996 Plant StWinter Garden, FL 34787

  • Mixed-use properties
  • 2,707 SF
For Sale
$1,700,000 View listing

Property Details for 996 Plant St

Year built
1926
Lot size
1.60 AC
Property size (Sq ft)
2,707 SF
Zone code
I-2
Property type
Mixed-use properties
Property subtype
Other investment 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $661,238
    6.5%
    $610,374
    7%
    $566,776
  • Comparable approach

    Method
    Valuation
    Relative Method
    $658,874
    Geo Method
    $658,874
  • Alternative Use

    Use
    Valuation
    Residential
    $610,374
    Hospitality
    $559,099
    Educational
    $465,164
    Medical
    $481,162
    Retail
    $723,588
996 Plant St, Winter Garden, Florida

Location Insight

City
Winter Garden
County
Orange
State
Florida
Latitude
28.5681
Longitude
-81.5715
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

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