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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1701 Oak St Arcadia, FL 34266-8989

    • Outlet malls
    • 66,826 SF
    • 6.21 lot acres
    OFF-MARKET
    Value Estimations
    $2,480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5543967
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tractor Supply Co. / Pet Store & Service
    • Pet Vaccination Clinic at Tractor Supply Co. / Veterinary Clinic
    • Goodwill Manasota - Retail Store & Donation Center / Discount Store
    • Garden Center at Tractor Supply / Garden Center

    Property Details for 1701 Oak St

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.21 lot acres
    Property size
    66,826 SF
    Zone code
    CG
    Property type
    Outlet malls
    APN
    32-37-25-0000-0202-0000
    APU
    323725000002020000

    Description

    Arcadia Plaza, a 98,666 square foot shopping center in Arcadia, Florida, is offered for sale at $12,000,000. This stabilized, multi-tenant NNN investment boasts a 7.20% cap rate and a strong NOI of $876,798. Currently 96% occupied, the center features 15 units with 72% national tenants, including Tractor Supply, Goodwill, Hibbett Sports, Pet Supermarket, Beef O'Brady's, and H&R Block, showcasing an average tenure of 16 years. A significant value-add opportunity exists due to 32% of rents being below market rates, along with the potential for an outparcel development. The property enjoys excellent visibility and access via five points of ingress/egress, situated on a major retail artery (SR 70) connecting to Sarasota, Bradenton, and Fort Myers. The center benefits from a shadow anchor, a Winn-Dixie store (separately owned), soon to be renovated and rebranded as an Aldi, further enhancing traffic and value. Recent capital improvements include partial roof replacement (2021), LED lighting conversion, and AC unit replacements (2023). The surrounding area includes numerous national retailers and is complemented by a thriving local community with golf courses, RV resorts, and access to the Peace River. The property's NOI has shown impressive growth, with a 10-year compound annual growth rate (CAGR) of 34.8%. Leases currently extend through 2026.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,720,000
      Market price range: $1.48M - $4.07M
      AI Estimate
      $3,466,000
      Market price range: $1.75M - $6.06M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,985,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    Desoto
    State
    Florida
    Longitude
    -81.8401
    Latitude
    27.2104
    CBSA code
    11580
    CBSA name
    ARCADIA, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,026
    $0.00
    $2,055,000
    $2,055,000
    -
    $0.00
    $2,055,000
    $2,055,000

    Comparable in this City

    • Value Estimation by Request
      8,940 SF

      707 Brevard Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,940 SF
      707 Brevard Ave, Arcadia, FL 34266-8771
      View Details
    • Value Estimation
      $750,000
      25,020 SF

      1009 Brevard Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 25,020 SF
      1009 Brevard Ave, Arcadia, FL 34266-8844
      View Details
    • Value Estimation by Request
      11,798 SF

      2711 Hwy 70

      SHOPPING CENTER, STRIP CENTER • 11,798 SF
      2711 Hwy 70, Arcadia, FL 34266-5665
      View Details
    • Value Estimation by Request
      5,608 SF

      3263 Hwy 17

      SHOPPING CENTER, STRIP CENTER • 5,608 SF
      3263 Hwy 17, Arcadia, FL 34266-5715
      View Details
    • Value Estimation by Request
      13,606 SF

      412 Brevard Ave

      SHOPPING CENTER, STRIP CENTER • 13,606 SF
      412 Brevard Ave, Arcadia, FL 34266-4504
      View Details
    • Value Estimation
      $1,140,000
      10,654 SF

      301 Brevard Ave

      SHOPPING CENTER, STRIP CENTER • 10,654 SF
      301 Brevard Ave, Arcadia, FL 34266-4501
      View Details

    Similar Nearby for Sale

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      Versatile Commercial Property in Arcadia, FL

      Adaptable commercial space with office and open layout, prime location.
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      Arcadia Commercial Property For Sale

      Located in the heart of Arcadia, Florida, suitable for various uses.
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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Arcadia Plaza Retail Space

      Retail spaces available at Arcadia Plaza in Arcadia, Florida.
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    • $60,000

      Arcadia Shopping Center Retail Space

      Retail space available in Arcadia Shopping Center anchored by Winn-Dixie.
      1703 E Oak St, Arcadia, FL 34266
      View Details
    • Contact for pricing
      51,401 SF

      Arcadia Retail/Office/Warehouse Space

      Located in the heart of Arcadia, perfect for retail or office.
      1401 Martin Luther King Jr St SW, Arcadia, FL 34266
      View Details
    • $8 SF/Yr
      15,555 SF

      Arcadia Retail/Warehouse Opportunity

      15,555 SF building ideal for retail, warehouse, or service operations.
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    • $900 /Mo
      12,975 SF

      Retail Property in Arcadia, Florida

      Retail property with great potential for business growth.
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    • $159,852

      Arcadia Property Near Desoto Hospital

      Property near hospital, ideal for medical, professional, or business offices.
      920 N Mills Ave, Arcadia, FL 34266
      View Details
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    1701 Oak St
    Arcadia, FL 34266-8989
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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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