Highway-Fronted Storefront
New
For Sale
$765,000
1035 W HIGHWAY 50, Clermont, FL 34711
C-2-zoned commercial space with frontage along Clermont’s Highway 50 corridor.
Property Size2,840 SF
Price / SF$269.37
Days on Market2
Property Features for 1035 W HIGHWAY 50
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Commercial
Zoning
C-2
Taxes and HOA fees
Annual Taxes
$4,362
Building Details
Building Size
2,840 SF
Year Built
1959
Units
1
Listing Agency:
(678) 873-4463
Listed By:
Jerry Agan · License #3336948
(678) 873-4463
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 7:09AM
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 Jerry Agan
Investment Insights
Based on property information with market context.
This storefront property at 1035 W Highway 50 in Clermont contains approximately 2,840 square feet and dates to 1959. C-2 zoning supports retail, professional, and other commercial applications, providing flexibility for an owner-user or business operation.
The property fronts Highway 50 within Clermont’s commercial corridor and is positioned in a highly visible setting described as carrying substantial daily traffic. Walk Score is 72, rated Very Walkable, while Bike Score is 45, rated Somewhat Bikeable. The site offers a street-facing commercial presence along a major local route.
The property fronts Highway 50 within Clermont’s commercial corridor and is positioned in a highly visible setting described as carrying substantial daily traffic. Walk Score is 72, rated Very Walkable, while Bike Score is 45, rated Somewhat Bikeable. The site offers a street-facing commercial presence along a major local route.
Key Highlights
- Approximately 2,840 square feet of commercial space
- C‑2 zoning for retail, professional, and commercial uses
- Frontage along Highway 50 in Clermont
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
$33,601
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
4.39%
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%
$672,020
$672.0K
Cap Rate 7%
$480,014
$480.0K
Cap Rate 9%
$373,344
$373.3K
Market Conditions
NOI Build-Up for 2,840 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
$51.1K $18.00/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$48.0K $16.90/SF
− OpEx
−$14.4K −$5.07/SF
NOI
$33.6K $11.83/SF
Area
Lake County, FL
Vacancy
6.10%
Lease Rate
$18.00 /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%
$672,020
Cap Rate 7%
$480,014
Cap Rate 9%
$373,344
Alternative Uses
Best Use
Retail
$480.0K
$420.0K – $560.0K
NOI $33,601 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$808.2K
$707.2K – $942.9K
NOI $56,573 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Home Improvements & Furnishings 33%
Shell
Shops & Services
11,856 visits/mo
0.2 miles
Hilltop Ace Hardware
Home Improvements & Furnishings
7,646 visits/mo
0.2 miles
Citgo
Shops & Services
3,435 visits/mo
0.1 miles
Demographics for 34711, FL
67,980
Population
28,127
Households
2.4
Avg Household Size
45
Median Age
36%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
1,734
Density / Sq Mi
$88,474
Median Household Income
$46,456
Median Earnings
$1,817
Median Rent
$369,900
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.
Similar Off Market Nearby
- Lulus Craft Creation — 639 8th St Ste 3, Clermont, FL 34711
- Katherines Florist — 677 State Rte 50, Clermont, FL 34711
Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned commercial space with frontage along Clermont’s Highway 50 corridor.
Where is this storefront property located?
The property is located at 1035 W HIGHWAY 50 Clermont, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Approximately 2,840 square feet of commercial space; C‑2 zoning for retail, professional, and commercial uses; Frontage along Highway 50 in Clermont
