Freestanding Auto Service
New
For Sale
Contact for pricing
1675 E SEMORAN BLVD, Apopka, FL 32703
Single-tenant facility under an absolute NNN lease with no landlord responsibilities.
Property Size4,550 SF
Price / SF$626.37
Days on Market4
Property Features for 1675 E SEMORAN BLVD
General Information
Standard status
Active
Size
4,550 SF
Property subtype
RETAIL
Site & Location
Traffic Count
55,300 vehicles/day
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Legacy Real Estate Advisors
(248) 892-9691
Listed By:
Rami Gulli · License ###6501453450
(248) 892-9691
Source:
Moodyscre
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 21 at 4:53AM
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 Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is a 4,550-square-foot, freestanding automotive service facility occupied by a single tenant. Its absolute NNN lease structure assigns zero landlord responsibilities, providing a clearly defined ownership framework.
Located at 1675 E Semoran Blvd in Apopka, Florida, the site receives exposure to approximately 55,300 vehicles per day. The surrounding retail corridor includes Walmart, ALDI, CVS, and Pizza Hut. Within a 1-mile radius, the property serves an area with more than 10,300 residents, while the 3-mile radius includes over 68,100 residents and 23,300 daytime employees. Population within 1 mile is projected to grow 1.90% over the next 5 years.
Located at 1675 E Semoran Blvd in Apopka, Florida, the site receives exposure to approximately 55,300 vehicles per day. The surrounding retail corridor includes Walmart, ALDI, CVS, and Pizza Hut. Within a 1-mile radius, the property serves an area with more than 10,300 residents, while the 3-mile radius includes over 68,100 residents and 23,300 daytime employees. Population within 1 mile is projected to grow 1.90% over the next 5 years.
Key Highlights
- 4,550‑square‑foot freestanding automotive service facility
- Absolute NNN lease with zero landlord responsibilities
- Approximately 55,300 vehicles pass the site daily on Semoran Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,348
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,786,960
$1.8M
Cap Rate 7%
$1,276,400
$1.3M
Cap Rate 9%
$992,756
$992.8K
Market Conditions
NOI Build-Up for 4,550 SF
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.
Gross rent
$132.1K $29.04/SF
− Vacancy
−$4.5K −$0.99/SF
EGI
$127.6K $28.05/SF
− OpEx
−$38.3K −$8.42/SF
NOI
$89.3K $19.64/SF
Area
Orange County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,786,960
Cap Rate 7%
$1,276,400
Cap Rate 9%
$992,756
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,348 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$363.1K
$317.7K – $423.6K
NOI $25,417 @ 7.0% cap · market cap 0.89%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,636 @ 7.0% cap · market cap 3.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
55,300 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
262k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Shops & Services 29%
Dining 21%
Groceries 11%
Ross Dress for Less
Apparel
42,955 visits/mo
0.4 miles
Marshalls
Apparel
39,581 visits/mo
0.4 miles
Aldi
Groceries
28,334 visits/mo
0.2 miles
Five Below
Shops & Services
25,565 visits/mo
0.5 miles
Culver's
Dining
19,881 visits/mo
0.2 miles
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Majestic Auto Care — 777 Piedmont Wekiwa Rd, Apopka, FL 32703
- IRON AUTO CENTER — 1000 E Semoran Blvd, Apopka, FL 32703
- ALTERNATIVE TRANSMISSION OF APOPKA INC — 918 S Orange Blossom Trail, Apopka, FL 32703
- Fame towing LLC — 506 lake bridge ln, apopka, fl 32703
- J&K automotive inc — 1012 E Semoran Blvd, Apopka, FL 32703
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant facility under an absolute NNN lease with no landlord responsibilities.
Where is this auto shop located?
The property is located at 1675 E SEMORAN BLVD Apopka, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 4,550‑square‑foot freestanding automotive service facility; Absolute NNN lease with zero landlord responsibilities; Approximately 55,300 vehicles pass the site daily on Semoran Boulevard
