Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space Near SR 417 Title is generated by Realmo AI

    5248 Red Bug Lake Rd, Winter Springs, FL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    1,200 SF retail space in Winter Springs, Florida.

    Type:RETAIL
    Property size:
    1,200 SF
    Lot size:
    3.36 Acres
    Added:
    Aug 19, 2025
    Days on Market:
    284
    Last Refresh:
    May 20 at 8:03 pm

    Property Features for 5248 Red Bug Lake Rd

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    3.36 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5248 Red Bug Lake Rd Contact us

    We can help!

    Listing Contact
    Alex Bisbee

    Listing agent Alex Bisbee

    Listing office Insite Real Estate Inc

    Listing date Aug 19, 2025

    Source Moodyscre

    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 Insite Real Estate Inc

    HighLights

    • Walmart Neighborhood Market shadow‑anchored center.
    • Great visibility and access to Red Bug Lake Rd.
    • Densely populated and well established sub‑market with close proximity to SR 417.
    • Ample parking.
    • Co‑tenants include FedEx, Agave Azul, and Dunkin’ Donuts.
    • 1,200 SF retail space.

    Overview

    This 1,200 square foot retail space is located in a Walmart Neighborhood Market shadow-anchored center. The property benefits from ample parking and is situated in a densely populated and well-established sub-market, with close proximity to SR 417. Current co-tenants include FedEx, Agave Azul, and Dunkin’ Donuts. The property offers great visibility and access to Red Bug Lake Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Winter Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.2769
    Latitude
    28.6485

    Nearby Similar for Lease

    • $1,400/Mo
      687 SF

      Professional Office Suite in Winter Springs

      Well-maintained office suite suitable for various professional uses.
      910 BELLE AVENUE, WINTER SPRINGS, FL 32708
      View Details
    • $16,800/Mo

      Professional Office Suite in Florida

      Well-maintained office suite suitable for various professional uses.
      910 BELLE Ave 1140, Winter Springs, FL 32708
      View Details
    • $25 SF/Yr
      1,979 SF

      Class A Office/Medical Building

      Three-story office/medical building with tenant improvement package available.
      1135 E State Rd 434, Winter Springs, FL
      View Details
    • Contact for pricing
      1,530 SF

      Retail Space Anchored by Publix

      Retail space in Winter Springs, anchored by Publix.
      158 Tuskawilla Rd, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      2,409 SF

      Retail Space Anchored by Publix

      Retail space for lease, anchored by Publix.
      1182-1196 E State Rd 434, Winter Springs, FL
      View Details
    • Contact for pricing
      768 SF

      Retail Space Anchored by Publix

      Retail space for lease in Winter Springs, Florida.
      160 Tuskawilla Rd, Winter Springs, FL
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Available For Rent

      Single tenant retail space available, approximately 3,000 square feet.
      1307 W SR 434, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      766 SF

      Winter Springs Office Space Available

      766 square feet of office space for rent.
      1301 Winter Springs Boulevard, Winter Springs, FL
      View Details
    • Contact for pricing
      1,625 SF

      Winter Springs Restaurant Space Available

      1,625 SF restaurant space in Publix-anchored Winter Springs shopping center.
      5655 Red Bug Lake, Winter Springs, FL
      View Details
    • Contact for pricing
      2,604 SF

      Winter Springs Office Space Available

      Office space available for rent in Winter Springs, Florida.
      1301 Winter Springs Blvd, Winter Springs, FL
      View Details
    • Contact for pricing
      1,614 SF

      Winter Springs Retail Space Available

      Retail space for lease in Winter Springs, Florida.
      1425 Tuskawilla Rd, Winter Springs, FL
      View Details
    • Contact for pricing
      1,500 SF

      Retail Spaces in Winter Springs

      Retail and restaurant spaces available with tenant incentives.
      260-370 E State Rd 434, Winter Springs, FL
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,200 SF retail space in Winter Springs, Florida.
    Where is this retail space located?
    The property is located at 5248 Red Bug Lake Rd Winter Springs, FL.
    What are key features of this property?
    This property features: Walmart Neighborhood Market shadow‑anchored center.; Great visibility and access to Red Bug Lake Rd.; Densely populated and well established sub‑market with close proximity to SR 417.
    (727) 445-9331 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alex Bisbee
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5248 Red Bug Lake Rd, Winter Springs, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!