Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land Near Rock Springs Title is generated by Realmo AI

    KELLY PARK ROAD E, Apopka, FL 32712

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    Land - APOPKA, FL

    Lot size:
    0.51 Acres
    Added:
    Apr 3, 2025
    Days on Market:
    405
    Last Refresh:
    May 12 at 10:06 am

    Property Features for KELLY PARK ROAD E

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Standard status
    Active
    APN
    16-20-28-7612-10-110
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    731.11

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kimberly Ramirez

    Listing agent Kimberly Ramirez License #3585928

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Apr 3, 2025

    MLS# V4941761 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial development opportunity in a rapidly growing area.
    • Located directly across from Rock Springs Park, ensuring high visibility and foot traffic.
    • Seller financing available.
    • Potential for rezoning from residential to commercial, offering flexibility for various business ventures.
    • Consists of three parcels totaling 2.4 acres.
    • Includes two homes.

    Overview

    This 2.4-acre property, comprised of three parcels and two homes, presents a prime investment opportunity in a rapidly developing area. The location across from Rock Springs Park provides high visibility and consistent foot traffic, making it suitable for commercial development. While currently zoned residential, the property offers the potential for rezoning to commercial, accommodating various business ventures. The site is ideal for a shopping plaza, campground, restaurant, or hotel, capitalizing on the area's natural beauty and recreational appeal that attracts both locals and tourists. The flexibility to rezone from residential to commercial allows tailoring the property to specific business needs, benefiting from Apopka's increasing economic activity. The property is located in APOPKA, FL 32712. The lot size is 0.51 acres. The zoning is A-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.509029
    Latitude
    28.757305

    Nearby Similar for Sale

    • $1,200,000
      2,580 SF

      Apopka Commercial Property on SR 436

      Prime commercial property on SR 436, suitable for various businesses.
      3468 E SEMORAN BOULEVARD, APOPKA, FL 32703
      View Details
    • $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
    • $649,000
      3,602 SF

      Lake Apopka Waterfront Commercial Land

      Lakefront commercial land with redevelopment potential in 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
    • $998,000
      1,620 SF

      Apopka Income-Producing Multi-Unit Property

      Multi-unit property in Apopka, FL, near schools, shops and dining.
      280 E 1ST STREET, 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
    • $1,441,000

      Apopka Land Redevelopment Opportunity

      5+ acres ideal for multifamily or mixed-use development.
      3319 GOLDEN GEM Road, Apopka, FL 32712
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.4 acres with potential for commercial rezoning near Rock Springs.
    Where is this commercial land located?
    The property is located at KELLY PARK ROAD E Apopka, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime commercial development opportunity in a rapidly growing area.; Located directly across from Rock Springs Park, ensuring high visibility and foot traffic.; Seller financing available.
    (347) 840-2452
    We can help!
    Listing Contact
    Kimberly Ramirez
    Real Estate License ID: 3585928
    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

    Thank You for Inquiry
    KELLY PARK ROAD E, APOPKA, FL 32712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!