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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    700 Martin Luther King Jr Blvd Sanford, FL 32771-9531

    • Manufacturing properties
    • 13,422 SF
    • 4.04 lot acres
    OFF-MARKET
    Value Estimations
    $2,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5248891
    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

    • Critical Disposables Inc / Medical Supply Store

    Property Details for 700 Martin Luther King Jr Blvd

    Year built
    1992
    Construction
    CONCRETE
    Lot size
    4.04 lot acres
    Property size
    13,422 SF
    Property type
    Manufacturing properties
    APN
    26-19-30-5AE-4500-0000
    APU
    2619305AE45000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,657,000
      Market price range: $1.00M - $3.28M
      AI Estimate
      $2,657,000
      Market price range: $1.00M - $3.28M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,690,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,980,000
      Change: +77% Conversion: Difficult
      OFFICE BUILDING
      $2,180,000
      Change: +29% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,130,000
      Change: +26% Conversion: Easy
      RETAIL STORES
      $1,860,000
      Change: +10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.3026
    Latitude
    28.8057
    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
    $31,250
    $0.00
    $0.00
    $2,086,122
    -
    $857,738
    $1,228,384
    $2,086,122

    Comparable in this City

    • Value Estimation
      $10,020,000
      84,359 SF

      3400 Saint Johns Pkwy

      MANUFACTURING (LIGHT) • 84,359 SF
      3400 Saint Johns Pkwy, Sanford, FL 32771-6769
      View Details
    • Value Estimation
      $3,475,000
      34,229 SF

      2325 Airport Blvd

      MANUFACTURING (LIGHT) • 34,229 SF
      2325 Airport Blvd, Sanford, FL 32771-3004
      View Details
    • Value Estimation by Request
      1,200 SF

      2901 Celery Ave

      MANUFACTURING (LIGHT) • 1,200 SF
      2901 Celery Ave, Sanford, FL 32771-8473
      View Details
    • Value Estimation
      $2,950,000
      20,532 SF

      800 Central Park Dr

      MANUFACTURING (LIGHT) • 20,532 SF
      800 Central Park Dr, Sanford, FL 32771-6640
      View Details
    • Value Estimation
      $925,000
      6,000 SF

      100 Commerce Way

      MANUFACTURING (LIGHT) • 6,000 SF
      100 Commerce Way, Sanford, FL 32771-3098
      View Details
    • Value Estimation by Request
      1,500 SF

      1980 Dolgner Pl Ste, Unit 1040

      MANUFACTURING (LIGHT) • 1,500 SF
      1980 Dolgner Pl Ste, Sanford, FL 32771-9231
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      SR 46 Sanford Commercial Land

      Prime Sanford commercial land, ideal for auto uses.
      3550 Fl-46, Sanford, FL 32771
      View Details
    • $850,000
      1.40 Acres

      Sanford Industrial Land - $850K

      1.4-acre industrial lot, Sanford, FL. Build-to-suit potential.
      918 Persimmon Ave, Sanford, FL 32771
      View Details
    • $750,000
      1.00 Acre

      Sanford Commercial Land Investment

      High-dry 1-acre lot, prime location.
      1199 Upsala Rd, Sanford, FL 32771
      View Details
    • $6,000,000
      37,800 SF

      Sanford Industrial Park Investment

      10-Building Warehouse Portfolio, High ROI
      3650-3735 Naseem Ln, Sanford, FL 32771
      View Details
    • Contact for pricing
      116,500 SF

      Sanford Warehouse and Office Buildings

      Five warehouse/office buildings with highway frontage and easy I-4 access.
      Church St And Monroe Rd, Sanford, FL 32771
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    • $6,000,000
      37,800 SF

      Sanford Industrial Park Investment Opportunity

      Fully leased industrial park near Sanford Airport with investment options.
      3650-3735 Naseem Ln, Sanford, FL 32771
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      215,177 SF

      I-4 Beltway Logistics Center

      Class A Industrial Space Available
      3205 St Johns Pkwy, Sanford, FL 32771
      View Details
    • Contact for pricing
      215,177 SF

      Premier Class A Industrial Development

      Class A industrial park in Sanford with modern logistics features.
      3503 St. Pkwy John's, Sanford, FL 32771
      View Details
    • $13 SF/Yr
      16,190 SF

      Sanford Flex Warehouse Space

      Flex warehouse unit available in July 2024.
      130 Tech Dr, Sanford, FL 32771
      View Details
    • $2,286 /Mo
      2,385 SF

      Flex Space Available For Rent

      Flex space available for rent, 1,980 SF, coming April 2025.
      1210 Central Park Dr, Sanford, FL 32771
      View Details
    • Contact for pricing
      40,000 SF

      Sanford Warehouse with Modernized Facade

      40,000 SF Sanford warehouse featuring upgraded roof and facade.
      511-531 Codisco Way, Sanford, FL 32771
      View Details
    • $14 SF/Yr
      3,750 SF

      Sanford Warehouse/Industrial Space Available

      Office/warehouse buildings with easy access to I-4 and US Hwy 17-92.
      4150-4186 Incubator Ct, Sanford, FL 32771
      View Details
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    700 Martin Luther King Jr Blvd
    Sanford, FL 32771-9531
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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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