This exceptional 1.54-acre parcel in Sanford, Florida, offers a prime location for a restaurant or QSR establishment. Boasting 7,414 square feet of space, the property enjoys exceptional visibility and direct access to major thoroughfares, including S Orlando Dr (38,564+ vehicles per day), Lake Mary Blvd (41,808+ VPD), and S Florida 417 (57,878+ VPD). Its proximity to Orlando Sanford International Airport (SFB), which served 2.9 million passengers in 2023, further enhances its appeal. The site benefits from its location adjacent to a new 230-acre mixed-use community encompassing approximately 580 single-family lots, 182 townhome units, and a brand-new Comfort Inn hotel with 110 beds. This thriving area features a significant retail presence, including over 3.5 million square feet of retail inventory within a 3-mile radius, with Seminole Centre and Lake Mary Corners attracting approximately 3.6 million and 1.8 million visitors annually, respectively. A dense residential population and a robust school district, encompassing 4,446 apartment units, 78 K-12 schools, and 66,729 students, provide a substantial customer base. Seminole State College of Florida, with approximately 24,834 students, is also nearby. This property presents a unique opportunity to capitalize on a high-traffic location within a rapidly growing community.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,832,643
6.5%
$1,691,670
7%
$1,570,836
Comparable approach
Method
Valuation
Relative Method
$2,060,297
Geo Method
$2,060,297
Alternative Use
Use
Valuation
Residential
$1,426,987
Hospitality
$1,307,112
Educational
$1,087,502
Medical
$1,124,903
Retail
$1,691,670
Location Insight
City
Sanford
County
Seminole
State
Florida
Latitude
28.7701
Longitude
-81.2796
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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