Add Listing
    For Lease
    • 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

    1353 Palmetto Ave Winter Park, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic building with office spaces available in Winter Park, FL.

    Type:OFFICE
    Property size:
    2,628 SF
    Lot size:
    0.35 Acres
    Added:
    Oct 11, 2022
    Days on Market:
    1271
    Last Refresh:
    Apr 1 at 11:42 pm

    Property Features for 1353 Palmetto Ave

    General Information

    Standard status
    Active
    Size
    2,628 SF
    Lot size
    0.35 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1353 Palmetto Ave Contact us

    We can help!

    Listing Contact
    Kevin Hollenbeck

    Listing agent Kevin Hollenbeck

    Listing office Demetree Real Estate Services

    Listing date Oct 11, 2022

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Demetree Real Estate Services

    Overview

    Winter Park Historic Office Space

    Located in Winter Park, Florida, this historic building offers office spaces for rent. The property benefits from heavy daytime traffic due to its location near a major intersection. Dining and shopping options are conveniently located within walking distance, and public transportation is easily accessible. Available spaces range from 937 square feet to 2,628 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Insurance Insurance Agency Dickinson & Co Insurance Agency Wendy Anderson PA Law Firm Constantly Healthy Counseling ... Family Counselor Steadfast Title Title Company

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -81.3633
    Latitude
    28.5862

    Nearby Similar for Lease

    • Contact for pricing

      Winter Park Mixed-Use Opportunity

      Double commercial lot in Winter Park, FL, for lease.
      5589 LAKE HOWELL ROAD, WINTER PARK, FL 32792
      View Details
    • Contact for pricing

      Winter Park Assembly Building For Lease

      Sectioned portion of Calvary Church Orlando available for lease.
      1199 CLAY STREET, WINTER PARK, FL 32789
      View Details
    • $30/mo

      Central Florida Breast Center

      Prime Winter Park location for healthcare, ASC, or diagnostic provider.
      2200 Glenwood Dr, Unit 1, Winter Park, FL 32792
      View Details
    • Sponsored
      Contact for pricing

      FL, Winter Park - N Orlando Ave

      480 Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Heritage Park

      941 Morse Blvd, Unit 100, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Winter Park Executive Center Office

      Move-in ready office suites with full-service leases available.
      1950 Lee Rd, Winter Park, FL 32789
      View Details
    • $30/mo

      Winter Park Retail/Office Space

      Ground floor space in Winter Park near Rollins College.
      421 West Fairbanks Avenue, Winter Park, FL 32789
      View Details
    • $22/mo

      Medical Office Space Available

      First-floor medical suite in Winter Park Medical Building for rent.
      1400 S Orlando Ave, Winter Park, FL 32789
      View Details
    • $25/mo

      Winter Park Standalone Office Building

      Two-story office building with high visibility and retail exposure.
      1844 W FAIRBANKS AVE, Winter Park, FL
      View Details
    • $26/mo

      Winter Park Office Building For Rent

      Three-story office building with ample parking and convenient location.
      1850 Lee Road, Winter Park, FL 32789
      View Details
    • $25/mo

      Medical Office Space Near Hospital

      First-floor medical office space with existing build-out near AdventHealth.
      Winter Park, FL 32792
      View Details
    • $32/mo

      Medical Office Near AdventHealth

      Class A medical office building adjacent to hospital campus.
      2111 Glenwood Dr, Winter Park, FL
      View Details

    FAQs

    What type of property is this?
    Office units - Historic building with office spaces available in Winter Park, FL.
    Where is this office units located?
    The property is located at 1353 Palmetto Ave Winter Park, FL.
    What are key features of this property?
    This property features: Located in the gateway to Winter Park; Dining and shopping within walking distance; Heavy daytime traffic near major intersection
    (407) 422-8191 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Hollenbeck
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!