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501 Codisco Way, Sanford, FL 32771
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Estimated value (blended)
$3.96M
Range $3.56M – $4.35M (±10%)
Property ID
US18-4242696
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
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
since 2006
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$3.3M
+39.9%
Office building
$2.4M
+2.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.96M
Value range
$3.56M – $4.35M
±10% around blend
Estimated value / SF
$265 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$3.56M
blend $3.96M
$4.35M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,901 SF
Lot area
18.77 ac
Year built
2006
Stories
1
APN
28-19-30-506-0000-0300
Assessed value
$7,406,616
Annual tax
$122,967
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.89M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.2 mi away · 17,630 SF
14.4 mi away · 13,322 SF
15.2 mi away · 16,632 SF
17.0 mi away · 18,641 SF
23.8 mi away · 13,720 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.96M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 69 sales
$159
+67%
Submarket 86 sales
$150
+77%
County 200 sales
$183
+45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $265/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+40%
vs current-use indication
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.41M
Move the market yield to see immediate price impact.
Value / SF
$497
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$467k
$9.33M
$6.67M
$5.18M
$518k
$10.37M
$7.41M
$5.76M
$570k
$11.41M
$8.15M
$6.34M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$3.35M
0.4 mi · Mar 2026 · $197/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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