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    Renovated Commercial Property on Acreage Title is generated by Realmo AI

    379 N SR 415, Osteen, FL 32764

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    Claim this Listing
    For Lease
    $6,000/Mo $59 SF/Yr (calc)

    Mixed Use - OSTEEN, FL

    Type:Mixed Use
    Property size:
    1,210 SF
    Lot size:
    4.31 Acres
    Added:
    Dec 23, 2025
    Days on Market:
    159
    Last Refresh:
    May 31 at 12:06 am

    Property Features for 379 N SR 415

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Zoning
    01R4
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    9207-03-00-0010
    Size
    1,210 SF
    Lot size
    4.31 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4371.69

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Flooring type
    Hardwood, Tile
    Building materials
    Frame, Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Emerson

    Listing agent Richard Emerson License #3026799

    Listing office FLORIDA REALTY INVESTMENTS 3451 Technological Ave #11, Orlando, FL

    Listing date Dec 23, 2025

    MLS# V4946394 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial property with high‑visibility state road frontage and over 20,000 AADT.
    • 4.31 acres offering ample parking, outdoor storage, or future expansion potential.
    • Completely renovated building with a large reception area, expansive kitchen, bathroom, and three private rooms/offices.
    • Osteen Mixed Usage Village Classification allows for a wide range of commercial uses.
    • Easy ingress and egress, and a prominent location.
    • Turnkey commercial property with a large exterior covered deck.

    Overview

    This commercial property is situated on 4.31 acres and features state road frontage with high visibility and accessibility, benefiting from over 20,000 AADT (Annual Average Daily Traffic). The property includes a completely renovated 1,210 square foot building with a warm and inviting entrance, a large reception area, a beautiful expansive kitchen, a bathroom, and three private rooms/offices. It also features a large exterior covered deck. The renovations provide a clean, professional interior and exterior. The OSTEEN MIXED USAGE VILLAGE CLASSIFICATION, along with the expansive acreage, offers ample parking, outdoor storage, or future expansion potential, making this an ideal site for a wide range of commercial uses. The property is positioned for long-term success with strong traffic counts and easy ingress and egress.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Osteen
    County
    Volusia
    State
    Florida
    Longitude
    -81.160869
    Latitude
    28.852439

    FAQs

    What type of property is this?
    Mixed-use property - Turnkey commercial property with land, visibility, and flexibility.
    Where is this mixed-use property located?
    The property is located at 379 N SR 415 Osteen, FL.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Prime commercial property with high‑visibility state road frontage and over 20,000 AADT.; 4.31 acres offering ample parking, outdoor storage, or future expansion potential.; Completely renovated building with a large reception area, expansive kitchen, bathroom, and three private rooms/offices.
    (407) 416-7521
    We can help!
    Listing Contact
    Richard Emerson
    Real Estate License ID: 3026799
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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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