Multi-Tenant Retail Shopping
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2910 Maguire Road, Ocoee, FL 34761
Fully occupied, two-story retail center with diversified tenants operating under triple-net lease structures.
Property Size40,000 SF
Price / SF$442.50
Days on Market8
Property Features for 2910 Maguire Road
General Information
Standard status
Active
Size
40,000 SF
Property subtype
Retail, Office
Occupancy
100%
Site & Location
Traffic Count
49,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Salim Valiani · License #FL 3105421
(407) 620-2416
Source:
Crexi
Added: Sep 3
Changed: Sep 9
Last Checked: Sep 9 at 3:28PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
The property is a fully occupied, multi-tenant retail center with approximately 40,000 SF across two stories. A diversified tenant base occupies the building under triple-net lease structures, while the on-site parking field supports customer and tenant needs. The asset is positioned for retail operations requiring substantial customer access and visibility.
The center occupies a signalized intersection at Maguire Road and Moore Rd/Roberson Rd in Ocoee, Florida, with more than 49,000 vehicles passing daily. Regional connections include the Florida Turnpike, SR-408, SR-429, West Colonial Drive, and Apopka-Vineland Road. The surrounding area includes more than 52,000 residents within a three-mile radius, and the property is located near residential communities and employment centers.
The center occupies a signalized intersection at Maguire Road and Moore Rd/Roberson Rd in Ocoee, Florida, with more than 49,000 vehicles passing daily. Regional connections include the Florida Turnpike, SR-408, SR-429, West Colonial Drive, and Apopka-Vineland Road. The surrounding area includes more than 52,000 residents within a three-mile radius, and the property is located near residential communities and employment centers.
Key Highlights
- Approximately ±40,000 SF two‑story retail building
- Fully occupied multi‑tenant retail center
- Triple‑net (NNN) lease structures
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
$785,474
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
4.44%
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%
$15,709,480
$15.7M
Cap Rate 7%
$11,221,057
$11.2M
Cap Rate 9%
$8,727,489
$8.7M
Market Conditions
NOI Build-Up for 40,000 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
$1.16M $29.04/SF
− Vacancy
−$39.5K −$0.99/SF
EGI
$1.12M $28.05/SF
− OpEx
−$336.6K −$8.42/SF
NOI
$785.5K $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%
$15,709,480
Cap Rate 7%
$11,221,057
Cap Rate 9%
$8,727,489
Alternative Uses
Best Use
Retail
$11.22M
$9.82M – $13.09M
NOI $785,474 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.38M
$9.96M – $13.28M
NOI $796,800 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
49,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 47%
Groceries 27%
Shops & Services 26%
Sunbelt Rentals, Inc.
Home Improvements & Furnishings
1,561 visits/mo
0.2 miles
Sysco
Groceries
904 visits/mo
0.2 miles
The UPS Store
Shops & Services
865 visits/mo
0.2 miles
Demographics for 34761, FL
48,193
Population
14,794
Households
3.3
Avg Household Size
37
Median Age
30%
College-Educated
85%
High-School Grad
17.5 sq mi
ZIP Area
2,754
Density / Sq Mi
$90,406
Median Household Income
$42,694
Median Earnings
$1,806
Median Rent
$363,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Ocoee Plaza — 25 W Silver Star Rd, Ocoee, FL 34761
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied, two-story retail center with diversified tenants operating under triple-net lease structures.
Where is this shopping center located?
The property is located at 2910 Maguire Road Ocoee, FL.
What is the asking price?
The asking price for this property is $17,700,000.
What are key features of this property?
This property features: Approximately ±40,000 SF two‑story retail building; Fully occupied multi‑tenant retail center; Triple‑net (NNN) lease structures
