1095 State Road 434Winter Springs, FL 32708

  • Retail properties
  • 2,142 SF
For Sale
$1,200,000 View listing

Property Details for 1095 State Road 434

Year built
1978
Construction
CONCRETE BLOCKS
Lot size
0.24 AC
Property size (Sq ft)
2,142 SF
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
04-21-30-502-0D01-0000
APU
0421305020D010000

Description

This exceptional investment opportunity presents a fully renovated Valero-branded gas station situated in the desirable Winter Springs submarket of Orlando, Florida. The property, located at 1095 W State Rd 434, Casselberry, FL 32708, boasts 2,147 square feet and enjoys a prime location with high visibility and traffic counts. Recent renovations, completed within the last two years, include brand-new gas pumps, a new canopy, and fresh paint, ensuring a modern and attractive facility. The property operates under an absolute net lease (NNN) structure, offering the investor zero landlord responsibilities. The single-tenant lease has a remaining term of 2.5 years and features attractive 3% annual rent escalations during option periods, providing a strong hedge against inflation. The property's current occupancy is 100%, and the asking price is $1,200,000, representing a 5.30% cap rate. Excellent access is provided by a dedicated median turn lane for both ingress and egress. This is a turnkey investment with significant upside potential. The property is ideally positioned to benefit from consistent growth in the area.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $535,980
    6.5%
    $494,751
    7%
    $459,412
  • Comparable approach

    Method
    Valuation
    Relative Method
    $602,561
    Geo Method
    $602,561
  • Alternative Use

    Use
    Valuation
    Residential
    $417,341
    Hospitality
    $382,282
    Educational
    $318,054
    Medical
    $328,993
    Retail
    $494,751
1095 State Road 434, Winter Springs, Florida

Location Insight

City
Winter Springs
County
Seminole
State
Florida
Latitude
28.6976
Longitude
-81.3193
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
$3,996
-
-
$235,085
-
$122,285
$112,800
$235,085

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