Mixed-Use Commercial Condo

New

For Sale

$405,000

1706 E SEMORAN BLVD #116, Apopka, FL 32703

C-2 zoning and a 30-unit professional complex support a range of commercial occupancy.

Property Size1,600 SF

Price / SF$253.13

Days on Market5

Property Features for 1706 E SEMORAN BLVD #116

General Information

Standard status Active

Size 1,600 SF

Property subtype Retail

Zoning C-2

Additional Details

Highway Access Yes

Amenities

0.04 acres

Additional parcels description:, Parcel Number: 28-21-11-9087-00-116, Public Survey Range: 28, Public Survey Section: 11, Annual Amount: $206, Tax Block: 00, Tax Book Number: 9087, Legal Description: WEKIVA EXECUTIVE CENTRE CONDOMINIUM 8345/405 UNIT 116, Lot: 116, Year: 2025, Zoning: C-2

Carpet, Ceramic Tile

Central Air

Central

Listing ID: MFRO6448550, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, On market as of 2026-10-16, Special Conditions: None

Tinted Windows

Built in 2015, Living area: 1600, Living area units: Square Feet, Construction Materials: Block, Stucco

Subdivision: WEKIVA EXECUTIVE CENTRE CONDO, MLS Area (Major): 32703 - Apopka, County/Parish: Orange

BB/HS Internet Capable, Public, Water Connected, Water Source: Public

Slab

Negotiable

Frontage Type: Divided Highway, Main Throrughfare, Road Surface: Paved

Building Details

Year Built 2015

Listing Agency: PETRA WORLDWIDE

Listed By: Gigi Studenc · License #3267383

Source: Miharaandassociates

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 8:35AM

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 PETRA WORLDWIDE

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Investment Insights

Based on property information with market context.

This 1,600-square-foot commercial condominium was built in 2015 and is presently arranged for religious assembly. The property carries C-2 zoning, with commercial uses subject to City of Apopka requirements.

The unit is part of a 30-unit professional complex that includes medical and legal offices, physical therapy practices, salons, and specialty service businesses. Dining, shopping, supermarkets, and expressway access are described as a short drive away.

Key Highlights

1,600‑square‑foot commercial condominium
C‑2 zoning; commercial uses subject to City of Apopka requirements
Built in 2015

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,120

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$422,400 $422.4K

Cap Rate 7%

$301,714 $301.7K

Cap Rate 9%

$234,667 $234.7K

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$38.4K $24.00/SF

− Vacancy

−$4.6K −$2.88/SF

EGI

$33.8K $21.12/SF

− OpEx

−$12.7K −$7.92/SF

NOI

$21.1K $13.20/SF

Area

Orange County, FL

Vacancy

12.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$422,400

Cap Rate 7%

$301,714

Cap Rate 9%

$234,667

Alternative Uses

Best Use

Mixed Use

$301.7K

$264.0K – $352.0K (±1% cap)

NOI $21,120 @ 7.0% cap · market cap 5.21%

Second Best

—

no second resolved use

Theoretical Best

Office A

$455.3K

$398.4K – $531.2K (±1% cap)

NOI $31,872 @ 7.0% cap · market cap 7.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

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Current Use

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