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    7800 17-92 Hwy Fern Park, FL 32730

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    7800 17-92 Hwy Fern Park, FL 32730

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    • Retail properties & Spaces
    • 108,509 SF
    • 8.33 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7800 17-92 Hwy

    Year built
    1988
    Lot size
    8.33 lot acres
    Property size
    108,509 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located in the vibrant Fern Park, Florida market at 7800 S 17-92 Hwy, zip code 32730. The property, Main Street Square, is a single-story, Class B retail center totaling 108,509 square feet, built in 1988, and situated on a generous 8.33-acre lot. Currently, there are 18 suites, with 2,900 square feet of vacant space available, divisible into units ranging from 1,400 to 1,500 contiguous square feet. The center benefits from a highly visible location at a signalized intersection on Hwy 17-92, boasting an impressive 53,000 AADT. Its strategic proximity to the intersection of Hwy 17-92 and SR 436 (69,000 AADT) further enhances its accessibility and exposure. The property features four points of access and convenient cross-access to established businesses such as Dunkin' Donuts, Baskin Robbins, and Advanced Auto Parts. The building boasts an attractive façade and prominent elevated marquee signage facing Hwy 17-92, providing excellent branding opportunities. With over 400 feet of frontage on Hwy 17-92, the property offers unparalleled visibility to a large volume of daily traffic. The center also includes a Winn-Dixie, remodeled in 2012, which caters to the local community. The property is zoned C in Seminole County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fern Park
    County
    Seminole
    State
    Florida
    Longitude
    -81.3497
    Latitude
    28.6528

    Comparable in this City

    • Value Estimation
      $1,115,000
      5,649 SF

      6501 Us Hwy 1792

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,649 SF
      6501 Us Hwy 1792, Fern Park, FL 32730-2053
      View Details
    • Value Estimation
      $1,890,000
      3,816 SF

      101 State Rd 436

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,816 SF
      101 State Rd 436, Fern Park, FL 32730-2106
      View Details
    • Value Estimation
      $525,000
      1,058 SF

      8000 Us Hwy 1792

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,058 SF
      8000 Us Hwy 1792, Fern Park, FL 32730-2212
      View Details
    • Value Estimation by Request
      6,259 SF

      700 North St

      Retail properties & Spaces • 6,259 SF
      700 North St, Fern Park, FL 32730
      View Details
    • Value Estimation by Request
      375 SF

      110 Obrien Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 375 SF
      110 Obrien Rd, Fern Park, FL 32730-2806
      View Details
    • Value Estimation by Request
      1,203 SF

      1500 Altamonte Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,203 SF
      1500 Altamonte Dr, Fern Park, FL 32730-2048
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on High-Traffic Highway

      Retail space with highway frontage and multiple access points.
      7800 S 17-92 Hwy, Fern Park, FL 32730
      View Details
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      Prime Retail Space on Highway

      Retail space with high visibility and accessibility in Fern Park.
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      Prime Retail Space in Fern Park

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      Retail Space Available For Rent

      Retail spaces available, ranging from 1,200 to 8,200 SqFt.
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      1,200 SF

      Furnished Office Space Available

      Furnished office space for rent with building signage.
      204 Obrien Rd, Fern Park, FL 32730
      View Details
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    Fern Park, FL 32730
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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.

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    7800 17-92 Hwy, Fern Park, FL, 32730

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