Auburndale Retail Investment
For Sale
Contact for pricing
521 Hughes Rd, Auburndale, FL 33823
18,277 SF retail building in thriving Auburndale, Florida.
Property Size18,277 SF
Price / SF$164.14
Days on Market734
Property Features for 521 Hughes Rd
General Information
Standard status
Active
Size
18,277 SF
Total Parking Spaces
29
Property subtype
Retail
Zoning
C3
Occupancy
100%
Building Details
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
Saunders Real Estate
(863) 648-1528
Listed By:
Gary Ralston · License #FLBK3232399
Source:
Crexi
Added: Aug 20, 2024
Changed: Aug 14
Last Checked: Aug 21 at 2:26PM
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 Saunders Real Estate
Investment Insights
Based on property information with market context.
This is an investment opportunity located in Auburndale, Florida. The property features an 18,277 square foot free-standing building, completed in 2006. It is situated in a prime location in the heart of the thriving Auburndale area off of Havendale Boulevard. Zoned C3, the property presents a versatile space suitable for a range of retail ventures. This property is positioned as a high-demand asset in a dynamic commercial district.
Key Highlights
- 18,277 SF free‑standing building.
- Prime location in the heart of the thriving Auburndale area off of Havendale Boulevard.
- Zoned C3, suitable for a range of retail ventures.
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
$205,250
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
6.84%
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%
$4,105,000
$4.1M
Cap Rate 7%
$2,932,143
$2.9M
Cap Rate 9%
$2,280,556
$2.3M
Market Conditions
NOI Build-Up for 18,277 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
$318.0K $17.40/SF
− Vacancy
−$24.8K −$1.36/SF
EGI
$293.2K $16.04/SF
− OpEx
−$88.0K −$4.81/SF
NOI
$205.2K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$4,105,000
Cap Rate 7%
$2,932,143
Cap Rate 9%
$2,280,556
Alternative Uses
Best Use
Retail
$2.93M
$2.57M – $3.42M
NOI $205,250 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,448 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
273k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 29%
Shops & Services 26%
Home Improvements & Furnishings 5%
Publix
Groceries
45,010 visits/mo
0.5 miles
Wawa
Shops & Services
36,620 visits/mo
0.2 miles
McDonald's
Dining
32,041 visits/mo
0.3 miles
Winn-Dixie
Groceries
22,660 visits/mo
0.2 miles
Save-A-Lot
Groceries
12,752 visits/mo
0.4 miles
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
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?
Retail space - 18,277 SF retail building in thriving Auburndale, Florida.
Where is this retail space located?
The property is located at 521 Hughes Rd Auburndale, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 18,277 SF free‑standing building.; Prime location in the heart of the thriving Auburndale area off of Havendale Boulevard.; Zoned C3, suitable for a range of retail ventures.
