10935 177Th PlSummerfield, FL 34491
- Other commercial real estate
- 6,400 SF
Property Details for 10935 177Th Pl
- Year built
- 1996
- Construction
- WOOD FRAME
- Lot size
- 3.26 AC
- Property size (Sq ft)
- 6,400 SF
- Zone code
- B2
- Property type
- Other commercial real estate
- APN
- 6001-000-002
- APU
- 6001000002
Description
This exceptional 25,805 square foot shopping center in Summerfield, Florida, presents a compelling investment opportunity. Boasting a 100% occupancy rate with 17 tenants, including Edward Jones and State Farm, this stabilized property generates a strong net operating income (NOI) of $460,992, yielding an 8.02% cap rate. The single-story building, constructed in 1995, sits on a 3.26-acre lot and is strategically located on a highly trafficked roadway, US Highway 27, with 38,000 vehicles per day. Its prime location within the rapidly growing Villages community, near major retailers like Target, Publix, and Walmart, ensures consistent demand and potential for future rental rate increases. The asking price is $5,750,000, translating to $222.83 per square foot. This well-established property offers a diverse revenue stream and significant upside potential due to below-market rents and the area's robust growth. The property's strong tenant roster and proven ability to increase rental rates upon lease rollover provide an excellent inflation hedge. This is a rare opportunity to acquire a high-performing asset in a thriving Central Florida market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,446,820
- Hospitality
- $1,325,280
- Educational
- $1,102,617
- Medical
- $1,140,538
- Retail
- $1,715,182
Location Insight
- City
- Summerfield
- County
- Marion
- State
- Florida
- Latitude
- 28.9649
- Longitude
- -81.9715
- CBSA code
- 36100
- CBSA name
- OCALA, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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