 1+/- acre land parcel near Lake Mary Blvd.
      2507 Richmond Ave, Sanford, FL 32773
      View Details
    • $1,200,000
      1 SF

      Sanford Land/Retail Investment Opportunity

      Prime 1.8-acre Sanford property ideal for retail or commercial development.
      South Orlando Dr, Sanford, FL 32773
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Lake Mary Blvd Commercial Land

      Prime 3.9-acre commercial lot, excellent visibility.
      0 Lake Mary Blvd, Sanford, FL 32773
      View Details
    • Contact for pricing
      43.44 Acres

      Prime Sanford Commercial Land

      43 Acres, Multi-Use Potential, High Visibility
      17-92 Hwy, Sanford, FL 32773
      View Details
    • $1,144,500
      3.27 Acres

      Prime Sanford Residential Land

      3.27 acres, ideal residential development.
      3900 Lake Mary Blvd, Sanford, FL 32773
      View Details
    • $1,900,000
      2.98 Acres

      Prime Sanford Commercial Land

      2.98 Acres Near Orlando Airport
      7375 Ronald Reagan Blvd, Sanford, FL 32773
      View Details
    • $15,000,000
      53.66 Acres

      Sanford Industrial Land - 53 Acres

      Prime Sanford location, ideal for industrial development.
      2250 Marquette Ave, Sanford, FL 32773
      View Details
    • Contact for pricing

      Commercial Parcels Near Seminole College

      Two commercial parcels totaling 23,111 SF near Seminole State College.
      Ridge Dr, Sanford, FL 32773
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Prime Sanford Development Land

      500 Acres Near Orlando Airport
      1200 Red Cleveland Blvd, Sanford, FL 32773
      View Details
    • Contact for pricing
      56,192 SF

      Sanford Ave Commercial Land

      Prime Sanford, FL commercial land, 1.29 acres.
      3200 Sanford Ave, Sanford, FL 32773
      View Details
    • $50 SF/Yr
      113 SF

      Sanford Flex Space for Lease

      113 sq ft office, immediate occupancy
      1500 Tropic Park 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
      View Details
    • $45,341

      Sanford Warehouse with Office Space

      Well-maintained warehouse with offices near Ronald Reagan Blvd.
      2789 S Financial Ct, Sanford, FL 32773
      View Details
    • $12 SF/Yr
      13,500 SF

      Orlando Sanford Airport Flex Space

      Flex/office/industrial space near Orlando Sanford International Airport.
      2800-2848 South Mellonville Ave, 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.
    2907 Sanford Ave
    Sanford, FL 32773
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.