Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    530 Palmetto Ave Sanford, FL 32771-1354
    Back to Search
    Property profile & analytics

    530 Palmetto Ave, Sanford, FL 32771-1354

    View on Map
    • Assisted living facilities
    • 53,552 SF
    • 4.93 lot acres
    Off-Market
    Property ID
    US18-0836886
    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

    • Marina Isle Waterfront Assisted Living / Nursing Home / Retirement Community

    Property Details for 530 Palmetto Ave

    Year built
    1983
    Construction
    CONCRETE BLOCKS
    Lot size
    4.93 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    25-19-30-515-0000-0020
    APU
    25193051500000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 3, 2022 — Tfa IV LLC — Deed · related $130k · Mainstreet Community Bank Of Florida
    Jul 6, 2018 — Tfa IV LLC — Grant Deed · related $7.5M · Mainstreet Cmnty Bk/fl
    Apr 7, 2006 $8,500,000 Tfa IV LLC Suncor Island Properties Ltd Grant Deed $1.4M · Suncor Island Properties Ltd
    Aug 3, 1999 — Sanford Marina Hotel Corp — Grant Deed · related $1.8M · United Southern Bank

    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
    -81.266
    Latitude
    28.8165
    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
    $118,114
    $0.00
    $0.00
    $6,651,553
    -
    $0.00
    $6,651,553
    $6,651,553

    Comparable in this City

    • Value Estimation by Request
      34,020 SF

      950 Mellonville Ave

      HOMES (RETIRED, NURSING)
      950 Mellonville Ave, Sanford, FL 32771-2237
      View Details
    • Value Estimation
      $4,790,000
      34,491 SF

      1401 Magnolia Ave

      HOMES (RETIRED, NURSING)
      1401 Magnolia Ave, Sanford, FL 32771-3400
      View Details
    • Value Estimation by Request
      3,247 SF

      1401 Dixie Way

      HOMES (RETIRED, NURSING)
      1401 Dixie Way, Sanford, FL 32771-3034
      View Details
    • Value Estimation by Request
      43,395 SF

      135 Assisted Living Facility

      Retirement homes
      135 Assisted Living Facility, Sanford, FL 32771
      View Details
    • Value Estimation by Request
      19,406 SF

      4930 Lk Mary Blvd

      HOSPITAL - PRIVATE
      4930 Lk Mary Blvd, Sanford, FL 32771-5003
      View Details
    • Value Estimation by Request
      7,490 SF

      4670 International Pkwy

      Medical Office Space
      4670 International Pkwy, Sanford, FL 32771
      View Details

    Similar Nearby for Sale

    • $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
    • $740,000
      1.38 Acres

      Prime Commercial Parcel in Sanford

      1.38-acre commercial parcel with redevelopment potential in Sanford, Florida.
      1720 W 1St St, Sanford, FL 32771
      View Details
    • $2,300,000
      14,616 SF

      Sanford Retail Center - Prime Location

      Seven retail spaces, ample parking, great opportunity.
      2475 Park Ave, Sanford, FL 32771
      View Details
    • Contact for pricing
      4,930 SF

      Downtown Sanford Mixed-Use Building

      4,930 SF mixed-use building in Downtown Sanford, Florida.
      203 E 3Rd St, Sanford, FL 32771
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near High Traffic Area

      Highly visible retail space near major retailers and transportation routes.
      4200 Symphony Cir, Sanford, FL 32771
      View Details
    • Contact for pricing

      Freestanding Retail Building in Sanford

      Prime retail opportunity near Walmart with high traffic volume.
      2821 W 25Th St, Sanford, FL 32771
      View Details
    • Contact for pricing
      56,124 SF

      Sanford Logistics Center Warehouse Space

      Newly developed industrial warehouse facility in Lake Mary/Sanford submarket.
      2152 Martin Luther King Jr Blv, Sanford, FL 32771
      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.
    530 Palmetto Ave
    Sanford, FL 32771-1354
    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
    530 Palmetto Ave, Sanford, FL, 32771
    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!