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601 27th St Sanford, FL 32773-5100

Retail properties & Spaces Google Maps
1,488 SF 2.11 ac lot Built 1999
Individually Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$695k
Range $626k – $765k (±10%)
Property ID US18-4032567

Property summary

AI-generated overview

This exceptional investment opportunity encompasses a 30,654 square foot multi-tenant, multi-building retail property situated on a generous 2.26-acre lot in the thriving downtown Sanford, Florida area. The property boasts a desirable mix of long-term tenants, including retail businesses, warehouses, and mini-storage units, maximizing the utilization of the land. The strategic location, just one block from the heavily trafficked 17-92 highway, provides excellent visibility and accessibility. Furthermore, its proximity to the Greeneway (417), Sanford International Airport, and the historic downtown Sanford district ensures high traffic volume and strong potential for future growth. The property is zoned CG-2 by the City of Sanford, offering a wide array of permitted commercial uses, providing flexibility for future development or tenant diversification. The asking price is $4,880,000, and seller financing may be available, making this an attractive proposition for investors seeking a strong return on investment in a rapidly developing market. This portfolio presents a rare chance to acquire a well-established, income-producing property with significant upside potential in a prime location. The existing tenant base provides immediate cash flow, while the flexible zoning and strategic location offer considerable long-term growth opportunities. Detailed financial information and tenant occupancy details are available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1999
Construction CONCRETE BLOCKS
Total area 1,488 SF
Lot 2.11 ac (91,999 SF)
APN 01-20-30-512-0000-0010
UPID US18-4032567

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$737k
Blend (final) Blend
$695k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $685,000 +41.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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