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Property profile & analytics
OFF-MARKET
Retail space

697 Anderson Rd Groveland, FL 34736-2900

1,657 SF 0.44 ac lot Built 1987
Individually Owned 5-yr Hold Free & Clear
Property ID
US18-8721203
Property summary
AI-generated overview

This exceptional owner-user retail property, located at 697 Anderson Rd, Groveland, FL 34736, presents a compelling investment opportunity in one of Florida's fastest-growing cities. The 1,161 square foot free-standing building sits on a 0.44-acre lot and boasts a prime location on Highway 33 South, less than half a mile from Highway 50, ensuring high visibility and accessibility. Built in 1987 and extensively renovated in 2021, the property features fresh pavement, new paint, and attractive landscaping. The C-2 zoning allows for a variety of commercial uses. The building's asking price is $428,000, translating to $368.65 per square foot. Groveland's remarkable population growth of 88.4% over the past decade, coupled with its strategic location in the path of westward expansion from Orlando, makes this a rare opportunity to capitalize on a thriving market. Highway 50's daily traffic count of 30,000 vehicles further underscores the property's exceptional potential. The property's single-story design and ample lot size offer flexibility for future expansion or development. This is an ideal investment for owner-users seeking a well-maintained, high-visibility location in a rapidly expanding market. The property's APN is 2813202.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction WOOD FRAME
Total area 1,657 SF
Lot 0.44 ac (19,183 SF)
APN 24-22-24-1100-116-00600
UPID US18-8721203
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ravindra Dabie · 5 yrs held
Ravindra Dabie
since 2021
Last sale
$235,000
7 recorded transactions
2021
$235,000
2007
$168,000
2004
$46,000
2004
$115,000
2002
$72,000
1997
$76,200
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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