Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    920 Mills Ave Arcadia, FL 34266

    • Commercial real estate
    • 7,266 SF
    • 0.95 lot acres
    For Sale
    View listing
    $1,299,990
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Charles L. Perkins, III, M.D., Ph.D. / Physician
    • Daniel E. Dosoretz, MD, FACR, FACRO / Physician
    • Diecast TV / Trade Show Venue / (Bike/Boat/Book/etc) Store
    • Alex LeClair Realtor at Coldwell Banker Sunstar / Real Estate Agency
    • Florida State Auctions / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 920 Mills Ave

    Year built
    1993
    Lot size
    0.95 lot acres
    Property size
    7,266 SF
    Property type
    Commercial real estate

    Description

    This exceptional 7,266 sq ft commercial building in Arcadia, FL, sits on a 0.95-acre lot and is priced at $1,299,900. Currently generating over $11,500 monthly in rental income, this property presents a significant investment opportunity. The building boasts a newly installed roof and A/C system, ensuring low maintenance costs. Its prime location across from DeSoto Hospital and the police station offers high visibility and accessibility. The property features a fully operational TV studio, ideal for streaming or broadcasting, along with ample parking. High-speed fiber internet, exceeding 200 MB upload speeds (owner-installed), enhances its appeal. Additional amenities include a full security system, executive shower, kitchen, and a well-maintained picnic area. The building is suitable for various uses, including medical offices, daycare centers, professional offices, or even a corporate headquarters. Its proximity to Highway 17 and 70, along with a nearby college, provides easy access to transportation and a skilled workforce. Seller financing is available, making this a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    DeSoto
    State
    Florida
    Longitude
    -81.8526
    Latitude
    27.2263

    Comparable in this City

    • Value Estimation by Request
      360 SF

      Johnson Ave

      COMMERCIAL (GENERAL) • 360 SF
      Johnson Ave, Arcadia, FL 34266
      View Details
    • Value Estimation by Request
      294.00 Acres

      Highway 17

      Land • 294.00 Acres
      0 Highway 17, Arcadia, FL 34266
      View Details
    • Value Estimation by Request
      656 SF

      4340 Aster Ave

      COMMERCIAL (GENERAL) • 656 SF
      4340 Aster Ave, Arcadia, FL 34266
      View Details
    • Value Estimation by Request
      1,440 SF

      12721 County Rd 763

      COMMERCIAL (GENERAL) • 1,440 SF
      12721 County Rd 763, Arcadia, FL 34266
      View Details
    • Value Estimation by Request
      0.16 Acres

      315 Oak St

      Land • 0.16 Acres
      315 Oak St, Arcadia, FL 34266
      View Details
    • Value Estimation by Request
      560 SF

      4066 County Rd 760a

      COMMERCIAL (GENERAL) • 560 SF
      4066 County Rd 760a, Arcadia, FL 34266-7818
      View Details

    Similar Nearby for Sale

    • $1,785,000
      71.00 Acres

      Arcadia Commercial Land - 71 Acres

      Prime Florida acreage, ideal for development.
      2422 Daniels St, Arcadia, FL 34266
      View Details
    • $11,760,000
      294.00 Acres

      Arcadia Industrial Land - $11.76M

      294± acres, Hwy 17 frontage, rail access
      0 Highway 17, Arcadia, FL 34266
      View Details
    • $1,299,990
      7,266 SF

      Arcadia Commercial Building - High ROI

      High-income producing property, excellent location.
      920 Mills Ave, Arcadia, FL 34266
      View Details
    • $900,000
      4,720 SF

      Arcadia Mixed-Use Waterfront Property

      Waterfront venue, huge potential!
      2124 American Legion Dr, Arcadia, FL 34266
      View Details
    • $2,400,000
      7.46 Acres

      Arcadia Residential Land Development

      7.46 Acres, R-4 Zoning, High Density
      124 Heard St, Arcadia, FL 34266
      View Details
    • $850,000
      31,929 SF

      Arcadia Mixed-Use Commercial Property

      Large Warehouse/Shop Conversion Opportunity
      5673 Highway 31, Arcadia, FL 34266
      View Details

    Similar Nearby for Lease

    • $60,000

      Arcadia Shopping Center Retail Space

      Retail space available in Arcadia Shopping Center anchored by Winn-Dixie.
      1703 E Oak St, Arcadia, FL 34266
      View Details
    • $159,852

      Arcadia Property Near Desoto Hospital

      Property near hospital, ideal for medical, professional, or business offices.
      920 N Mills Ave, Arcadia, FL 34266
      View Details
    • Contact for pricing
      51,401 SF

      Arcadia Retail/Office/Warehouse Space

      Located in the heart of Arcadia, perfect for retail or office.
      1401 Martin Luther King Jr St SW, Arcadia, FL 34266
      View Details
    • $8 SF/Yr
      15,555 SF

      Arcadia Retail/Warehouse Opportunity

      15,555 SF building ideal for retail, warehouse, or service operations.
      14 W Hickory St, Arcadia, FL 34266
      View Details
    • $5,000 /Mo
      25,143 SF

      Arcadia Warehouse Space Available

      25,000+ sq ft warehouse in DeSoto Business Park.
      Highway 31 SE, Arcadia, FL 34266
      View Details
    • Contact for pricing
      1,200 SF

      Arcadia Plaza Retail Space

      Retail spaces available at Arcadia Plaza in Arcadia, Florida.
      1703-1737 E Oak St, Arcadia, FL 34266
      View Details
    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.
    920 Mills Ave
    Arcadia, FL 34266
    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.