Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    811 N MILLS AVENUE Arcadia, FL 34266

    View on Map
    Claim this Listing
    For Sale
    $299,000

    Office - ARCADIA, FL

    Type:Office
    Property size:
    1,059 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $282/SF
    Added:
    Dec 10, 2024
    Days on Market:
    504
    Last Refresh:
    Apr 28 at 4:06 pm

    Property Features for 811 N MILLS AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    RPB
    Exterior features
    Paved
    Standard status
    Active
    APN
    30-37-25-0168-00F0-0160
    Size
    1,059 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1875

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Savannah Zarris

    Listing agent Savannah Zarris License #3368631

    Listing office SELLSTATE VISION REALTY 2705 Tamiami Trail 313, Punta Gorda, FL

    Listing date Dec 10, 2024

    MLS# C7501652 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Property in Arcadia, FL

    This commercial property, located in a sought-after area of Arcadia, Florida, is situated on just under half an acre. The building offers flexibility for various business uses, featuring both office space and an open layout, making it suitable for conversion into retail, professional offices, or service-based businesses. The property includes 4 dedicated parking spots with additional space available. The building also features a functional kitchen area, storage space, and a bathroom. The property is move-in ready and can be adapted to suit specific needs. The large, well-maintained parking lot provides curb appeal and accessibility. The property offers great visibility and convenient access, positioning a business for success. The property size is 1059 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.853321
    Latitude
    27.224369

    Nearby Similar for Sale

    • $975,000
      7,034 SF

      Arcadia Commercial Property on Highway

      2.93-acre commercial property with two buildings totaling 7,034 SF.
      5241 SW HIGHWAY 17, ARCADIA, FL 34266
      View Details
    • $85,000

      Arcadia Ice Cream Shop Business

      Thriving ice cream shop business opportunity in historic downtown Arcadia.
      203 W OAK STREET, ARCADIA, FL 34266
      View Details
    • $4,900,000
      24,987 SF

      Arcadia Multifamily Investment Opportunity

      34-unit multifamily community with value-add potential in Arcadia, Florida.
      1450 E GIBSON STREET, ARCADIA, FL 34266
      View Details
    • $4,500,000
      136,190 SF

      Arcadia Mixed-Use Development Opportunity

      73+ acres with Hwy 31 frontage, near Fort Myers.
      6000 SE HWY 31, ARCADIA, FL 34266
      View Details
    • $299,900
      1,968 SF

      Arcadia Medical/Professional Office For Sale

      Well-located medical/professional office in Arcadia's medical district.
      303 E GIBSON STREET, ARCADIA, FL 34266
      View Details
    • $376,000
      2,192 SF

      Arcadia Commercial Property For Sale

      Commercial property on just under 1 acre, endless possibilities.
      2721 SE HIGHWAY 31, ARCADIA, FL 34266
      View Details
    • $300,000
      3,404 SF

      Versatile Commercial Property with Pool

      3,404 SF property suitable for office, clinic, or residential conversion.
      721 N ROBERT AVENUE, ARCADIA, FL 34266
      View Details
    • $6,800,000

      Arcadia Apartments: H2A Housing Opportunity

      Specialized income-producing asset for H2A agricultural worker housing.
      111 JORDAN Ave, Arcadia, FL 34266
      View Details
    • $700,000
      15,840 SF

      Corner Retail Buildings and Parking

      Two retail buildings and a parking lot for sale.
      34 W OAK STREET, ARCADIA, FL 34266
      View Details
    • $850,000

      Arcadia Commercial Space on Highway

      21,000+ SqFt space near Arcadia, Florida, on 2.83 acres.
      5673 SE Highway 31, Arcadia, FL 34266
      View Details
    • $2,999,990
      31,080 SF

      Historic Arcadia Mixed-Use Landmark

      Landmark building with apartments, retail, restaurants, and office spaces.
      101 W OAK STREET, ARCADIA, FL 34266
      View Details
    • $1,700,000
      15,555 SF

      Arcadia Commercial Building For Sale

      15,555 SF commercial building in high-traffic downtown corridor.
      14 W Hickory St, Arcadia, FL 34266
      View Details

    FAQs

    What type of property is this?
    Office units - Adaptable commercial space with office and open layout, prime location.
    Where is this office units located?
    The property is located at 811 N MILLS AVENUE Arcadia, FL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Versatile space suitable for retail, offices, or service‑based businesses.; Excellent location with great visibility and convenient access.; Ample parking with 4 dedicated spots and additional space.
    (941) 807-4304
    We can help!
    Listing Contact
    Savannah Zarris
    Real Estate License ID: 3368631
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!