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    1540 Narcoossee Rd St. Cloud, FL 34771

    • Retail properties
    • 5,800 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1540 Narcoossee Rd

    Property size
    5,800 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    Narcoossee Corners presents a prime retail investment opportunity in St. Cloud, Florida. This new development boasts a total of 5,800 square feet of retail space, divisible into units ranging from a minimum of 1,500 square feet to a maximum contiguous space of 5,800 square feet. Three individual spaces are currently available. Situated on a 2.93-acre lot at 1540 N Narcoossee Rd, 34771, the property offers exceptional visibility and accessibility with direct frontage on Narcoossee Road. The location benefits from high traffic counts, exceeding 30,000 vehicles daily, and is strategically positioned as a gateway to the expansive Sunbridge development. This high-traffic intersection is one of the last signalized corners available on Narcoossee Road, providing unparalleled exposure for businesses. The property's convenient location offers easy access to both Lake Nona and the 192 corridor, ensuring a strong customer base. This is an exceptional chance to establish a presence in a rapidly growing area with significant development potential. The property is classified as Retail, with subtypes including Restaurant, Convenience Store, and Shop, offering versatility for a variety of businesses.

    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
    -81.2393
    Latitude
    28.3062

    Comparable in this City

    • Value Estimation by Request
      7,925 SF

      2600 Amera Trl

      Restaurants • 7,925 SF
      2600 Amera Trl, Magnolia Square, FL 34771
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    • Value Estimation by Request

      4922 Irlo Bronson Memorial Hwy

      Restaurants
      4922 Irlo Bronson Memorial Hwy, St. Cloud, FL 34771
      View Details
    • Value Estimation
      $1,220,000
      2,650 SF

      750 Narcoossee Rd

      CONVENIENCE STORE • 2,650 SF
      750 Narcoossee Rd, Saint Cloud, FL 34771-7201
      View Details
    • Value Estimation by Request
      1,400 SF

      5355 Irlo Bronson Memorial Hwy

      CONVENIENCE STORE • 1,400 SF
      5355 Irlo Bronson Memorial Hwy, Saint Cloud, FL 34771-8732
      View Details
    • Value Estimation
      $605,000
      3,182 SF

      4910 Irlo Bronson Memorial Hwy

      CONVENIENCE STORE • 3,182 SF
      4910 Irlo Bronson Memorial Hwy, Saint Cloud, FL 34771-8723
      View Details
    • Value Estimation
      $2,440,000
      3,285 SF

      3290 Narcoossee Rd

      CONVENIENCE STORE • 3,285 SF
      3290 Narcoossee Rd, Saint Cloud, FL 34771-7290
      View Details

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      Narcoossee Corners Retail Opportunity

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    1540 Narcoossee Rd
    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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