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Property profile & analytics
OFF-MARKET Estimated value $5,560,000
Commercial real estate

10935 177th Pl Summerfield, FL 34491-8975

6,400 SF 3.26 ac lot Built 1996
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-5516103
Property summary
AI-generated overview

This exceptional 25,805 square foot shopping center in Summerfield, Florida, presents a compelling investment opportunity. Boasting a 100% occupancy rate with 17 tenants, including Edward Jones and State Farm, this stabilized property generates a strong net operating income (NOI) of $460,992, yielding an 8.02% cap rate. The single-story building, constructed in 1995, sits on a 3.26-acre lot and is strategically located on a highly trafficked roadway, US Highway 27, with 38,000 vehicles per day. Its prime location within the rapidly growing Villages community, near major retailers like Target, Publix, and Walmart, ensures consistent demand and potential for future rental rate increases. The asking price is $5,750,000, translating to $222.83 per square foot. This well-established property offers a diverse revenue stream and significant upside potential due to below-market rents and the area's robust growth. The property's strong tenant roster and proven ability to increase rental rates upon lease rollover provide an excellent inflation hedge. This is a rare opportunity to acquire a high-performing asset in a thriving Central Florida market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1996
Construction WOOD FRAME
Total area 6,400 SF
Lot 3.26 ac (142,006 SF)
Zoning code B2
APN 6001-000-002
UPID US18-5516103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bradley Blessing - State Farm Insurance Agent Insurance Agency
  • State Farm Financial Advisor Insurance Agency
  • Brett L. Swigert Law Firm
  • FedEx Drop Box Postal Service Courier Service
  • Morris Realty & Investments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.56M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.56M
Owner & transaction history
Reflin 30 LLC · 1 yrs held
Reflin 30 LLC
since 2024
Last sale
$5.6M
3 recorded transactions
2024
$5.6M
2024
Price N/A
2022
Price N/A
Zoning & alternative use
B2 · Summerfield, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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