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Property profile

850 Sun Dr Lake Mary, FL 32746

OFF-MARKET
Strip malls
Property ID
US18-4522570
7,725 SF 1.19 ac lot Built 2015
Entity Owned 10-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional retail opportunity is located within the Shoppes at Lake Mary, a vibrant shopping center in the thriving city of Lake Mary, Florida. The property, built in 2015, offers a total of 7,725 square feet of retail space, with 2,600 square feet currently available for lease. This space is ideally suited for a restaurant, offering ample room for dining, kitchen facilities, and potential outdoor seating. The property sits on a 1.18-acre lot, providing excellent visibility and accessibility from its location at 850 S Sun Dr, Lake Mary, FL 32746. The building's modern design and prime location within a well-established shopping center ensure high foot traffic and strong potential for business success. The multiple-tenancy structure provides a diverse and bustling atmosphere, attracting a wide range of customers. This is a rare opportunity to secure a significant retail space in a highly desirable location. The available space offers a blank canvas for a creative and successful restaurant venture, benefiting from the existing infrastructure and established customer base of the Shoppes at Lake Mary. Don't miss this chance to establish your business in a thriving community. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2015
Construction CONCRETE BLOCKS
Total area 7,725 SF
Lot 1.19 ac (51,619 SF)
APN 18-20-30-511-0000-0060
UPID US18-4522570

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Mobile Phone Store Electronics & Wireless Store
  • Restaurant
  • Auto Repair Shop
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.85M
Blend (final) Blend
$2.85M

Owner & transaction history

since 2016
6 recorded transactions
2016
$7.7M
2015
$2.5M
2014
$1.7M
2013
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $3.6M +107.9%
Commercial (general) $2.1M +19.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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