Produce Stand Retail
For Sale
$950,000
8307 E Orange Avenue, Floral City, FL 34436
Produce stand for sale with an in-place tenant.
Property Size2,696 SF
Price / SF$352.37
Days on Market39
Property Features for 8307 E Orange Avenue
General Information
Standard status
Active
Size
2,696 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$4,604
Amenities
Central Air, Electric
Vinyl
Metal, Flat
Parking.
Driveway, Lot, Private, Carport.
State Road, Paved Road.
Building Details
Year Built
1950
Stories
1
Tenancy
Single
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 560-1994
Listed By:
David Powers
(352) 560-1994
Source:
Xome
Added: Jul 17
Changed: Aug 24
Last Checked: Aug 24 at 3:23AM
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 J.W.Morton R.E.
Investment Insights
Based on property information with market context.
Included in this offering is a 203 SF (MOL) produce stand with a current tenant paying $850 per month. The seller notes that no value has been assigned to the building as part of the purchase.
The property is located at 8307 E ORANGE AVE, FLORAL CITY, FL.
This is a compact retail configuration suited for a grocery/produce-type use, with the space currently operating under an in-place tenancy.
The property is located at 8307 E ORANGE AVE, FLORAL CITY, FL.
This is a compact retail configuration suited for a grocery/produce-type use, with the space currently operating under an in-place tenancy.
Key Highlights
- Produce stand for sale with an in‑place tenant
- 203 SF (MOL) produce stand included in the purchase
- Tenant rent of $850 per month
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
$42,405
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
4.46%
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%
$848,100
$848.1K
Cap Rate 7%
$605,786
$605.8K
Cap Rate 9%
$471,167
$471.2K
Market Conditions
NOI Build-Up for 2,696 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
$59.2K $21.96/SF
− Vacancy
−$2.7K −$0.99/SF
EGI
$56.5K $20.97/SF
− OpEx
−$14.1K −$5.24/SF
NOI
$42.4K $15.73/SF
Area
Citrus County, FL
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$848,100
Cap Rate 7%
$605,786
Cap Rate 9%
$471,167
Alternative Uses
Best Use
Specialty Retail
$605.8K
$530.1K – $706.8K
NOI $42,405 @ 7.0% cap · market cap 4.46%
Second Best
Retail
$370.0K
$323.8K – $431.7K
NOI $25,902 @ 7.0% cap · market cap 2.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
2,744 visits/mo
0.1 miles
Capital City Bank
Shops & Services
738 visits/mo
Demographics for 34436, FL
7,901
Population
4,740
Households
1.7
Avg Household Size
58
Median Age
15%
College-Educated
88%
High-School Grad
55.1 sq mi
ZIP Area
143
Density / Sq Mi
$50,139
Median Household Income
$33,886
Median Earnings
$715
Median Rent
$201,400
Median Home Value
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?
Grocery and convenience store - Produce stand for sale with an in-place tenant.
Where is this grocery and convenience store located?
The property is located at 8307 E Orange Avenue Floral City, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Produce stand for sale with an in‑place tenant; 203 SF (MOL) produce stand included in the purchase; Tenant rent of $850 per month
