Leased Laundromat Retail
803 N Park Avenue Apopka, FL 32712
803 N Park Avenue, Apopka, FL, 32712
$2,500,000
For Sale
$2,500,000
Retail storefront currently leased to a long-term laundromat tenant under C-C zoning.
Property Size5,352 SF
Price / SF$467.12
Days on Market631
Property Features for 803 N Park Avenue
General Information
- Standard status
- Active
- Size
- 5,352 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing Agency
KELLY RIGHT REAL ESTATE
(407) 666-7699
Listed by
Samih Sadiq · License #3577381
Source
Realtygroupfl
Added: Oct 27, 2024 Checked: Jul 18 at 2:20 am
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
Investment Insights
Based on property information with market context.
This retail storefront property is currently leased to a long-term laundromat tenant. The seller is also considering combining this parcel with another parcel immediately behind it.
The property is zoned C-C. Plans are available for a new strip center that was intended to be built next to the existing property, and a survey is also available. Seller is willing to share plans with qualified buyers.
The seller is marketing the asset as a stand-alone opportunity with the option to pursue an additional combined-parcel approach, subject to buyer due diligence and verification of any development plans.
The property is zoned C-C. Plans are available for a new strip center that was intended to be built next to the existing property, and a survey is also available. Seller is willing to share plans with qualified buyers.
The seller is marketing the asset as a stand-alone opportunity with the option to pursue an additional combined-parcel approach, subject to buyer due diligence and verification of any development plans.
Key Highlights
- Retail storefront leased to a long‑term laundromat tenant
- Zoned C‑C
- Seller is willing to share plans for a new strip center proposed to be built next to the property
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.4k | $29.04 |
| − Vacancy | −$5.3k | −$0.99 |
| EGI | $150.1k | $28.05 |
| − OpEx | −$45.0k | −$8.42 |
| NOI | $105.1k | $19.64 |
5,352 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $105,096 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,612 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 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 Avenue 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 leased to a long‑term laundromat tenant; Zoned C‑C; Seller is willing to share plans for a new strip center proposed to be built next to the property
