Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    811 Mills Ave Arcadia, FL 34266

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Adaptable commercial space suitable for retail, office, or service businesses.

    Lot size:
    0.48 Acres

    Property Features for 811 Mills Ave

    General Information

    Standard status
    Active
    Lot size
    0.48 Acres

    We can help!

    Listing Contact
    Savannah Zarris
    Source: Exprealty

    Listing Agency: sellstate vision realty Listing Agent: Savannah Zarris

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Commercial Property For Sale

    This commercial property is situated on just under half an acre and offers flexibility for various business uses. It features 4 dedicated parking spots with additional space available. The building includes both office space and an open layout, making it suitable for conversion into retail, professional offices, or service-based businesses. The property includes a functional kitchen area, storage space, and a bathroom. The large, well-maintained parking lot provides curb appeal and accessibility. Located in a sought-after area, this space offers visibility and convenient access.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.8533244
    Latitude
    27.2243744

    Nearby Similar for Sale

    • $4,900,000
      24,987 SF

      34-Unit Multifamily Investment Opportunity

      Income-producing 34-unit multifamily property in Arcadia, Florida.
      1450 E Gibson St, Arcadia, FL 34266
      View Details
    • $4,500,000
      136,190 SF

      Arcadia Mixed-Use Development Opportunity

      73+ acres with Hwy 31 frontage, near Fort Myers.
      6000 Highway 31 SE, Arcadia, FL 34266
      View Details
    • $260,000
      Pending

      Arcadia Duplex: Investment Opportunity

      Duplex in Arcadia, Florida, offering steady rental income potential.
      1099 SE Hargrave St, Arcadia, FL 34266
      View Details
    • $345,000
      1,968 SF

      Medical Office in Prime Location

      Turnkey medical office space near hospital with rental income.
      303 E Gibson St, Arcadia, FL 34266
      View Details
    • $975,000
      7,034 SF

      Commercial Property on Highway 17

      2.93-acre commercial property suitable for retail, office, or educational use.
      5241 Highway 17 SW, Arcadia, FL 34266
      View Details
    • $249,900
      Pending

      Riverfront Land on Peace River

      2.06-acre property with 256 feet of Peace River frontage.
      1269 NW Peace Pointe Dr, Arcadia, FL 34266
      View Details
    • $99,000

      Ice Cream Shop Business Opportunity

      Thriving ice cream shop business for sale in downtown Arcadia.
      203 W Oak St, Arcadia, FL 34266
      View Details
    • $299,000
      1,059 SF

      Versatile Commercial Property in Arcadia, FL

      Adaptable commercial space with office and open layout, prime location.
      811 N Mills Ave, Arcadia, FL 34266
      View Details
    • $3,950,000
      94,986 SF

      Arcadia Mixed-Use Opportunity on Highway

      Mixed-use property on 17 acres near major routes.
      5871 Highway 31 SE, Arcadia, FL 34266
      View Details
    • $850,000
      2.83 Acres

      Arcadia Commercial Space on Highway

      21,000+ SqFt space near Arcadia, Florida, on 2.83 acres.
      5673 Highway 31 SE, Arcadia, FL 34266
      View Details
    • $850,000
      21,003 SF

      ARCADIA, FL Mixed-Use Space

      21,000+ SqFt mixed-use space near Arcadia and major cities.
      5673 Highway 31 SE, Arcadia, FL 34266
      View Details
    • $2,610,000
      307.05 Acres

      Arcadia, FL Land Opportunity

      307.05-acre property ideal for farming and agricultural operations.
      7019 SE Pr Crk Rd, Arcadia, FL 34266
      View Details

    FAQs

    What type of property is this?
    Retail space - Adaptable commercial space suitable for retail, office, or service businesses.
    Where is this retail space located?
    The property is located at 811 Mills Ave Arcadia, FL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Versatile space suitable for retail, office, or service-based businesses.; - Prime commercial location with great visibility and convenient access.; - Ample parking with 4 dedicated spots and additional space.
    (941) 807-4304
    Request Owner's contact information
    811 Mills Ave Arcadia, FL 34266
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    811 Mills Ave
    Arcadia, FL 34266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    811 Mills Ave Arcadia, FL 34266
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Savannah Zarris
    (941) 807-4304
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.