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    Paseo Al Mar Blvd X Milestone Dr Apollo Beach, FL 33572

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    Paseo Al Mar Blvd X Milestone Dr Apollo Beach, FL 33572

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    • Retail properties & Spaces
    • 27,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Paseo Al Mar Blvd X Milestone Dr

    Year built
    2023
    Property size
    27,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail opportunity is located in the thriving Waterset community of Apollo Beach, Florida, at the intersection of Paseo Al Mar Boulevard and Milestone Drive (zip code 33572). The property, built in 2023, offers a total of 27,500 square feet of retail space in Phase 1, with an additional 54,690 square feet planned for Phase 2, slated for completion in Q4 2025. Phase 1 is currently available for immediate occupancy. Spaces range from 1,200 to 4,900 square feet and are divisible to accommodate various business needs. Ideal for restaurants, specialty stores, and fitness centers, this town-center location benefits from high visibility and convenient access. The property is situated within a vibrant, family-friendly community, boasting 236 existing luxury multi-family units on-site, with an additional 400 units currently under construction and a further 700 units planned. This ensures a substantial and growing customer base. A dedicated parking lot provides ample parking for patrons with 535 spaces. The property's location is easily accessible by bicycle, further enhancing its appeal. This is a prime opportunity to establish a business in a rapidly expanding and desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Apollo Beach
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3802
    Latitude
    27.7661

    Comparable in this City

    • Value Estimation
      $675,000
      4,071 SF

      490 Big Bnd Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,071 SF
      490 Big Bnd Rd, Apollo Beach, FL 33572-1400
      View Details
    • Value Estimation by Request
      2,444 SF

      629 Miller Mac Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,444 SF
      629 Miller Mac Rd, Apollo Beach, FL 33572
      View Details
    • Value Estimation by Request
      2,637 SF

      5096 Us Hwy 41

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,637 SF
      5096 Us Hwy 41, Apollo Beach, FL 33572-3504
      View Details
    • Value Estimation by Request
      2,322 SF

      6104 41st Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,322 SF
      6104 41st Hwy, Apollo Beach, FL 33572
      View Details
    • Value Estimation
      $525,000
      11,052 SF

      1112 Apollo Bch Blvd

      RESTAURANT • 11,052 SF
      1112 Apollo Bch Blvd, Apollo Beach, FL 33572-3020
      View Details
    • Value Estimation by Request
      2,573 SF

      6002 41st Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,573 SF
      6002 41st Hwy, Apollo Beach, FL 33572
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $22 SF/Yr
      2,370 SF

      Retail Space in Apollo Beach

      Retail space available in Publix-anchored shopping center.
      6482-6510 N Us Highway 41, Apollo Beach, FL 33572
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Apollo Beach, Florida.
      Paseo Al Mar Blvd X Milestone Dr, Apollo Beach, FL 33572
      View Details
    • $7,800 /Mo
      1,890 SF

      Apollo Beach Commercial Space Available

      Commercial space for rent in Apollo Beach, Florida.
      437 Apollo Beach Blvd, Apollo Beach, FL 33572
      View Details
    • $7,200 /Mo

      Professional Office Space Available

      Exterior office unit with shared amenities for rent.
      437 Apollo Beach Blvd, Apollo Beach, FL 33572
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    • Contact for pricing

      Prime Commercial Land in Apollo Beach

      2 acres of commercial land for ground lease.
      12Th St NE, Apollo Beach, FL 33572
      View Details
    • Contact for pricing

      Warehouse with Outdoor Storage Available

      22,800 SF warehouse with 0.94 AC outdoor storage.
      6855 Us Highway 41 S, Apollo Beach, FL 33572
      View Details
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    Apollo Beach, FL 33572
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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
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