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

    434 & Michael Blake Blvd Winter Springs, FL 32708

    • Land
    • 8.12 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 434 & Michael Blake Blvd

    Lot size
    8.12 lot acres
    Property type
    Land

    Description

    This exceptional 8.12-acre commercial land parcel in Winter Springs, Florida, presents a unique investment opportunity. Located at the intersection of East SR 434 and Michael Blake Boulevard, the property boasts 670+ feet of frontage on SR 434, a major thoroughfare with an impressive 36,500 AADT. A master retention system is already in place. The site is zoned T-C (Town Center), allowing for versatile development options. A proposed site plan envisions a phased approach: Phase I focuses on retail uses along SR 434, while Phase II incorporates mixed-use development. The property's strategic location offers unparalleled visibility and accessibility. It's situated just 1,000 feet from the intersection of SR 434 and Tuskawilla Road, and in close proximity to established shopping centers like Winter Springs Marketplace and Winter Springs Town Center. Furthermore, its convenient location near Keeth Elementary and Indian Trails Middle Schools (1.5 miles) and major roadways—including the SR 434 & SR 417 (GreeneWay) interchange (2 miles) and the SR 434 & US Hwy 17-92 interchange (5 miles)—adds significant value. Multiple development scenarios are available, including ground lease, sale (all or part), and build-to-suit options, catering to diverse investment strategies. Lot sizes range from 0.50 to 2.90 acres. This prime location offers exceptional potential for significant return on investment. The property's high visibility and convenient access make it an ideal location for a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winter Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.2606
    Latitude
    28.6947

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      Willa Springs Dr

      Land • 1.52 Acres
      0 Willa Springs Dr, Winter Springs, FL 32708
      View Details
    • Value Estimation by Request
      0.30 Acres

      State Road 434

      Land • 0.30 Acres
      0 State Road 434, Winter Springs, FL 32708
      View Details
    • Value Estimation by Request
      3.40 Acres

      706 State Road 434

      Land • 3.40 Acres
      706 State Road 434, Winter Springs, FL 32708
      View Details
    • Value Estimation by Request
      0.92 Acres

      Fl-434

      Land • 0.92 Acres
      0 Fl-434, Winter Springs, FL 32708
      View Details
    • Value Estimation by Request
      5.47 Acres

      290 Milky Way

      Land • 5.47 Acres
      290 Milky Way, Winter Springs, FL 32708
      View Details
    • Value Estimation by Request
      0.92 Acres

      434 Winter Springs Blvd

      Land • 3,000 SF
      434 Winter Springs Blvd, Winter Springs, FL 32708
      View Details

    Similar Nearby for Sale

    • $150,000

      Prime Winter Springs Office Pad

      Ready-to-build, 1,200 SF potential.
      1020 Spring Villas Pt, Winter Springs, FL 32708
      View Details
    • $749,000
      1.52 Acres

      Winter Springs Commercial Land

      1.52 Acres, Fully Entitled, Prime Location
      0 Willa Spring Dr, Winter Springs, FL 32708
      View Details
    • $249,000
      0.30 Acres

      Prime Winter Springs Commercial Land

      0.3-acre lot, ideal for retail or auto.
      0 State Road 434, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      8.12 Acres

      Winter Springs TownCenter Land

      8.12 Acres, High Visibility, Multiple Options
      434 & Michael Blake Blvd, Winter Springs, FL 32708
      View Details
    • $195,000

      Land For Sale

      Land available for purchase.
      617 B Sunrise Ave, Winter Springs, FL 32708
      View Details
    • $400,000
      2.72 Acres

      Cleared Land Ready to Develop

      2.72 acre lot ready for development in Winter Springs.
      835 E Sr 434, Winter Springs, FL 32708
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      126,324 SF

      Winter Springs Development Land

      8.12± acres, prime commercial location
      434 & Michael Blake Blvd, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      8 SF

      Winter Springs Land with High Visibility

      8.12 acre site with frontage on SR 434.
      434 & Michael Blake Blvd, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      768 SF

      Retail Space Anchored by Publix

      Retail space for lease in Winter Springs, Florida.
      160 Tuskawilla Rd, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      44,728 SF

      Venetian Square Retail Spaces Available

      Prime Winter Springs Retail Opportunity
      260 State Road 434, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      1,979 SF

      Class A Office/Medical Building

      Three-story office/medical building with tenant improvement package available.
      1135 E State Road 434, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      52,024 SF

      Winter Springs Retail Center

      Prime Retail Space, 5 Units Available
      853 State Road 434, Winter Springs, FL 32708
      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.
    434 & Michael Blake Blvd
    Winter Springs, FL 32708
    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.