Retail Investment
For Sale
$1,602,857
109 S County Road 315, Interlachen, FL 32148
Retail property totaling 9,180 SF, offered for sale with a 6.50% CAP rate.
Property Size9,180 SF
Price / SF$174.60
Days on Market150
Property Features for 109 S County Road 315
General Information
Standard status
Active
Size
9,180 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
± 11 Years
Net Operating Income
$112,200
Additional Details
Cap Rate
6.5%
Building Details
Building Size
9,180 SF
Year Built
2007
Listed By:
Princeton Douglass · License #SL3632851 (FL)
(813) 725-2182
Source:
Matthews
Added: Apr 10
Changed: Sep 5
Last Checked: Sep 5 at 3:36AM
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 Princeton Douglass
Investment Insights
Based on property information with market context.
This retail investment property is being offered for sale and totals 9,180 SF. The listing provides an indicated 6.50% CAP rate for the asset.
The property is located at 109 S County Road 315 in Interlachen, Florida (32148).
The property is located at 109 S County Road 315 in Interlachen, Florida (32148).
Key Highlights
- Retail property for sale totaling 9,180 SF
- Listing indicates a 6.50% cap rate
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
$92,508
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
5.77%
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%
$1,850,160
$1.9M
Cap Rate 7%
$1,321,543
$1.3M
Cap Rate 9%
$1,027,867
$1.0M
Market Conditions
NOI Build-Up for 9,180 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
$146.5K $15.96/SF
− Vacancy
−$14.4K −$1.56/SF
EGI
$132.2K $14.40/SF
− OpEx
−$39.6K −$4.32/SF
NOI
$92.5K $10.08/SF
Area
Putnam County, FL
Vacancy
9.80%
Lease Rate
$15.96 /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%
$1,850,160
Cap Rate 7%
$1,321,543
Cap Rate 9%
$1,027,867
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,508 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,351 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 23%
Home Improvements & Furnishings 10%
McDonald's
Dining
17,189 visits/mo
0.2 miles
Taco Bell
Dining
8,378 visits/mo
0.3 miles
SUBWAY
Dining
6,410 visits/mo
0.3 miles
Dollar Tree
Shops & Services
6,287 visits/mo
0.3 miles
Bryan's Ace Hardware
Home Improvements & Furnishings
5,033 visits/mo
0.3 miles
Demographics for 32148, FL
10,979
Population
5,371
Households
2
Avg Household Size
45
Median Age
12%
College-Educated
78%
High-School Grad
78.1 sq mi
ZIP Area
141
Density / Sq Mi
$45,320
Median Household Income
$31,027
Median Earnings
$737
Median Rent
$87,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property totaling 9,180 SF, offered for sale with a 6.50% CAP rate.
Where is this retail space located?
The property is located at 109 S County Road 315 Interlachen, FL.
What is the asking price?
The asking price for this property is $1,602,857.
What are key features of this property?
This property features: Retail property for sale totaling 9,180 SF; Listing indicates a 6.50% cap rate
