312 1St StSanford, FL 32771

  • Office buildings
  • 58,842 SF
For Lease
$34/SF/YR View listing

Property Details for 312 1St St

Year built
1974
Construction
CONCRETE
Lot size
2.05 AC
Property size (Sq ft)
58,842 SF
Property type
Office buildings
APN
25-19-30-5AG-0206-0010
APU
2519305AG02060010

Description

This exceptional Class A office space, located at 312 W 1st St in Sanford, Florida's vibrant Downtown submarket, offers 1,697 square feet of meticulously maintained executive office suites on the 5th floor of a six-story building. Built in 1974 and extensively renovated in 2016, the property boasts a total of 51,634 square feet within a single building situated on a 2.05-acre lot. The suite features a welcoming reception area and a convenient conference room, providing breathtaking views of the Sanford cityscape. Amenities include a shared kitchen and break room, ensuring employee comfort and convenience. Secure elevator access guarantees both privacy and easy accessibility for clients and staff. The space is zoned SC3 and features all utilities included in the price (water and electricity). The property's APN is 25-19-30-5AG-0206-0010. This is a multiple tenancy building. This turnkey solution is ideal for businesses seeking a prestigious and functional workspace in the heart of Downtown Sanford.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,016,121
    6.5%
    $9,245,650
    7%
    $8,585,246
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,568,532
    Geo Method
    $6,568,532
  • Alternative Use

    Use
    Valuation
    Residential
    $11,464,606
    Hospitality
    $10,501,517
    Educational
    $8,737,139
    Medical
    $9,037,623
    Retail
    $13,591,105

Location Insight

City
Sanford
County
Seminole
State
Florida
Latitude
28.8123
Longitude
-81.2706
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
$8,003
-
-
$3,307,421
-
$1,619,774
$1,687,647
$3,307,421

FAQs

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