Historic Mixed-Use Redevelopment
For Sale
$2,000,000
210 5TH St, Apopka, FL 32703
Downtown Apopka property with redevelopment and investment potential.
Property Size10,215 SF
Lot Size1.46 Acres
Price / SF$193.74
Days on Market137
Property Features for 210 5TH St
General Information
Standard status
Active
Size
10,215 SF
Lot size
1.46 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,106
Building Details
Building Size
10,215 SF
Year Built
1927
Listing Agency:
Arrowsmith Realty, Inc.
(407) 992-8955
Listed By:
Natalie Arrowsmith · License #BK3206753
(407) 992-8955
Source:
Elliman
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 2:25PM
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 Arrowsmith Realty, Inc.
Investment Insights
Based on property information with market context.
This historic mixed-use commercial property is located in Downtown Apopka, presenting redevelopment and investment potential. Constructed in 1927, the property includes approximately 10,323 square feet of building space on 1.46 acres across multiple parcels. The MU-D (Mixed-Use Downtown) zoning allows for a variety of commercial and residential uses. The property retains historic character and offers opportunities for office, retail, restaurant, creative workspace, or mixed-use redevelopment. Situated within the central business district and city limits, the site benefits from visibility, public utilities, and fiber internet availability. It is near US-441 and SR-429, providing access throughout Central Florida. The surrounding area is experiencing growth with new residential developments, downtown improvements, and commercial investment. This property is suitable for investors, developers, or owner-users seeking a strategic property in a growing market.
Key Highlights
- Prime Downtown Apopka Location offering exceptional redevelopment and investment potential.
- Significant Land Area: 1.46± acres across multiple parcels.
- Flexible Mixed‑Use Zoning (MU‑D) allows for a variety of commercial and residential uses.
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
$154,226
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
7.71%
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%
$3,084,520
$3.1M
Cap Rate 7%
$2,203,229
$2.2M
Cap Rate 9%
$1,713,622
$1.7M
Market Conditions
NOI Build-Up for 10,323 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
$247.8K $24.00/SF
− Vacancy
−$42.1K −$4.08/SF
EGI
$205.6K $19.92/SF
− OpEx
−$51.4K −$4.98/SF
NOI
$154.2K $14.94/SF
Area
Orange County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,084,520
Cap Rate 7%
$2,203,229
Cap Rate 9%
$1,713,622
Alternative Uses
Best Use
Retail
$2.90M
$2.53M – $3.38M
NOI $202,711 @ 7.0% cap · market cap 10.14%
Second Best
Specialty Retail
$2.84M
$2.49M – $3.32M
NOI $199,089 @ 7.0% cap · market cap 9.95%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,634 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Apopka property with redevelopment and investment potential.
Where is this mixed-use property located?
The property is located at 210 5TH St Apopka, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime Downtown Apopka Location offering exceptional redevelopment and investment potential.; Significant Land Area: 1.46± acres across multiple parcels.; Flexible Mixed‑Use Zoning (MU‑D) allows for a variety of commercial and residential uses.
