Add Listing
    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

    705 E STATE ROAD 434 Winter Springs, FL 32708

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    3.4 acres of commercial land with C-1 zoning.

    Type:Land or Vacant Lot
    Lot size:
    3.44 Acres
    Added:
    Dec 4, 2023
    Days on Market:
    874
    Last Refresh:
    Apr 5 at 9:53 pm

    Property Features for 705 E STATE ROAD 434

    General Information

    Standard status
    Active
    Lot size
    3.44 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    THOMAS NAMEY

    Listing agent THOMAS NAMEY

    Listing office APPLE REALTY

    Listing date Dec 4, 2023

    Source Corcoran

    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 APPLE REALTY

    Overview

    Commercial Development Site on 434

    This is a commercial development site featuring C-1 zoning. The property includes 400 feet of street frontage on East State Road 434 in a Winter Springs development area. The site consists of two adjacent lots being sold together, totaling 3.4 acres. The property is located on East State Road 434, east of Perkins restaurant on the corner of Hayes Road and 434. Shopping centers, home developments, churches, offices, parks, and schools are all located nearby. According to the provided information, this is one of the last tracts of undeveloped land available along 434. A Phase I Environmental Study is available. Seller financing or land lease options are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3118
    Latitude
    28.6982

    Nearby Similar for Sale

    • $499,900

      C-2 Zoned Auto Property

      Seminole County C-2 zoned property suitable for autobody and paint.
      1050 NURSERY ROAD, WINTER SPRINGS, FL 32708
      View Details
    • $150,000

      Office Pad Ready For Sale

      Entitled office pad ready for building permit.
      1020 Spring Villas Point, Winter Springs, FL 32708
      View Details
    • $499,800

      Commercial Land in Winter Springs

      Commercial land available for sale in Winter Springs, Florida.
      1050 NURSERY ROAD, WINTER SPRINGS, FL 32708
      View Details
    • $270,000
      1,182 SF

      Single-Story Townhome in Winter Springs

      End unit with new flooring and community amenities.
      426 CLUB DRIVE, WINTER SPRINGS, FL 32708
      View Details
    • $2,100,000
      3,000 SF

      Auto Sales & Repair Property

      1.24 AC property with 3,000 SF building for sale.
      1307 W SR 434, Winter Springs, FL 32708
      View Details
    • $400,000

      Cleared Land Ready to Develop

      2.72 acre lot ready for development in Winter Springs.
      835 E SR 434, WINTER SPRINGS, FL 32708
      View Details
    • $167,000
      905 SF

      Professionally Managed Office Condo

      Two-story office condo with Class A finish and elevator.
      1073 Willa Springs Dr, Winter Springs, FL
      View Details
    • Contact for pricing

      Prime Land on SR 434

      8.12 acre site with high visibility and frontage.
      434 Michael Blake Blvd, Winter Springs, FL
      View Details
    • $749,000

      Land Ready for Development

      1.52 acres, entitled for 8,400 SF medical/flex space.
      1040 Willa Springs Dr, Winter Springs, FL
      View Details
    • $749,000
      8,400 SF

      Willa Springs Commercial Land

      1.52 acres fully entitled for medical/flex space.
      Willa Springs Dr, Winter Springs, FL 32708
      View Details
    • $199,000

      Commercial Site on SR 434

      Affordable site with frontage on SR 434, suitable for retail.
      W State Rd 434, Winter Springs, FL 32708
      View Details
    • $4,900,000
      26,182 SF

      Winter Springs Industrial Property For Sale

      26,182 square foot industrial property available for purchase.
      1085 Belle Ave, Winter Springs, FL 32708
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.4 acres of commercial land with C-1 zoning.
    Where is this commercial land located?
    The property is located at 705 E STATE ROAD 434 Winter Springs, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: C‑1 Zoning for a Variety of Retail Businesses; Prime Location: **400' Street Frontage on E State Road 434**; **3.4 Acres of Land in Winter Springs Development Area**
    (407) 647-6766
    We can help!
    Listing Contact
    THOMAS NAMEY
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!