Occupied Five-Tenant Strip
New
For Sale
$1,250,000
7448 ALOMA, Winter Park, FL 32792
Five tenants occupy the center, supporting immediate rental income from an operating retail property.
Property Size3,578 SF
Days on Market7
Property Features for 7448 ALOMA
General Information
Standard status
Active
Size
3,578 SF
Property subtype
Commercial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$13,135
Building Details
Building Size
3,578 SF
Year Built
1973
Tenancy
Multi
Listing Agency:
CENTURY 21 CARIOTI
Listed By:
Emad Terkawi · License #3273879
(407) 683-1097
Source:
Elliman
Added: Sep 11
Last Checked: Sep 16 at 6:05PM
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 CENTURY 21 CARIOTI
Investment Insights
Based on property information with market context.
This strip mall contains five tenant spaces, all currently occupied, with rental income in place at closing. The property was constructed in 1973 and offers an established retail-center configuration for continued commercial use.
Located at 7448 Aloma in Winter Park, Florida, the property benefits from Aloma Avenue access and visibility. The surrounding setting includes both residential and commercial uses, while walkability and bike access are limited, with a Walk Score of 35 and Bike Score of 35.
Located at 7448 Aloma in Winter Park, Florida, the property benefits from Aloma Avenue access and visibility. The surrounding setting includes both residential and commercial uses, while walkability and bike access are limited, with a Walk Score of 35 and Bike Score of 35.
Key Highlights
- Five tenant spaces are currently occupied
- Rental income is already in place
- Strip mall constructed in 1973
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
$70,261
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
5.62%
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%
$1,405,220
$1.4M
Cap Rate 7%
$1,003,729
$1.0M
Cap Rate 9%
$780,678
$780.7K
Market Conditions
NOI Build-Up for 3,578 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
$103.9K $29.04/SF
− Vacancy
−$3.5K −$0.99/SF
EGI
$100.4K $28.05/SF
− OpEx
−$30.1K −$8.42/SF
NOI
$70.3K $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%
$1,405,220
Cap Rate 7%
$1,003,729
Cap Rate 9%
$780,678
Alternative Uses
Best Use
Retail
$1.00M
$878.3K – $1.17M
NOI $70,261 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$890.9K – $1.19M
NOI $71,274 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 11%
Beauty & Spa 4%
Electronics 1%
Wawa
Shops & Services
45,676 visits/mo
0.4 miles
KFC
Dining
8,454 visits/mo
0.4 miles
Pet Supplies Plus
Shops & Services
6,613 visits/mo
0.4 miles
Bank of America
Shops & Services
6,114 visits/mo
0.1 miles
My Salon Suite
Beauty & Spa
3,102 visits/mo
0.5 miles
Demographics for 32792, FL
51,376
Population
24,169
Households
2.1
Avg Household Size
36
Median Age
42%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,246
Density / Sq Mi
$66,176
Median Household Income
$39,326
Median Earnings
$1,612
Median Rent
$343,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Five tenants occupy the center, supporting immediate rental income from an operating retail property.
Where is this strip mall located?
The property is located at 7448 ALOMA Winter Park, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five tenant spaces are currently occupied; Rental income is already in place; Strip mall constructed in 1973
