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    The Largest CRE Database in the US with Over 1 Million Listings

    433 N Hiawassee Rd Orlando, FL 32835

    Sponsored
    For Sale
    $550,000

    Land - ORLANDO, FL

    Lot size:
    1.44 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 2 at 1:06 am

    Property Features for 433 N Hiawassee Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1AA
    APN
    25-22-28-0000-00-020
    Pets allowed
    Cats OK, Dogs OK
    Exterior features
    Corner Lot
    Lot size
    1.44 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Grooms

    Owner (407) 697-4311

    Listing agent Heather Grooms (407) 697-4311 License #3385143

    Listing date Jan 30, 2026

    MLS# O6374922 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.

    Learn more

    Property Insight Report

    Overview

    Orlando Land With Development Potential

    This offering features 1.44 acres of buildable land in Orlando. Currently zoned R-1AA, the property allows for the development of up to five single-family homes. There is potential to increase density through the new Orange County zoning code, with future development possibilities of up to 71 residential units, subject to county approvals. A pre-application meeting is already scheduled. The property offers the ability to build immediately under existing zoning, while also exploring higher-density redevelopment options through the entitlement and pre-application process already underway. The location provides connectivity, with minutes to SR-408 (East-West Expressway) and easy access to Interstate 4 (I-4), SR-429, and Florida’s Turnpike. It has central access to Downtown Orlando and major employment hubs. The property is located within highly sought-after school zones in an established residential community, close to shopping, dining, and entertainment. Nearby amenities include H Mart, Amazon Distribution Center, and major retail corridors. Universal Studios is just minutes away, and Walt Disney World is approximately 20 minutes away. This Central Florida real estate is suited for residential developers, builders, land investors, and mixed-use or multifamily development strategies. The adjacent parcel is also available, creating an opportunity to assemble land and significantly expand development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.474673
    Latitude
    28.547241

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    FAQs

    What type of property is this?
    Residential land & home lot - 1.44 acres of buildable land with high-density potential.
    Where is this residential land & home lot located?
    The property is located at 433 N Hiawassee Rd Orlando, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - 1.44 acres of buildable land in a desirable West Orlando location (32835).; - Potential for high-density development of up to 71 residential units, subject to county approvals.; - Currently zoned for up to five single-family homes, allowing for immediate building.
    (407) 697-4311
    Request Owner's contact information
    433 N Hiawassee Rd Orlando, FL 32835
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    Orlando, FL 32835
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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
    433 N Hiawassee Rd Orlando, FL 32835
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    We can help!
    Listing Contact
    Heather Grooms
    Real Estate License ID: 3385143
    (407) 697-4311
    Learn more
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