Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    945 City Plaza Way, Unit 1001 Oviedo, FL 32765

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a mixed-use community in Oviedo.

    We can help!

    Listing Contact
    Gavin Walsh
    Source: Atlanticretail

    Listing Agent: Gavin Walsh

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

    Learn more

    Overview

    Retail Space in Oviedo, Florida

    Located in Oviedo, Florida, this retail space is situated within a high-end mixed-use community. The surrounding area includes 554 apartments and 193 luxury townhomes. The location benefits from a traffic flow of approximately 32,000 vehicles per day on E. Mitchell Hammock Drive.
    Location Intelligence

    Current Use by Public Records

    Bright Smile Dental ... Dental Office 407 Cafe Salon Hair Salon Rethink Food and Drink ... Restaurant 407 Cafe (Oviedo) Cafe & Coffee Shop Discounted and Quick Recovery ... Auto Repair Shop

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.2038605
    Latitude
    28.6575391

    Nearby Similar for Lease

    • $640 /Mo
      347 SF

      Office Space in Oviedo Oasis

      Shared or subleased office space for holistic businesses.
      1750 W Broadway St, Oviedo, FL 32765
      View Details
    • New
      $1,995 /Mo
      Pending

      New Oviedo Mixed-Use Space

      Brand-new office/retail space in a vibrant, high-traffic location.
      415 Mike Roberto Way, Oviedo, FL 32765
      View Details
    • $1,995 /Mo
      613 SF

      New Oviedo Office/Retail Space

      Customizable office or retail space in a vibrant, high-traffic location.
      413 Mike Roberto Way, Oviedo, FL 32765
      View Details
    • Contact for pricing

      Medical/Office Space in Oviedo, FL

      2,134 SF medical/office space with multiple rooms and features.
      3607 Aloma Ave, Oviedo, FL 32765
      View Details
    • Contact for pricing
      586,237 SF

      Oviedo Mall Retail and Medical Space

      Retail and medical spaces available in Oviedo Mall with many amenities.
      1700 Oviedo Mall Blvd, Oviedo, FL 32765
      View Details
    • $9,600 /Mo

      Office Sublease in Oviedo

      Private office space available for sublease in Oviedo, Florida.
      120 Alexandria Blvd, Oviedo, FL 32765
      View Details
    • $34 SF/Yr
      1,319 SF

      Medical Office Space in Oviedo

      Class A medical office space near Oviedo Medical Center.
      8300 Red Bug Lake Rd, Oviedo, FL 32765
      View Details
    • Contact for pricing

      Move-in Ready Oviedo Medical Office

      Turnkey 2,929 SF medical office space for lease.
      1300 City View Ctr, Oviedo, FL 32765
      View Details
    • $17,400 /Mo

      Versatile Warehouse with Office Space

      Warehouse and office space near 417 Expressway, Oviedo, Florida.
      431 Aulin Ave, Oviedo, FL 32765
      View Details
    • $36,000

      Class A Oviedo Office Space

      Class A office space near Oviedo Medical Center available for lease.
      220 Alafaya Woods Blvd, Oviedo, FL 32765
      View Details
    • Contact for pricing
      2,929 SF

      Turnkey Medical Office Space

      2,929 SF medical space with 15 exam rooms.
      1300 City View Ctr, Oviedo, FL 32765
      View Details
    • Contact for pricing
      6,142 SF

      Retail Space in Oviedo, Florida

      6,142 SF retail space with strong tenant lineup.
      167-199 E Mitchell Hammock Rd, Oviedo, FL 32765
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a mixed-use community in Oviedo.
    Where is this retail space located?
    The property is located at 945 City Plaza Way, Unit 1001 Oviedo, FL.
    What are key features of this property?
    This property features: - Located in a high-end mixed-use community; - Features 554 apartments and 193 luxury townhomes nearby; - Located in Oviedo, Florida
    (407) 919-6970
    Request Owner's contact information
    945 City Plaza Way, Unit 1001 Oviedo, FL 32765
    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.
    945 City Plaza Way, Unit 1001
    Oviedo, FL 32765
    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
    945 City Plaza Way, Unit 1001 Oviedo, FL 32765
    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
    Gavin Walsh
    (407) 919-6970
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!