Retail Storefront For
For Sale
$1,850,000
2121 E Semoran Boulevard, Apopka, FL 32703
For-sale retail storefront property located on E Semoran Boulevard in Apopka, Florida.
Property Size5,800 SF
Price / SF$318.97
Days on Market53
Property Features for 2121 E Semoran Boulevard
General Information
Standard status
Active
Size
5,800 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$562,181
Amenities
Additional Parking, Parking Lot
Building Details
Building Size
5,800 SF
Year Built
1989
Stories
1
Listing Agency:
Coldwell Banker Coast Realty
Listed By:
Angel Perez
(321) 506-8020
Source:
Evrealestate
Added: Jul 14
Changed: Aug 26
Last Checked: Sep 4 at 3:43AM
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 Coldwell Banker Coast Realty
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers a commercial retail layout totaling 5,800 square feet.
The building is located at 2121 E Semoran Boulevard in Apopka, Florida, within Orange County.
The space is being offered as a retail asset suitable for businesses seeking a dedicated storefront environment on a major boulevard corridor.
The building is located at 2121 E Semoran Boulevard in Apopka, Florida, within Orange County.
The space is being offered as a retail asset suitable for businesses seeking a dedicated storefront environment on a major boulevard corridor.
Key Highlights
- For‑sale retail storefront property on E Semoran Boulevard in Apopka, Florida
- Additional parking and a parking lot available
- Built in 1989
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
$113,894
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
6.16%
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%
$2,277,880
$2.3M
Cap Rate 7%
$1,627,057
$1.6M
Cap Rate 9%
$1,265,489
$1.3M
Market Conditions
NOI Build-Up for 5,800 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
$168.4K $29.04/SF
− Vacancy
−$5.7K −$0.99/SF
EGI
$162.7K $28.05/SF
− OpEx
−$48.8K −$8.42/SF
NOI
$113.9K $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%
$2,277,880
Cap Rate 7%
$1,627,057
Cap Rate 9%
$1,265,489
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,894 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,536 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
421k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 29%
Apparel 29%
Groceries 4%
Chick-fil-A
Dining
55,974 visits/mo
0.3 miles
Ross Dress for Less
Apparel
42,955 visits/mo
0.1 miles
Marshalls
Apparel
39,581 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
33,785 visits/mo
0.4 miles
Five Below
Shops & Services
25,565 visits/mo
0.1 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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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront property located on E Semoran Boulevard in Apopka, Florida.
Where is this storefront property located?
The property is located at 2121 E Semoran Boulevard Apopka, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: For‑sale retail storefront property on E Semoran Boulevard in Apopka, Florida; Additional parking and a parking lot available; Built in 1989
