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    Hwy Us-192 & Nova Rd St. Cloud, FL 34771

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    Hwy Us-192 & Nova Rd St. Cloud, FL 34771

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    • Retail properties & Spaces
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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Hwy Us-192 & Nova Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional retail investment opportunity presents four available parcels totaling between one and three acres, situated at the high-traffic intersection of US-192 and Nova Road in St. Cloud, Florida, within Osceola County. The property is ideally suited for multiple tenants, offering flexibility for ground lease or build-to-suit development. This prime location benefits from high visibility and accessibility, making it an attractive proposition for businesses seeking exposure to a thriving market. The parcels are zoned for retail use, providing a clear path for development. The address is specifically Hwy US-192 & Nova Rd, St. Cloud, FL 34771, offering easy access for customers and employees. This presents a unique chance to capitalize on the significant growth potential of this dynamic area. The property's strategic location at a major intersection ensures high traffic volume and excellent visibility, making it an ideal location for a variety of retail businesses. The flexibility of ground lease or build-to-suit options allows for customized development to meet specific tenant needs. This is a rare opportunity to secure a prominent retail presence in a rapidly expanding market. The available acreage allows for substantial development, catering to a range of retail concepts. Don't miss this chance to invest in a high-growth area with exceptional visibility and accessibility.

    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
    -81.2229
    Latitude
    28.2439

    Comparable in this City

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      4922 Irlo Bronson Memorial Hwy

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      Hwy Us-192 & Nova Rd

      Land
      0 Hwy Us-192 & Nova Rd, St. Cloud, FL 34771
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      12,995 SF

      1750 Irlo Bronson Memorial Hwy

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      5,800 SF

      1540 Narcoossee Rd

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      2049 Old Hickory Tree Rd

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      1,248 SF

      7960 Diamond C Cir

      NURSERY, GREENHOUSE, FLORIST • 1,248 SF
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    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease or Build

      Four parcels available for ground lease or build to suit.
      Hwy Us-192 & Nova Rd, Saint Cloud, FL 34771
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    • Contact for pricing
      43,560 SF

      St. Cloud Commercial Land Opportunity

      Prime 1-Acre Outparcel Near Winn-Dixie
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      Retail Plaza in Growing Community

      Retail space in a fast-growing community, available in 2025.
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      Retail Space on Narcoossee Road

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      Retail Development on Narcoossee Corridor

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      Prime Tourist Corridor New Construction

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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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