Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Plymouth Sorrento Road and Lester Road in Apopka Apopka, FL 32712

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land at intersection near SR 429/414 exit.

    Type:Land
    Added:
    Apr 17, 2018
    Days on Market:
    2927
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for Plymouth Sorrento Road and Lester Road in Apopka

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Daryl Carter

    Listing agent Daryl Carter License #FL 446269

    Listing office Maury L. Carter & Associates Inc

    Listing date Apr 17, 2018

    Source Crexi

    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 Maury L. Carter & Associates Inc

    Overview

    Apopka Commercial Land Opportunity

    Located at the intersection of Plymouth Sorrento Road and Lester Road in Apopka, this commercial land offers an opportunity for development. The property is zoned PUD by the City of Apopka, allowing for up to 18,000 square feet of retail or office space. Situated at the closest commercial intersection to the new SR 429 / SR 414 beltway exit ramp, the parcel ID is 28-20-30-0484-00-160.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.5111
    Latitude
    28.7414

    Nearby Similar for Sale

    • $2,000,000
      10,215 SF

      Historic Mixed-Use Redevelopment Opportunity

      Mixed-use property in Downtown Apopka with redevelopment and investment potential.
      210 5TH STREET, APOPKA, FL 32703
      View Details
    • $875,000
      14,095 SF

      Apopka Mixed-Use Redevelopment Opportunity

      1.38-acre mixed-use property in Apopka's downtown corridor.
      227 S HAWTHORNE AVENUE, APOPKA, FL 32703
      View Details
    • $699,000
      3,602 SF

      Lake Apopka Waterfront Commercial Land

      Lakefront commercial land with redevelopment potential in a growing area.
      3828 WALKER ROAD, APOPKA, FL 32703
      View Details
    • $879,000

      Apopka Land with City Utilities

      Land with city utilities available in a growing Apopka area.
      2295 APPY LANE, APOPKA, FL 32712
      View Details
    • $900,000
      1,598 SF

      High-Visibility Retail Site on Park

      Retail site in Apopka, zoned for diverse commercial uses.
      454 N PARK AVENUE, APOPKA, FL 32712
      View Details
    • $375,000

      Apopka Land Infill Site

      Vacant land in Downtown Apopka's mixed-use district.
      215 E 5TH STREET, APOPKA, FL 32703
      View Details
    • $789,000
      1,620 SF

      Apopka Multi-Unit Income Property

      Income-producing property with six units near schools, shops, and dining.
      280 E 1ST STREET, APOPKA, FL 32703
      View Details
    • $359,000

      Apopka Land Development Opportunity

      2.34 acre development property in growing Orange County corridor.
      1357 S Central Ave, Apopka, FL 32703
      View Details
    • $425,000
      2,046 SF

      Apopka Duplex: Turnkey Investment Opportunity

      Well-maintained duplex in Apopka with long-term tenants and recent upgrades.
      202 OTTER LANE, APOPKA, FL 32703
      View Details
    • $1,800,000

      Lakefront Land on Lake Apopka

      7.76 acres of lakefront land with a 5-car metal building.
      3280 & 3198 SHEAF ROAD, APOPKA, FL 32703
      View Details
    • $1,449,300

      Apopka Land Redevelopment Opportunity

      High-growth area land ideal for multifamily or mixed-use development.
      3427 GOLDEN GEM Road, Apopka, FL 32227
      View Details
    • $1,446,400

      Apopka Land Redevelopment Opportunity

      High-growth area land ideal for multifamily or mixed-use development.
      3337 GOLDEN GEM Road, Apopka, FL 32712
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land at intersection near SR 429/414 exit.
    Where is this commercial land located?
    The property is located at Plymouth Sorrento Road and Lester Road in Apopka Apopka, FL.
    What is the asking price?
    The asking price for this property is $730,000.
    What are key features of this property?
    This property features: Prime LOCATION at Plymouth Sorrento Road and Lester Road in Apopka; Nearest commercial intersection to the new SR 429 / SR 414 beltway exit ramp; Up to 18,000 sf of retail/office entitlements
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daryl Carter
    Real Estate License ID: FL 446269
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!