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    Balmy Beach Dr Apopka, FL 32703

    For Sale
    $1,495,000

    5.75 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.75-acre commercial land parcel in Apopka, Florida, presents a remarkable investment opportunity. Located on Balmy Beach Drive, the property boasts approximately 1,240 feet of frontage on Border Lake and enjoys convenient access to Semoran Boulevard (SR 436), exhibiting a high average annual daily traffic count of 58,500 vehicles (2023 FDOT data). Currently zoned PD (Planned Development), this site offers significant flexibility. Existing entitlements include a 50-unit Independent Living Facility (ILF), a 160-bed Assisted Living Facility (ALF), and a 30-bed Memory Care facility. However, the PD zoning allows for potential amendment to accommodate alternative development plans, such as a 38-unit townhome community or a 160-unit 55+ apartment complex. Utilities, including electricity, water, and sewer, are readily available on-site. Situated in unincorporated Apopka within Seminole County, the land is primarily high and dry. The asking price for this prime development opportunity is $1,495,000. The property's APN is 07-21-29-524-0000-0040 / 07-21-29-524-0E00-0000. This location offers proximity to numerous amenities, including grocery stores, restaurants, banks, and shopping centers.

    Property Features for 0 Balmy Beach Dr

    General Information

    Property type
    Land
    Lot Size
    250,470 SF

    HighLights

    • 5.75± acres on Semoran Boulevard (SR 436).
    • 1,240± feet of frontage on Border Lake.
    • Planned Development (PD) zoning.
    • Potential for 38± townhomes or 160± 55+ apartments.
    • Currently entitled for 50‑unit Independent Living Facility (ILF), 160‑bed Assisted Living Facility (ALF), and 30‑bed Memory Care.
    • Potential for 160± unit 55+ apartment community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Apopka
    County
    Seminole
    State
    Florida
    Longitude
    -81.4584
    Latitude
    28.6705

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    FAQs

    What type of property is this?
    Land - 5.75 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at Balmy Beach Dr Apopka, FL.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: 5.75± acres on Semoran Boulevard (SR 436).; 1,240± feet of frontage on Border Lake.; Planned Development (PD) zoning.
    (407) 362-6173
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    Balmy Beach Dr Apopka, FL 32703
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    Realmo Value Estimation

    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.

    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.

    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
    Balmy Beach Dr Apopka, FL 32703
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