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Property profile & analytics
FOR LEASE
Warehouses
501 Codisco Way, Sanford, FL 32771
Trust Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-4242696
For Lease
1 / 6
$3,955,000
501 Codisco Way, Sanford, FL 32771
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Property summary
AI-generated overview
This exceptional industrial property at 501 Codisco offers two warehouse suites totaling 89,605 square feet, with flexible lease options ranging from a minimum of 20,000 square feet to a maximum contiguous space of 60,000 square feet. The property sits on two acres of land and boasts impressive features including 26'4" ceiling heights, eight dock-high loading positions, and two grade-level doors. Ample parking is available, with roughly 70 spaces plus additional parking options. The building benefits from a recently upgraded 20-year roof and a modernized exterior. Interior features include a 168-foot truck court and LED high bay lighting in 80% of the space. The property offers 900-amp, three-phase, 230-volt power. The suites are divisible, allowing for customization to meet specific tenant needs. This prime location provides easy access to major transportation routes and offers a highly functional and modern warehouse solution.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE BLOCKS
Total area
14,901 SF
Lot
18.77 ac (817,621 SF)
APN
28-19-30-506-0000-0300
UPID
US18-4242696
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.96M
Owner & transaction history
Bauerle D C SR Living Trust · 20 yrs held
Bauerle D C SR Living Trust
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+39.9%
Office building
$2.4M
+2.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,310,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$2,420,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.96M
Range $3.56M – $4.35M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$265 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$122,967
Tax year 2023
Assessed value
$7,406,616
Assessed 2023
Previous assessed
$6,558,021
+12.9% YoY
Effective rate
1.66%
On assessed value
Land market value
$3,267,214
Improvement market value
$4,139,402
Total market value
$7,406,616
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
16
Total area
14,901 SF
Lot
18.77 ac (817,621 SF)
APN
28-19-30-506-0000-0300
UPID
US18-4242696
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
16
Lot
18.77 ac
Current owner
From public records · entity-resolved
Bauerle D C SR Living Trust
Trust
Mailing address
531 CODISCO WAY, SANFORD, FL 32771-6618
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2016
—
Sanford Partners LLC
—
Deed
related
$7,000,000 · Bankunited Fsb
Jun 13, 2006
—
Bauerle D C SR Living Trust
Codisco INC
Quit Claim Deed
—
Sep 17, 1997
$535,000
Mergy Ltd
Codisco INC
Grant Deed
$412,000 · Southtrust Bank Florida NA
—
—
Sanford Partners LLC
—
Deed Of Trust
related
$7,000,000 · Bankunited Fsb
—
—
Rita F Brown Family LP
—
Deed Of Trust
related
$555,000 · Amsouth Bank
—
—
Kenneth Koldenhoven
—
Deed Of Trust
related
$367,750 · Amsouth Bank
—
—
Joseph R Rowe
—
Deed Of Trust
related
$75,000 · Bankfirst
—
—
Kenneth Koldenhoven
—
Deed Of Trust
related
$314,855 · Amsouth Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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