Updated Feb 25, 2026
Robert Strier Sells Development Site At 3501 Kelly Park Road Apopka For $1.55M
3501 Kelly Park Road
$1,550,000
$12/SF
Building Size
119,790 SF
Asset Type
Development Site
Closing
Feb 11, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 3501 Kelly Park Road in Apopka, Florida. The sale price was $1,550,000 for approximately 2.8± acres, equating to $12 per square foot. This site is positioned within the rapidly expanding Kelly Park Interchange corridor along State Road 429, making it a prime location for commercial development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,550,000
- Seller: Robert Strier
- Brokers: Christopher Settineri & Maria Camila Castro - Settineri Group
- Square Footage: 119,790
The transaction was facilitated by Settineri Group, which represented both the seller and buyer. Maria Camila Castro sourced the buyer, while Christopher Settineri served as the representative for the seller. The deal took nearly four years to close, involving four separate contracts before successful completion. Christopher Settineri noted the complexities navigated throughout the process, including entitlement considerations and market shifts.
Players
Apopka Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93