Shopping Center with Diverse Tenant
For Sale
$2,300,000
1007 W State Rd 434, Winter Springs, FL 32708
Multi-tenant plaza combines retail, service, food, and childcare businesses in Winter Springs.
Property Size8,729 SF
Price / SF$263.49
Days on Market48
Property Features for 1007 W State Rd 434
General Information
Standard status
Active
Size
8,729 SF
Occupancy
100%
Additional Details
Gross Income
$120,000
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
SUNSET INTERNATIONAL REALTY INC
Listed By:
Hung Pham · License #3044444
(407) 491-3420
Source:
Livewelltampabay
Added: Aug 30
Changed: Sep 15
Last Checked: Oct 7 at 3:15PM
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 SUNSET INTERNATIONAL REALTY INC
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Investment Insights
Based on property information with market context.
This shopping center contains 8,729 square feet and was built in 1983. The plaza accommodates a varied group of commercial users, including a barber shop, daycare, convenience store, pizza business, computer repair operation, karate studio, and smoke shop.
The property is located at 1007 W State Rd 434 in Winter Springs, Florida 32708. Its tenant composition spans personal services, food service, retail, childcare, and specialty businesses, creating a broad commercial mix within one retail property.
The property is located at 1007 W State Rd 434 in Winter Springs, Florida 32708. Its tenant composition spans personal services, food service, retail, childcare, and specialty businesses, creating a broad commercial mix within one retail property.
Key Highlights
- 8,729‑square‑foot shopping center built in 1983
- Tenant mix includes barber shop, daycare, convenience store, and pizza business
- Additional occupants include computer repair, karate, and smoke shop businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,410
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,428,200
$3.4M
Cap Rate 7%
$2,448,714
$2.4M
Cap Rate 9%
$1,904,556
$1.9M
Market Conditions
NOI Build-Up for 8,729 SF
Gross rent
$253.5K $29.04/SF
− Vacancy
−$8.6K −$0.99/SF
EGI
$244.9K $28.05/SF
− OpEx
−$73.5K −$8.42/SF
NOI
$171.4K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,428,200
Cap Rate 7%
$2,448,714
Cap Rate 9%
$1,904,556
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.86M
NOI $171,410 @ 7.0% cap · market cap 7.45%
Second Best
Specialty Retail
$2.40M
$2.10M – $2.81M
NOI $168,347 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,882 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
44k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Apparel 30%
Shops & Services 15%
Dining 3%
Winn-Dixie
Groceries
22,837 visits/mo
0.3 miles
Goodwill
Apparel
13,136 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
2,470 visits/mo
0.5 miles
Cash America Pawn
Shops & Services
2,267 visits/mo
0.5 miles
Jackson Hewitt Tax Service
Shops & Services
1,672 visits/mo
0.2 miles
Demographics for 32708, FL
47,045
Population
20,348
Households
2.3
Avg Household Size
41
Median Age
47%
College-Educated
96%
High-School Grad
18.5 sq mi
ZIP Area
2,543
Density / Sq Mi
$87,889
Median Household Income
$50,361
Median Earnings
$1,782
Median Rent
$352,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant plaza combines retail, service, food, and childcare businesses in Winter Springs.
Where is this shopping center located?
The property is located at 1007 W State Rd 434 Winter Springs, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8,729‑square‑foot shopping center built in 1983; Tenant mix includes barber shop, daycare, convenience store, and pizza business; Additional occupants include computer repair, karate, and smoke shop businesses
