1220 Semoran Blvd Apopka, FL 32703
- Retail space
- 1,547 SF
- 0.55 lot acres
Current Use by Public Records
- Retail space
Property Details for 1220 Semoran Blvd
- Year built
- 1988
- Lot size
- 0.55 lot acres
- Property size
- 1,547 SF
- Zone code
- RSTD C-2
- Property type
- Retail space
- APN
- 11-21-28-0000-00-277
- APU
- 112128000000277
Description
This exceptional investment opportunity presents a 1,035 square foot storefront in Apopka, Florida, situated on a prominent 0.55-acre corner lot at 1220 E Semoran Blvd, zip code 32703. The property boasts excellent visibility and high traffic counts exceeding 43,000 vehicles daily. Currently leased to an established Orlando auto dealership under a 5-year NNN lease (expiring September 30, 2027), with a remaining term of approximately 2.9 years, this property offers a secure investment with a 7.09% cap rate and a minimum 5% annual rent increase. The building, renovated in 2022, consists of two structures and is zoned C1. The lease commenced October 1, 2022, generating a current NOI of $70,560. The asking price is $995,000, translating to $961.35 per square foot. The property features excellent monument signage facing Semoran Boulevard, ensuring high brand visibility. Its location near other major retail businesses further enhances its appeal and potential for long-term growth. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $470,000
- ML approach
- $470,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $505,000
- 6.5%
- $465,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $623,000
Market price range: $219k - $624k
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Location Insight
- Map
- Local Demand
- City
- Apopka
- County
- Orange
- State
- Florida
- Longitude
- -81.4883
- Latitude
- 28.6725
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
