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

    1001 Red Bug Lake Rd Casselberry, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding building with high visibility and ample parking.

    Type:RETAIL
    Property size:
    3,716 SF
    Lot size:
    0.49 Acres
    Added:
    Dec 20, 2022
    Days on Market:
    1232
    Last Refresh:
    Apr 5 at 10:24 pm

    Property Features for 1001 Red Bug Lake Rd

    General Information

    Standard status
    Active
    Size
    3,716 SF
    Lot size
    0.49 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    John Dottore
    John Dottore

    Listing agent John Dottore License #BK538809

    Listing office Atlantic Retail | Orlando

    Listing date Dec 20, 2022

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Retail | Orlando

    Overview

    Freestanding Building on Red Bug

    This is a freestanding building, formerly a bank branch, offering 3,716 square feet of space. The property includes 30 parking spaces. It presents a highly visible site with an average daily traffic count exceeding 98,000. The property allows for up to 5,500 square feet to be built. It is located on Red Bug Lake Road in Casselberry, Florida. The property is suitable for banks, credit unions, and medical facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Discount Tire Repair ... General Contractor

    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
    Casselberry
    County
    Seminole
    State
    Florida
    Longitude
    -81.3221
    Latitude
    28.6465

    Nearby Similar for Sale

    • $695,000
      4,040 SF

      Casselberry Quadruplex Investment Opportunity

      Four detached rental homes on 0.85 acres in Casselberry.
      454 LAKEPORT COVE, CASSELBERRY, FL 32707
      View Details
    • $629,000
      1,700 SF

      Versatile Flex Space Warehouse

      Flex space warehouse with office, storage, and high ceilings.
      201 REECE WAY, CASSELBERRY, FL 32707
      View Details
    • $340,900
      924 SF

      Casselberry Mixed-Use Investment Opportunity

      Mixed-use property with redevelopment potential on a 0.36-acre lot.
      82 CONCORD DRIVE, CASSELBERRY, FL 32707
      View Details
    • $629,000
      800 SF

      Versatile Flex Space Warehouse

      Flex space with easy access to major highways.
      201 REECE Way 1425, Casselberry, FL 32707
      View Details
    • $99,000

      Turnkey Nail Salon Opportunity

      Fully equipped nail salon for sale on busy Semoran Blvd.
      865 FL-436, CASSELBERRY, FL 32707
      View Details
    • $11,750,000
      83,520 SF

      Casselberry Corporate Center Office Space

      Class A office building with recent upgrades and strong tenant mix.
      1211 STATE ROAD 436, CASSELBERRY, FL 32707
      View Details
    • $649,900
      800 SF

      Versatile Flex Space Warehouse

      Flex space with easy access to major highways.
      201 REECE WAY #1425, CASSELBERRY, FL 32707
      View Details
    • $695,000

      Casselberry Income Property Opportunity

      Four detached homes on 0.85 acres with income potential.
      454 LAKEPORT Cv, Casselberry, FL 32707
      View Details
    • $1,200,000

      Casselberry Commercial Building For Sale

      Freestanding building in Casselberry, Florida, with commercial general zoning.
      940 Winter Park Dr, Casselberry, FL 32707
      View Details
    • $345,900
      924 SF

      Casselberry Commercial Property For Sale

      Commercial property available in Casselberry, Florida.
      82 CONCORD DRIVE, CASSELBERRY, FL 32707
      View Details
    • $179,900
      1,126 SF

      Casselberry Condo with Community Amenities

      Charming 2-bedroom condo with pool, fitness center, and clubhouse.
      604 KENWICK CIRCLE 202, CASSELBERRY, FL 32707
      View Details
    • $190,000
      1,120 SF

      Lake Howell Arms Condo

      Condo with lake access, private courtyard, and modern updates.
      120 GEORGETOWN DRIVE, CASSELBERRY, FL 32707
      View Details

    FAQs

    What type of property is this?
    Bank - Freestanding building with high visibility and ample parking.
    Where is this bank located?
    The property is located at 1001 Red Bug Lake Rd Casselberry, FL.
    What are key features of this property?
    This property features: Freestanding building with 30 parking spaces; Highly visible site with over 98,000 ADT; Up to 5,500 SF buildable
    (407) 919-6575 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Dottore
    John Dottore
    Real Estate License ID: BK538809
    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

    Thank You for Inquiry
    1001 Red Bug Lake Rd, Casselberry, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!