Shopping Center with Diverse Tenant
New
For Sale
$2,300,000
1007 W State Road 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 Market3
Property Features for 1007 W State Road 434
General Information
Standard status
Active
Size
8,729 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Gross Income
$120,000
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
SUNSET INTERNATIONAL REALTY INC
(813) 949-7444
Listed By:
Hung Pham · License #657962
Source:
Realtygroupfl
Added: Aug 29
Changed: Aug 31
Last Checked: Aug 31 at 7:47PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,410
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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 Road 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
