Prime Commercial Property on SR
For Sale
$990,000
3468 E Semoran Boulevard, Apopka, FL 32703
Commercial property on SR 436, ideal for various business ventures.
Property Size2,580 SF
Lot Size1.00 Acre
Price / SF$383.72
Days on Market209
Property Features for 3468 E Semoran Boulevard
General Information
Standard status
Active
Size
2,580 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
HOMEVEST REALTY
(407) 435-0290
Listed By:
Steve Lang · License #656171
Source:
Realtygroupfl
Added: Jan 26
Changed: Aug 23
Last Checked: Aug 22 at 11:26AM
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 HOMEVEST REALTY
Investment Insights
Based on property information with market context.
This commercial property, spanning over 1 acre, is located on SR 436 (Semoran Blvd.) in Apopka, Florida. Currently operating as a dog day care business, the property is suitable for various ventures, including a restaurant, veterinary office, micro-brewery, or medical office. The property benefits from a signage pole that generates $500 per month. Ample parking is available. The location experiences heavy traffic flow, with over 40,000 cars passing by daily. Apopka is noted as one of the fastest-growing areas in Central Florida.
Key Highlights
- Prime commercial property on SR 436 (Semoran Blvd.) with HEAVY TRAFFIC FLOW (over 40,000 cars per day).
- Located in Apopka, one of the FASTEST‑GROWING areas in Central Florida.
- Suitable for various businesses: restaurant, veterinary office, micro‑brewery, or medical office.
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
$50,663
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
5.12%
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%
$1,013,260
$1.0M
Cap Rate 7%
$723,757
$723.8K
Cap Rate 9%
$562,922
$562.9K
Market Conditions
NOI Build-Up for 2,580 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
$74.9K $29.04/SF
− Vacancy
−$2.5K −$0.99/SF
EGI
$72.4K $28.05/SF
− OpEx
−$21.7K −$8.42/SF
NOI
$50.7K $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%
$1,013,260
Cap Rate 7%
$723,757
Cap Rate 9%
$562,922
Alternative Uses
Best Use
Retail
$723.8K
$633.3K – $844.4K
NOI $50,663 @ 7.0% cap · market cap 5.12%
Second Best
Specialty Retail
$710.8K
$622.0K – $829.3K
NOI $49,758 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$734.2K
$642.4K – $856.6K
NOI $51,394 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
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
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Frequently Asked Questions
What type of property is this?
Individual retail property - Commercial property on SR 436, ideal for various business ventures.
Where is this individual retail property located?
The property is located at 3468 E Semoran Boulevard Apopka, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Prime commercial property on SR 436 (Semoran Blvd.) with HEAVY TRAFFIC FLOW (over 40,000 cars per day).; Located in Apopka, one of the FASTEST‑GROWING areas in Central Florida.; Suitable for various businesses: restaurant, veterinary office, micro‑brewery, or medical office.
