New Retail Property For
For Sale
Contact for pricing
1340-1348 & 1358-1398 S Narcoossee Rd, Saint Cloud, FL 34771
Newly constructed retail property with stable cashflow and upside.
Property Size55,396 SF
Price / SF$527.44
Days on Market128
Property Features for 1340-1348 & 1358-1398 S Narcoossee Rd
General Information
Standard status
Active
Size
55,396 SF
Property subtype
Retail
Listing Agency:
Ripco Real Estate
(727) 452-6864
Listed By:
Ari Ravi · License #SL- 3210827
Source:
Crexi
Added: Mar 27
Changed: Jul 10
Last Checked: Jul 31 at 3:46PM
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 Ripco Real Estate
Investment Insights
Based on property information with market context.
This is a newly constructed retail property encompassing approximately 55,396 square feet across six buildings. The property is subject to NNN leases, offering stable cash flow and potential for increased value.
Key Highlights
- Newly Constructed Retail Property
- Boasting ±55,396 SF of Retail Space
- 6‑Building Property
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.61M | $29.04 |
| − Vacancy | −$54.7k | −$0.99 |
| EGI | $1.55M | $28.05 |
| − OpEx | −$466.2k | −$8.42 |
| NOI | $1.09M | $19.64 |
55,396 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$15.54M
$13.60M – $18.13M
NOI $1,087,803 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.13M
$14.99M – $19.98M
NOI $1,199,046 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Mobil
Shops & Services
12,744 visits/mo
0.3 miles
Dollar General
Shops & Services
11,709 visits/mo
0.4 miles
Dunkin' Donuts
Dining
4,198 visits/mo
0.3 miles
Demographics for 34771, FL
26,503
Population
10,978
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
154.5 sq mi
ZIP Area
172
Density / Sq Mi
$101,434
Median Household Income
$48,760
Median Earnings
$1,695
Median Rent
$427,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Newly constructed retail property with stable cashflow and upside.
Where is this shopping center located?
The property is located at 1340-1348 & 1358-1398 S Narcoossee Rd Saint Cloud, FL.
What is the asking price?
The asking price for this property is $29,218,000.
What are key features of this property?
This property features: Newly Constructed Retail Property; Boasting ±55,396 SF of Retail Space; 6‑Building Property
