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    996 E Plant St, Unit 202 Winter Garden, FL 34787
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    996 E Plant St, Unit 202, Winter Garden, FL 34787

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    • Investment properties
    • 2,707 SF
    • 1.60 lot acres
    For Sale
    $1,925,000
    View Listing →
    Winter Garden Retail/Office Space For Sale
    $1,925,000
    3,304 SF

    Winter Garden Retail/Office Space

    Retail and office spaces available in Winter Garden, Florida.

    996 E PLANT STREET #202, Winter Garden, FL 34787
    View Listing
    Property ID
    US18-4316763
    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.
    Value Estimations
    Cap Rate Potential
    2.5%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Britt Farming Co / Food Processing Plant

    Property Details for 996 E Plant St

    Year built
    1926
    Lot size
    1.60 lot acres
    Zone code
    I-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    13-22-27-0000-00-022
    APU
    132227000000022

    Description

    This exceptional Class A retail/office property, located at 996 E. Plant St, Suite 200, Winter Garden, FL 34787, presents a compelling investment opportunity. The 1.6-acre site boasts a total of 6 units, totaling approximately 17,500 square feet, currently 80% occupied. The property features three retail spaces and three office spaces, all delivered in grey shell condition. Suite 102 (2,419 sq ft) is currently leased to Mosaic Hair Studio & Blowout Bar. Suites 100 (2,910 sq ft), 101 (2,424 sq ft), 200 (2,963 sq ft), 201 (2,935 sq ft), and 202 (3,304 sq ft) are available for lease. The asking price is $1,700,000, representing a 7.00% cap rate. The existing leases have a remaining term of 10 years, structured as NNN leases. Construction is expected to be completed in early 2025. Situated in the heart of Winter Garden, this property offers high visibility and easy access to major roads, making it an ideal location for businesses seeking a vibrant, pedestrian-friendly environment. This is a chance to own a piece of a thriving community and benefit from the strong growth potential of East Winter Garden. The property is a multi-tenant building constructed in 2024. This investment offers a blend of immediate income and future development potential, making it an attractive option for discerning investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,420,000
      ML approach
      $1,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,545,000
      Market price range: $493k - $1.55M
      AI Estimate
      $910,000
      Market price range: $401k - $910k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $930,000
      Current use
      OFFICE BUILDING
      $1,685,000
      Change: +81% Conversion: Easy
      AUTO REPAIR, GARAGE
      $910,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $880,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winter Garden
    County
    Orange
    State
    Florida
    Longitude
    -81.5715
    Latitude
    28.5681
    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
    $16,236
    $838,848
    $181,684
    $1,020,532
    -
    $838,848
    $181,684
    $1,020,532

    Comparable in this City

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      $520,000
      1,434 SF

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      STORE/OFFICE (MIXED USE)
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      View Details
    • Value Estimation by Request
      2,328 SF

      910 Vineland Rd

      STORE/OFFICE (MIXED USE)
      910 Vineland Rd, Winter Garden, FL 34787-3941
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      95 Palmetto St

      STORE/OFFICE (MIXED USE)
      95 Palmetto St, Winter Garden, FL 34787-3930
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      1,428 SF

      112 Maple St

      STORE/OFFICE (MIXED USE)
      112 Maple St, Winter Garden, FL 34787-3637
      View Details
    • Value Estimation by Request
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      22 Miller St

      STORE/OFFICE (MIXED USE)
      22 Miller St, Winter Garden, FL 34787-3538
      View Details
    • Value Estimation
      $1,045,000
      3,859 SF

      700 Plant St

      STORE/OFFICE (MIXED USE)
      700 Plant St, Winter Garden, FL 34787-3008
      View Details

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      Mixed-Use Development Site For Sale

      Shovel-ready mixed-use development site in high-traffic commercial corridor.
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      Mixed-Use Development Site For Sale

      Shovel-ready mixed-use development site in a high-traffic commercial corridor.
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      0.85 Acres

      Winter Garden Land For Sale

      Rare 0.85 acre land parcel in Winter Garden, Florida.
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      Lakefront Property in Winter Garden

      12+ acres of lakefront property on skiable Lake Roper.
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    Similar Nearby for Lease

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      New Mixed-Use Property in Winter Garden

      High-visibility mixed-use property with flexible spaces in a growing market.
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      View Details
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      Mixed-Use Development in Winter Garden

      Premier mixed-use development at Winter Garden and Windermere intersection.
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      View Details
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      Winter Garden Mixed-Use Development

      Premier mixed-use development at Winter Garden and Windermere intersection.
      W Pkwy & Windermere Rd, Winter Garden, FL 34787
      View Details
    • $3 SF/Yr

      New Retail Spaces in Winter Garden

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      View Details
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    Winter Garden, FL 34787
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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