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3340 Canoe Creek Rd, Saint Cloud, FL 34772
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 14,761 square foot Walgreens located at 3340 Canoe Creek Rd, St. Cloud, FL 34772, within the Orlando MSA. The property sits on a 1.86-acre lot and boasts a strong 6.50% cap rate, generating a NOI of $349,000. This single-tenant, net-leased property features a corporate-guaranteed lease with Walgreens, the nation's largest drugstore chain. The lease commenced September 1, 2008, and has a remaining term of approximately 8.8 years, with ten 5-year renewal options extending to August 31, 2033. The property enjoys a prime location, situated as an outparcel to a Publix-anchored center at a signalized intersection with over 36,000 vehicles passing daily. The surrounding area demonstrates robust retail activity, including numerous national brands. The average household income within a one-mile radius is $75,501, projected to increase to $87,838 by 2027. This investment offers exceptional long-term stability and growth potential, backed by a financially strong tenant and a desirable location in a thriving retail corridor. The asking price is $5,369,230. The property was built in 2008 and currently enjoys 100% occupancy.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Total area
14,761 SF
Lot
1.86 ac (81,022 SF)
Zoning code
SHB
APN
272630072500010485
UPID
US18-3059180
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.46M
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$4.18M
Owner & transaction history
since 2017
2 recorded transactions
Zoning & alternative use
SHB · Saint Cloud, FL
Top alternative use upside
Warehouse, storage
$5.2M
+40.0%
Auto repair, garage
$5.0M
+34.6%
Neighborhood: shopping center
$4.3M
+13.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.18M
Value range
$3.76M – $4.59M
±10% around blend
Estimated value / SF
$283 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$3.76M
blend $4.18M
$4.59M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,761 SF
Lot area
1.86 ac
Year built
2008
Stories
1
APN
272630072500010485
Zoning
SHB
Assessed value
$4,981,800
Annual tax
$56,254
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.46M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.83M
@ 6.5% CAP return
$4.46M
@ 7% CAP return
$4.14M
4
Sales comparison
Partial preview
Sales approach indication
$5.26M
Range $2.56M – $5.26M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 52 sales
$254
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $283/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+40%
vs current-use indication
Auto Repair, Garage
Neighborhood: Shopping Center
Industrial (general)
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.98M
Move the market yield to see immediate price impact.
Value / SF
$337
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$314k
$6.28M
$4.48M
$3.49M
$349k
$6.97M
$4.98M
$3.87M
$384k
$7.67M
$5.48M
$4.26M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,254
Tax year 2023
Assessed value
$4,981,800
Assessed 2023
Previous assessed
$4,981,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$945,000
Assessed improvement
$4,036,800
Land market value
$945,000
Improvement market value
$4,036,800
Total market value
$4,981,800
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
2008
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
14,761 SF
Lot
1.86 ac (81,022 SF)
Zoning code
SHB
APN
272630072500010485
UPID
US18-3059180
Jurisdiction
OSCEOLA
Zoning & alternative use
SHB · Saint Cloud, FLZoning SHB · permitted uses
SHB · Saint Cloud, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
1
Lot
1.86 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SHB
Jurisdiction
Saint Cloud, FL
Recorded code
SHB
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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