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    New Retail Building in Oviedo Title is generated by Realmo AI

    2386 W State Rd 426, Oviedo, FL 32765

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    Freestanding retail building occupied by K9 Resorts Luxury Pet Hotel.

    Type:Retail
    Property size:
    7,555 SF
    Price / SF:
    $383/SF
    Added:
    Feb 10, 2026
    Days on Market:
    101
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2386 W State Rd 426

    General Information

    Standard status
    Active
    Size
    7,555 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    David Goffe
    David Goffe

    Listing agent David Goffe License #FL 578607

    Listing office Saunders Real Estate

    Listing date Feb 10, 2026

    Source Crexi

    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 Saunders Real Estate

    HighLights

    • Newly constructed (2025) free‑standing retail building in a high‑income Orlando submarket.
    • Tenant is K9 Resorts Luxury Pet Hotel, a nationally recognized luxury pet care brand with a proven franchise model.
    • Located on State Road 426, providing exceptional visibility and convenient access to major road networks.
    • Turnkey single‑tenant investment, offering durable cash flow.
    • Strong demographic fundamentals and proximity to Downtown Oviedo, UCF, and residential communities.
    • Strategic location with convenient access to Orlando International Airport, Downtown Orlando, and key employment centers.

    Overview

    This newly constructed free-standing retail building, slated for completion in 2025, is located in Oviedo, Florida. The property is occupied by K9 Resorts Luxury Pet Hotel, a nationally recognized luxury pet care brand operating under a proven franchise model. The property is situated along State Road 426, a primary east-west corridor, providing direct connectivity to Central Florida’s major road networks. State Road 426 offers immediate access to SR 417 (Central Florida GreeneWay), allowing for efficient travel to Orlando, Winter Springs, Sanford, and the greater Orlando metropolitan area. The location is just minutes from SR 434 and U.S. Highway 17-92, further enhancing regional accessibility and commuter connectivity. Downtown Oviedo, the University of Central Florida (UCF), and surrounding residential communities are all within a short drive, supporting consistent traffic flow and retail demand. With convenient access to Orlando International Airport, Downtown Orlando, and key employment centers throughout Seminole and Orange Counties, this location benefits from strong visibility, steady traffic, and proximity to the region’s most active growth corridors. The building has a property size of 7555 square feet and offers prominent frontage along State Road 426, delivering outstanding exposure and brand presence.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.65M
    NOI $148,356 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.12M
    NOI $148,356 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.97M
    NOI $148,356 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $219.4k $29.04
    − Vacancy −$7.5k −$0.99
    EGI $211.9k $28.05
    − OpEx −$63.6k −$8.42
    NOI $148.4k $19.64
    7,555 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $2.12M
    $1.85M – $2.47M (±1% cap)
    NOI $148,356 @ 7.0% cap · market cap 5.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.15M
    $1.88M – $2.51M (±1% cap)
    NOI $150,496 @ 7.0% cap · market cap 5.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    K9 Resorts Luxury ... Kennel & Boarding Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.237647
    Latitude
    28.634834

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    FAQs

    What type of property is this?
    Retail space - Freestanding retail building occupied by K9 Resorts Luxury Pet Hotel.
    Where is this retail space located?
    The property is located at 2386 W State Rd 426 Oviedo, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Newly constructed (2025) free‑standing retail building in a high‑income Orlando submarket.; Tenant is K9 Resorts Luxury Pet Hotel, a nationally recognized luxury pet care brand with a proven franchise model.; Located on State Road 426, providing exceptional visibility and convenient access to major road networks.
    (863) 648-1528 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Goffe
    David Goffe
    Real Estate License ID: FL 578607
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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