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

    8 E Summit St Apopka, FL 32712

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Property near hospital, suitable for assisted living or group home.

    Lot size:
    0.30 Acres

    Property Features for 8 E Summit St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.30 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Neree Augustin
    Source: Elliman

    Listing Agent: Neree Augustin

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

    Learn more

    Overview

    Apopka Healthcare Property For Sale

    This property, previously utilized as an APD/Group Home, presents an opportunity for various uses, including as an assisted living facility. Its location offers the advantage of being within walking distance of AdvanceHealth Hospital and a public school.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

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

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

    Similar Places Nearby

    Dream Lake Assisted Living

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.5111721
    Latitude
    28.6874171

    Nearby Similar for Sale

    • New
      $900,000
      1,598 SF

      High-Visibility Retail Site on Park

      Retail site in Apopka, zoned for diverse commercial uses.
      454 N Park Ave, Apopka, FL 32712
      View Details
    • $650,000
      5.11 Acres

      Turnkey Nursery on 5.11 Acres

      5.11-acre parcel with greenhouse in prime nursery area.
      1909 Haas Rd, Apopka, FL 32712
      View Details
    • $2,200,000
      6,330 SF

      Apopka Church Property on 2.73 Acres

      Versatile church property in Apopka, Florida, with sanctuary and fellowship hall.
      1250 Piedmont Wekiwa Rd, Apopka, FL 32703
      View Details
    • Contact for pricing
      1,600 SF

      Wekiva Centre

      Wekiva Centre Suite 105
      1706 Semoran Blvd, Apopka, FL 32703
      View Details
    • $55,000
      599 SF

      APOPKA, FL Retail Opportunity

      Retail space available in APOPKA, Florida.
      123 W Main St, Apopka, FL 32703
      View Details
    • $295,000
      Pending

      Renovated Duplex in Apopka, FL

      Fully renovated duplex generating reliable income in Apopka, Florida.
      1460 Marvin C Zanders Ave, Apopka, FL 32703
      View Details
    • Contact for pricing
      1,600 SF

      Apopka Medical Office Condo For Sale

      Medical Office with Great Exposure on Semoran Blvd./SR-436
      1706 Semoran Blvd, Apopka, FL 32703
      View Details
    • $895,000
      4,414 SF

      Apopka Commercial Building with Drive-Thru

      4,414 SF building with drive-thru on 1.45 AC lot.
      555 S Hunt Club Blvd, Apopka, FL 32703
      View Details
    • Contact for pricing
      55,720 SF

      Apopka Warehouse and Office Space

      55,720± SF warehouse with office space for sale in Apopka.
      2502-2544 Jmt Industrial Dr, Apopka, FL 32703
      View Details
    • $910,000

      Apopka Shell Building For Sale

      Under construction shell building suitable for medical, office, or retail.
      2775 Ocoee Apopka Rd, Apopka, FL 32703
      View Details
    • $910,000

      Shell Building in Mixed-Use Development

      New shell building suitable for office or retail in Apopka.
      2625 Ocoee Apopka Rd, Apopka, FL 32703
      View Details
    • $410,000

      Apopka Office Condo Unit

      Office condo in a well-maintained Apopka commercial property.
      1706 E Semoran Blvd, Apopka, FL 32703
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - Property near hospital, suitable for assisted living or group home.
    Where is this assisted living facility located?
    The property is located at 8 E Summit St Apopka, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Previously used as APD/Group Home and suitable for an assisted living facility.; - Walking distance to AdvanceHealth Hospital.; - Walking distance to a Public School.
    (407) 697-7020
    Request Owner's contact information
    8 E Summit St Apopka, FL 32712
    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.
    8 E Summit St
    Apopka, FL 32712
    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
    8 E Summit St Apopka, FL 32712
    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
    Neree Augustin
    Real Estate License ID: 3132330
    (407) 697-7020 (407) 495-5301
    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!