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    The Largest CRE Database in the US with Over 1 Million Listings

    4420 Plymouth Sorrento Rd Apopka, FL 32712

    Sponsored
    For Sale
    $1,850,000

    Prime Apopka land, residential potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This 4.86-acre parcel, located at 4420 Plymouth Sorrento Rd, Apopka, FL 32712 (APN: 13 20 27 0000 00 015), offers significant development opportunities. Currently zoned RSF-1A within the Kelly Park Interchange District's Neighborhood District, per the City of Apopka's Form Based Code, it's ideally suited for residential subdivision. Alternative uses, as permitted, include churches, restaurants, childcare facilities, schools, and fitness centers. The property is situated approximately 0.7 miles from Kelly Park Crossings and the 429/Kelly Park Interchange, providing excellent access and visibility. This land could be combined with an adjacent 4.71-acre parcel (4402 Plymouth Sorrento Rd) for a total of 9.57 acres. Apopka, one of Orange County's fastest-growing cities (2.32% annual growth, 7.29% increase since the last census), boasts a population exceeding 58,500 and a density of 1,750 people per square mile. Significant investments are underway, including a new AdventHealth facility, plans for an Orlando Health hospital, the $1.6 billion Wekiva Parkway Project, and a $60 million water treatment facility upgrade. Major employers such as AdventHealth, Amazon, Coca-Cola, and others are present, further bolstering the area's economic strength. The property's proximity to the Northwest Recreation Complex (180+ acres of fields and a 1,300-seat amphitheater) and extensive ecotourism opportunities (43 trails covering 394 miles, Wekiva River and Rock Springs Run access, Apopka Birding Park) adds to its appeal. Offered at $1,850,000, this fee-simple property presents a compelling investment prospect.

    Property Features for 4420 Plymouth Sorrento Rd

    General Information

    Property type
    Farms
    Lot Size
    211,702 SF

    We can help!

    Listing Contact
    Natalie Arrowsmith
    Natalie Arrowsmith

    Learn more

    Property Insight Report

    HighLights

    • $1,850,000 asking price for 4.86 acres of land.
    • Located in Apopka, Florida, on Plymouth Sorrento Rd, near the Kelly Park Interchange.
    • Zoned RSF‑1A, suitable for residential subdivision, with potential for other uses including churches, restaurants, and schools.
    • Fee simple ownership with APN 13 20 27 0000 00 015.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Liner Patch Plant Nursery

    Suggested Use

    Restaurant Realty agency Wholesale Shop Nail Salon Convenience Store Shopping Mall Wine and Liquor Store Italian Restaurant Florist Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.5608852
    Latitude
    28.7482372

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    FAQs

    What type of property is this?
    Farm - Prime Apopka land, residential potential.
    Where is this farm located?
    The property is located at 4420 Plymouth Sorrento Rd Apopka, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: $1,850,000 asking price for 4.86 acres of land.; Located in Apopka, Florida, on Plymouth Sorrento Rd, near the Kelly Park Interchange.; Zoned RSF-1A, suitable for residential subdivision, with potential for other uses including churches, restaurants, and schools.
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    4420 Plymouth Sorrento Rd Apopka, FL 32712
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    Apopka, FL 32712
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4420 Plymouth Sorrento Rd Apopka, FL 32712
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    We can help!
    Listing Contact
    Natalie Arrowsmith
    Natalie Arrowsmith
    Real Estate License ID: FL BK3206753
    Learn more
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