Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    503 N Interlachen Ave Winter Park, FL 32789

    Sponsored
    For Sale
    $4,500,000

    Land - WINTER PARK, FL

    Lot size:
    0.48 Acres
    Days on Market:
    35
    Last Refresh:
    Mar 3 at 1:06 pm

    Property Features for 503 N Interlachen Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    APN
    05-22-30-9400-17-071
    Exterior features
    Paved
    Lot size
    0.48 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Price
    Kelly Price

    Kelly Price & Company (407) 645-4321

    Listing agent Kelly Price (407) 645-4321 License #571579

    Listing date Jan 28, 2026

    MLS# O6331207 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

    Downtown Winter Park Vacant Lot

    This 0.48-acre vacant lot is zoned R-3 and suitable for multi-family development. The property is located near the intersection of N. Interlachen Avenue and Canton Avenue, one block from Park Avenue's shops, restaurants, and businesses. Future residents can walk along Winter Park's brick streets near the chain of lakes. Nearby attractions include the Winter Park Farmer's Market, the Winter Park Golf Course, Casa Feliz, and Central Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa Disena Apartments Apartment Complex

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3491
    Latitude
    28.601381

    Nearby Similar for Sale

    • $695,500
      1,656 SF

      Winter Park Professional Office Building

      Free-standing Winter Park office building in a prime location.
      1977 Dundee Dr, Winter Park, FL 32792
      View Details
    • $725,000
      4,104 SF

      Winter Park Commercial Corner Lot

      Commercial property in Winter Park, Florida, suitable for various uses.
      3377 Forsyth Rd, Winter Park, FL 32792
      View Details
    • $2,800,000
      16,437 SF

      Winter Park Mixed-Use Opportunity

      Two buildings in Winter Park near Costco and Full Sail.
      3425 Forsyth Rd, Winter Park, FL 32792
      View Details
    • $425,000
      1,197 SF

      Income-Producing Duplex in Central Orlando

      Duplex with detached in-law apartment, ideal for rental.
      1518 Pinewood Dr, Winter Park, FL 32789
      View Details
    • $7,150,000
      12,500 SF

      Winter Park Triplex Investment Opportunity

      Luxury triplex in a fast-growing market with income potential.
      2412 Chantilly Ave, Winter Park, FL 32789
      View Details
    • $549,000
      1,884 SF

      Winter Park Office Investment

      Prime Winter Park office building with C-1 zoning.
      4965 N Palm Ave, Winter Park, FL 32792
      View Details
    • $399,000
      633 SF

      Park Avenue Office Condo For Sale

      633± SF office condo with dedicated parking on Park Avenue.
      2180 North Park Ave, Winter Park, FL 32789
      View Details
    • $2,500,000
      2,010 SF

      Winter Park Drive-Through Restaurant

      Drive-through restaurant property on Aloma Avenue for sale.
      2212 Aloma Ave, Winter Park, FL 32792
      View Details
    • $3,400,000
      13,034 SF

      Winter Park Commercial Building For Sale

      Two-story building on 0.64 acres in Winter Park, Florida.
      1000 S Orlando Ave, Winter Park, FL 32789
      View Details
    • $9,000,000
      54,349 SF

      Winter Park Sports Complex Opportunity

      Premier sports complex with bar/restaurant mezzanine and ample parking.
      4304 Metric Dr, Winter Park, FL 32792
      View Details
    • Contact for pricing
      1,517 SF

      Winter Park Retail Space Available

      Retail space with storefront glass and ample parking.
      2015 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      6,120 SF

      Winter Park Bank Building

      6,120 SF multi-tenanted building in Winter Park, Florida.
      862 Orlando Ave, Winter Park, FL 32789
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 0.48 acre vacant lot in downtown Winter Park.
    Where is this residential land & home lot located?
    The property is located at 503 N Interlachen Ave Winter Park, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Rare 0.48 acre vacant lot in downtown Winter Park.; - Zoned R-3 for multi-family development, ideal for luxury townhomes or condos.; - Prime location: Just 1 block to Park Avenue shops, restaurants, and businesses.
    (407) 645-4321
    Request Owner's contact information
    503 N Interlachen Ave Winter Park, FL 32789
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    503 N Interlachen Ave
    Winter Park, FL 32789
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    503 N Interlachen Ave Winter Park, FL 32789
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kelly Price
    Kelly Price
    Real Estate License ID: 571579
    (407) 645-4321 (407) 252-7207 (407) 644-9506
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!