510 State Rd 434 Winter Springs, FL 32708-2486
Property profile & analytics
510 State Rd 434, Winter Springs, FL 32708-2486
- Distribution centers
- 6,138 SF
- 1.16 lot acres
Property ID
US18-6963009
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.
Location Intelligence
Current Use by Public Records
- Distribution centers
Property Details for 510 State Rd 434
- Year built
- 2019
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.16 lot acres
- Property type
- Distribution centers
- APN
- 34-20-30-5AV-2500-00A0
- APU
- 3420305AV250000A0
Description
This exceptional investment opportunity presents a fee-simple, Class A, 6,318 square-foot car wash located at 510 W State Rd 434, Winter Springs, FL 32708. Boasting a prime location with nearly 57,000 vehicles passing daily, this property benefits from exceptional visibility and accessibility. The single-tenant building, constructed in 2019 and renovated in 2025, sits on a 1.16-acre lot and includes 26 parking spaces. Currently operating under a 20-year Absolute NNN lease with a credit-rated corporate guarantor, Bluewave Car Wash (rebranding to El Car Wash within 6-12 months), the property offers a substantial $425,000 NOI and a 6.25% cap rate at the asking price of $6,800,000. The lease includes 2% annual rent bumps and six, 5-year renewal options, ensuring consistent income growth. The tenant, a major player in the Florida car wash market, is expected to expand its site count significantly. This property is situated in a high-traffic area, near major roadways and shopping centers, within a densely populated and affluent community with average household incomes exceeding $105,000 within a 10-minute radius. The property's strong financials, long-term lease, and prime location make it an attractive investment with significant potential for appreciation. The investment is eligible for bonus depreciation.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Winter Springs
- County
- Seminole
- State
- Florida
- Longitude
- -81.311
- Latitude
- 28.6987
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN 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
$13,429
$0.00
$0.00
$914,320
-
$386,231
$528,089
$914,320
