Mixed-Use Property with
For Sale
$3,200,000
A-4572 N Palmetto Ave, Winter Park, FL 32792
Industrial-zoned space combines warehouse, showroom, office, and retail areas.
Property Size11,500 SF
Price / SF$361.87
Days on Market14
Property Features for A-4572 N Palmetto Ave
General Information
Standard status
Active
Size
11,500 SF
Additional Details
Road Access
Yes
Warehouse Space
8,000 SF
Taxes and HOA fees
Annual Taxes
$16,537
Building Details
Buildings
1
Building Size
11,500 SF
Listing Agency:
VINAS DEL MAR REALTY, INC.
(407) 678-2846
Listed By:
Delmarie Martinez
(321) 695-8061
Source:
Exprealty
Added: Sep 21
Changed: Sep 29
Last Checked: Oct 2 at 11:27PM
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 VINAS DEL MAR REALTY, INC.
Investment Insights
Based on property information with market context.
The mixed-use property includes warehouse, showroom, office, and retail/wholesale areas. Warehouse features include 3 overhead doors, a loading dock, exhaust fans, and a mezzanine. The air-conditioned showroom and wholesale/retail area includes 2 private offices, 3 full bathrooms, and a kitchen. The sale covers the building only; the business, inventory, furniture, automobiles, equipment, and other personal property are excluded.
The property has approximately 275+ feet of frontage on N Palmetto Ave. It is zoned Industrial.
The property has approximately 275+ feet of frontage on N Palmetto Ave. It is zoned Industrial.
Key Highlights
- Approximately 275+ feet of frontage on N Palmetto Ave
- Industrial zoning
- Warehouse area includes 3 overhead doors, a loading dock, exhaust fans, and a mezzanine
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
$173,649
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
5.43%
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%
$3,472,980
$3.5M
Cap Rate 7%
$2,480,700
$2.5M
Cap Rate 9%
$1,929,433
$1.9M
Market Conditions
NOI Build-Up for 8,843 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
$256.8K $29.04/SF
− Vacancy
−$8.7K −$0.99/SF
EGI
$248.1K $28.05/SF
− OpEx
−$74.4K −$8.42/SF
NOI
$173.6K $19.64/SF
Area
Orange County, FL
Vacancy
3.40%
Lease Rate
$29.04 /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%
$3,472,980
Cap Rate 7%
$2,480,700
Cap Rate 9%
$1,929,433
Alternative Uses
Best Use
Retail
$2.48M
$2.17M – $2.89M
NOI $173,649 @ 7.0% cap · market cap 5.43%
Second Best
Mixed Use
$1.67M
$1.46M – $1.95M
NOI $116,728 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,153 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 32792, FL
51,376
Population
24,169
Households
2.1
Avg Household Size
36
Median Age
42%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,246
Density / Sq Mi
$66,176
Median Household Income
$39,326
Median Earnings
$1,612
Median Rent
$343,500
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Mixed-use property - Industrial-zoned space combines warehouse, showroom, office, and retail areas.
Where is this mixed-use property located?
The property is located at A-4572 N Palmetto Ave Winter Park, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Approximately 275+ feet of frontage on N Palmetto Ave; Industrial zoning; Warehouse area includes 3 overhead doors, a loading dock, exhaust fans, and a mezzanine
