Retail Property Near The
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3295 US-441, Fruitland Park, FL
Retail property located near national retailers and The Villages.
Property Size6,722 SF
Lot Size0.65 Acres
Price / SF$287.86
Days on Market632
Property Features for 3295 US-441
General Information
Standard status
Active
Size
6,722 SF
Lot size
0.65 Acres
Property subtype
RETAIL
Listing Agency:
STNL Development
(689) 666-9550
Listed By:
Nash Williams · License #SL3477920
Source:
Moodyscre
Added: Nov 28, 2024
Changed: Aug 10
Last Checked: Aug 21 at 2:19PM
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 STNL Development
Investment Insights
Based on property information with market context.
This 6,722 square foot retail property is located on a 0.71 acre parcel at a hard corner with a lighted intersection on the main thoroughfare in Fruitland Park, SR 441/US-27. The property is situated 1 minute from national retailers Wal-Mart and Aldi, and 8 minutes from The Villages, the largest retirement community in the country.
Key Highlights
- Hard corner location at a lighted intersection on the main thoroughfare (SR 441/US‑27).
- Proximity to national retailers Wal‑Mart and Aldi (1 minute).
- Located in Fruitland Park on a 0.71 acre parcel.
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
$79,531
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
4.11%
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%
$1,590,620
$1.6M
Cap Rate 7%
$1,136,157
$1.1M
Cap Rate 9%
$883,678
$883.7K
Market Conditions
NOI Build-Up for 6,722 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
$121.0K $18.00/SF
− Vacancy
−$7.4K −$1.10/SF
EGI
$113.6K $16.90/SF
− OpEx
−$34.1K −$5.07/SF
NOI
$79.5K $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%
$1,590,620
Cap Rate 7%
$1,136,157
Cap Rate 9%
$883,678
Alternative Uses
Best Use
Retail
$1.14M
$994.1K – $1.33M
NOI $79,531 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,902 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Circle K
Shops & Services
11,967 visits/mo
0.0 miles
Family Dollar
Shops & Services
5,461 visits/mo
0.1 miles
Little Caesars Pizza
Dining
2,779 visits/mo
0.0 miles
FedEx Office Print & Ship Center
Shops & Services
1,530 visits/mo
0.3 miles
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 property - Retail property located near national retailers and The Villages.
Where is this retail property located?
The property is located at 3295 US-441 Fruitland Park, FL.
What is the asking price?
The asking price for this property is $1,935,000.
What are key features of this property?
This property features: Hard corner location at a lighted intersection on the main thoroughfare (SR 441/US‑27).; Proximity to national retailers Wal‑Mart and Aldi (1 minute).; Located in Fruitland Park on a 0.71 acre parcel.
