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    3746 Plymouth Sorrento Road Apopka, FL 32712

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    For Lease
    Contact for pricing

    Plant nursery with 39 nurseries, office, and dwellings for sublet.

    Type:SCR, SPEC-OTH
    Property size:
    900 SF
    Lot size:
    10.00 Acres
    Added:
    Dec 12, 2024
    Days on Market:
    483
    Last Refresh:
    Apr 3 at 4:54 am

    Property Features for 3746 Plymouth Sorrento Road

    General Information

    Standard status
    Active
    Size
    900 SF
    Lot size
    10.00 Acres
    Property subtype
    SCR, SPEC-OTH

    Building Details

    Year Built
    1950

    Spaces For Lease

    at 3746 Plymouth Sorrento Road Contact us

    We can help!

    Listing Contact
    Peter Lopez

    Listing agent Peter Lopez License #3274805

    Listing office La Rosa Realty, LLC

    Listing date Dec 12, 2024

    Source Realnex

    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 La Rosa Realty, LLC

    Overview

    Plant Nursery Opportunity Near SR 429

    This property presents an opportunity for a plant nursery operator, situated minutes from SR 429 and SR 441. The property encompasses over 10 acres of land and features a total of 39 nurseries, a loading dock, interior packaging and storage areas. It includes a 15x60 air-conditioned office building with a separate customer reception area. The site is equipped with its own water well and pump systems, along with a separate nursery that includes an employee bathroom. The lease offering includes two single-family home dwellings by the entrance that can be sublet. This location is suitable for an experienced or aspiring plant wholesaler operator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nursery and garden centers

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Storage Facility Electrical Service Grocery & Convenience Store Computer & Electronic Repair Garden Center Catering Service

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

    Similar Places Nearby

    • Roseville Farms (Clematis Plants) — 3251 N Ponkan Pines Rd, Apopka, FL 32712
    • Erinon Nursery — 3250 Plymouth Sorrento Rd, Apopka, FL 32712
    • Hello Organics — 3330 Plymouth Sorrento Rd, Apopka, FL 32712
    • Ponkan Pines Nursery,Inc. — 3100 N Ponkan Pines Rd, Apopka, FL 32712
    • Tran-Trex Foliage — 3515 W Ponkan Rd, Apopka, FL 32712

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.5618847
    Latitude
    28.738825

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    FAQs

    What type of property is this?
    Nursery and garden center - Plant nursery with 39 nurseries, office, and dwellings for sublet.
    Where is this nursery and garden center located?
    The property is located at 3746 Plymouth Sorrento Road Apopka, FL.
    What are key features of this property?
    This property features: 39 nurseries on over 10 acres, ideal for a plant nursery operator; Strategic location minutes from SR 429 and SR 441; Two single‑family homes at the entrance that can be sublet for additional income
    (407) 910-2168
    We can help!
    Listing Contact
    Peter Lopez
    Real Estate License ID: 3274805
    Learn More
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    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
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