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    1370 Narcoossee Rd St. Cloud, FL 34771

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    1370 Narcoossee Rd St. Cloud, FL 34771

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    • Specialty properties
    • 217,364 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Specialty properties

    Property Details for 1370 Narcoossee Rd

    Property size
    217,364 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial land opportunity encompasses a substantial 217,364 square foot lot situated at 1370 S Narcoossee Road in St. Cloud, Florida, 34771. The property boasts a generous 197,762 square foot lot size, offering significant development potential. Its strategic location provides high visibility and accessibility, enhanced by features such as paved roads, sidewalks, and streetlights. The area is characterized by a thriving neighborhood and proximity to public transit, further increasing its appeal. This property is ideally positioned near the burgeoning Center Lake Ranch, a new 2,038-acre master-planned community, promising substantial future growth and increased foot traffic. The land is currently improved with a convenience store featuring a walk-in beer cave, a kitchen equipped for takeout service, a smoke shop, an ATM, a Bitcoin machine, and a gaming machine. The business holds permits for food and hemp product sales. The asking price for this remarkable property is $110,000. This presents a unique chance to acquire a significant commercial parcel in a rapidly developing area with existing income streams. The property's size and location make it suitable for a variety of commercial ventures. Don't miss this opportunity to secure a prime piece of St. Cloud real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Cloud
    County
    OSCEOLA
    State
    Florida
    Longitude
    -81.2424
    Latitude
    28.2687

    Comparable in this City

    • Value Estimation by Request
      1,220 SF

      1372 Narcoossee Rd

      Land • 1,220 SF
      1372 Narcoossee Rd, St. Cloud, FL 34771
      View Details
    • Value Estimation by Request

      Address Withheld By Seller

      Land
      0 Address Withheld By Seller, St. Cloud, FL 34771
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    • Value Estimation by Request

      000 Holopaw Grv Rd

      Specialty properties
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    • Value Estimation by Request
      2.50 Acres

      Rambling Rd

      CREMATORIUM, MORTUARY • 2.50 Acres
      Rambling Rd, Saint Cloud, FL 34771
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      1,468 SF

      6377 Central Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,468 SF
      6377 Central Ave, Saint Cloud, FL 34771
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    • Value Estimation by Request
      0.90 Acres

      Hwy 192 & Narcoossee Rd

      Land • 0.90 Acres
      0 Hwy 192 & Narcoossee Rd, St. Cloud, FL 34771
      View Details

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    • Contact for pricing
      43,560 SF

      St. Cloud Commercial Land Opportunity

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      Harmony Industrial Land for Lease

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      Narcoossee Road Commercial Land

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      Land Parcels in Master-Planned Community

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    St. Cloud, FL 34771
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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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