Retail Storefront with Leased
803 N PARK AVE, Apopka, FL 32712
For Sale
Contact for pricing
For sale retail storefront currently leased to a long-term laundromat tenant under C-C zoning.
Property Size4,873 SF
Days on Market716
Property Features for 803 N PARK AVE
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
KELLY RIGHT REAL ESTATE
Listed By:
Samih Sadiq · License FL #3577381
(813) 312-2282
Source:
Thefullerproperties
Added: Nov 27, 2024
Changed: Nov 3
Last Checked: Nov 12 at 2:14PM
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 KELLY RIGHT REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail storefront is currently leased to a long-term laundromat tenant. The property is described as a single parcel that may be combined with an additional parcel located directly behind it, if a buyer chooses to pursue that configuration. The seller also indicates that plans for a proposed new strip center were intended to be built next to the property, and that those plans can be shared with interested parties. A survey is also available.
The property is located at 803 N Park Avenue in Apopka, Florida. Zoning is identified as C-C, and buyers considering the property should review zoning and development considerations as part of their due diligence. The listing materials reference the coordinates for the Pin Location, which may help with verification during underwriting and site review.
For tenants, buyers, and investors evaluating a neighborhood retail entry point, the existing laundromat lease may provide near-term operational continuity, subject to the specific lease terms and any requirements identified during due diligence. For developers or owner-users, the availability of survey information and the seller’s willingness to share prior strip center concept plans may support early feasibility work for a potential redevelopment or expansion strategy on the combined parcels.
The property is located at 803 N Park Avenue in Apopka, Florida. Zoning is identified as C-C, and buyers considering the property should review zoning and development considerations as part of their due diligence. The listing materials reference the coordinates for the Pin Location, which may help with verification during underwriting and site review.
For tenants, buyers, and investors evaluating a neighborhood retail entry point, the existing laundromat lease may provide near-term operational continuity, subject to the specific lease terms and any requirements identified during due diligence. For developers or owner-users, the availability of survey information and the seller’s willingness to share prior strip center concept plans may support early feasibility work for a potential redevelopment or expansion strategy on the combined parcels.
Key Highlights
- Retail storefront on a 1.55‑acre lot (1 building), leased to a long‑term laundromat tenant
- C‑C zoning; seller willing to share plans for a new strip center to be built next to the property
- Year built: 1973; 5,352 total building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,690
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,800
$1.9M
Cap Rate 7%
$1,367,000
$1.4M
Cap Rate 9%
$1,063,222
$1.1M
Market Conditions
NOI Build-Up for 4,873 SF
Gross rent
$141.5K $29.04/SF
− Vacancy
−$4.8K −$0.99/SF
EGI
$136.7K $28.05/SF
− OpEx
−$41.0K −$8.42/SF
NOI
$95.7K $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 Rate 5%
$1,913,800
Cap Rate 7%
$1,367,000
Cap Rate 9%
$1,063,222
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.59M
NOI $95,690 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,525 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 45%
Electronics 5%
Taco Bell
Dining
9,090 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,726 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,141 visits/mo
0.5 miles
Cricket Wireless Authorized Retailer
Electronics
1,254 visits/mo
0.4 miles
Pizza Hut
Dining
1,195 visits/mo
0.4 miles
Demographics for 32712, FL
50,085
Population
17,601
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
90%
High-School Grad
71.5 sq mi
ZIP Area
700
Density / Sq Mi
$106,264
Median Household Income
$47,049
Median Earnings
$1,995
Median Rent
$389,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Orange County, FL
Properties on Market for Retail space in Orange County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail storefront currently leased to a long-term laundromat tenant under C-C zoning.
Where is this retail space located?
The property is located at 803 N PARK AVE Apopka, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Retail storefront on a 1.55‑acre lot (1 building), leased to a long‑term laundromat tenant; C‑C zoning; seller willing to share plans for a new strip center to be built next to the property; Year built: 1973; 5,352 total building area
