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    Property profile & analytics
    OFF-MARKET Estimated value $2,850,000
    Strip malls

    850 Sun Dr, Lake Mary, FL 32746-2064

    7,725 SF 1.19 ac lot Built 2015
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US18-4522570
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Starbucks Cafe & Coffee Shop
    • Verizon Mobile Phone Store Electronics & Wireless Store
    • Noodles and Company Restaurant
    • Budget Friendly Towing and Auto Recovery Auto Repair Shop
    • Peach Insurance Company Inc 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
    Briarcliff Self Storage INC · 10 yrs held
    Briarcliff Self Storage INC
    since 2016
    6 recorded transactions
    2016
    $7.7M
    2015
    $2.5M
    2014
    $1.7M
    2013
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.6M +107.9%
    Commercial (general) $2.1M +19.3%
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