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    Property profile & analytics

    5020 State Rd 46 Sanford, FL 32771-9246

    • Banks
    • 5,184 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimations
    $3,830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6852346
    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

    • Fairwinds Credit Union / Bank / Loan Service

    Property Details for 5020 State Rd 46

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    1.68 lot acres
    Property size
    5,184 SF
    Property type
    Banks
    APN
    29-19-30-508-0000-0030
    APU
    29193050800000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,828,000
      Market price range: $741k - $7.05M
      AI Estimate
      $3,828,000
      Market price range: $741k - $7.05M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $2,510,000
      Current use
      RESTAURANT
      $3,430,000
      Change: +37% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,395,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.3456
    Latitude
    28.8121
    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
    $23,753
    $0.00
    $0.00
    $1,840,289
    -
    $1,247,260
    $593,029
    $1,840,289

    Comparable in this City

    • Value Estimation
      $2,445,000
      16,000 SF

      2320 Airport Blvd

      FINANCIAL BUILDING • 16,000 SF
      2320 Airport Blvd, Sanford, FL 32771-3017
      View Details
    • Value Estimation
      $3,140,000
      4,921 SF

      109 Bernini Way

      FINANCIAL BUILDING • 4,921 SF
      109 Bernini Way, Sanford, FL 32771-5446
      View Details
    • Value Estimation
      $2,220,000
      4,906 SF

      4190 State Rd 46

      FINANCIAL BUILDING • 4,906 SF
      4190 State Rd 46, Sanford, FL 32771-9001
      View Details
    • Value Estimation
      $2,485,000
      4,396 SF

      1851 Wp Ball Blvd

      FINANCIAL BUILDING • 4,396 SF
      1851 Wp Ball Blvd, Sanford, FL 32771-7214
      View Details
    • Value Estimation
      $2,995,000
      5,301 SF

      1381 Rinehart Rd

      FINANCIAL BUILDING • 5,301 SF
      1381 Rinehart Rd, Sanford, FL 32771-6510
      View Details
    • Value Estimation
      $5,500,000
      27,120 SF

      539 Dauntless Pt

      FINANCIAL BUILDING • 27,120 SF
      539 Dauntless Pt, Sanford, FL 32771-8245
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,486 SF

      TD Bank NNN Ground Lease

      NNN leased TD Bank in Sanford, FL for sale.
      83 Towne Center Blvd, Sanford, FL 32771
      View Details
    • $199,000
      1,360 SF

      Sanford Storefront - Prime Location

      1,360 SF Office/Retail, $199,000
      1204 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $179,900
      Pending

      Sanford Mixed-Use Property For Sale

      Mixed-use property in Sanford, close to downtown and airport.
      1006 S Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $2,000,000
      5,670 SF

      Downtown Sanford Historic Brick Building

      Renovated mixed-use building in Sanford's Historic District.
      108 S Park Ave, Sanford, FL 32771
      View Details
    • $395,000
      1,320 SF

      Turnkey Sanford Convenience Store Opportunity

      Fully operational convenience store with real estate and inventory included.
      1805 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details
    • $299,000
      1,332 SF

      Sanford Mixed-Use Commercial Opportunity

      Versatile 1,688 SF commercial space in Sanford, Florida.
      1013 Historic Goldsboro Blvd, Sanford, FL 32771
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo
      780 SF

      Downtown Sanford Retail Space Available

      780 SF retail space in the heart of Sanford.
      500 Sanford Ave, Sanford, FL 32771
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near High-Traffic Road

      Retail space with ample parking in high-income area.
      5600 W State Road 46, Sanford, FL 32771
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Seminole Mall

      Retail space available at Seminole Town Center entrance.
      110 Towne Center Blvd, Sanford, FL 32771
      View Details
    • $16 SF/Yr
      22,290 SF

      Sanford Retail Showroom Space

      Prime Sanford location, flexible suites available.
      315 Monroe Rd, Sanford, FL 32771
      View Details
    • $16 SF/Yr
      21,250 SF

      Sanford Retail Space For Rent

      21,250 SF retail space available in Sanford, Florida.
      351 Monroe Rd, Sanford, FL 32771
      View Details
    • Contact for pricing
      8,782 SF

      Sanford Retail Space on Corner

      Retail space on 2.57 acres at lighted intersection.
      20 Towne Center Cir, Sanford, FL 32771
      View Details
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    Sanford, FL 32771-9246
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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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