Sign Up Successful!
You now have access to more from Realmo!
    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

    1871 Aloma Ave Winter Park, FL 32789

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,700,000

    1.31-acre infill development site at a signalized intersection.

    Property size:
    1 SF
    Lot size:
    1.31 Acres

    Property Features for 1871 Aloma Ave

    General Information

    Size
    1 SF
    Lot size
    1.31 Acres

    We can help!

    Listing Contact
    Matthew Weinberger
    Matthew Weinberger
    Source: Lee-associates

    Listing Agent: Matthew Weinberger

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

    Learn more

    Overview

    Prime Winter Park Development Opportunity

    This 1.31-acre infill development opportunity is located at the corner of Aloma Avenue and Lakemont Avenue in Winter Park, Florida. The signalized intersection provides frontage and daily traffic. The site is surrounded by national and local retailers, offering potential for commercial, mixed-use, or retail development. The location is near Rollins College, AdventHealth Winter Park, and major thoroughfares. The Aloma Avenue and Lakemont Avenue corridor in Winter Park is a hub blending commercial vitality with community-focused development. Winter Park Corners, a 95,211-square-foot shopping center featuring Sprouts Farmers Market and Outback Steakhouse, benefits from high visibility and foot traffic. The Shoppes of Aloma, a fully leased retail strip center, is located near Publix and AdventHealth Winter Park.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3282669
    Latitude
    28.6007928

    Nearby Similar for Sale

    • $715,000
      Pending

      Winter Park Freestanding Office Building

      Single-story office building in Winter Park with high visibility.
      2306 Lee Rd, Winter Park, FL 32789
      View Details
    • $200,000

      Turnkey Pastry Production Business

      Fully equipped pastry production business with multiple revenue streams.
      1786 N Semoran Blvd, Winter Park, FL 32792
      View Details
    • $1,215,000
      2,284 SF

      Winter Park Duplex with Suites

      Duplex in Winter Park near Park Avenue and Winter Park Golf Course.
      726 N Pennsylvania Ave, Winter Park, FL 32789
      View Details
    • $485,000
      Pending

      Updated Duplex in Winter Park

      Updated duplex with rental income potential in a prime location.
      2608 Dora Ct, Winter Park, FL 32792
      View Details
    • $485,000
      Pending

      Income-Producing Duplex in Winter Park

      Winter Park duplex with renovated unit and tenant-occupied unit.
      131 Stefanik Rd, Winter Park, FL 32792
      View Details
    • $449,900
      1,197 SF

      Income-Producing Duplex in Central Orlando

      Income-producing duplex with detached in-law apartment, ideal for rentals.
      1518 Pinewood Dr, Winter Park, FL 32789
      View Details
    • $625,000
      Pending

      Winter Park Corner Lot Triplex

      Income-generating triplex in Winter Park near universities and downtown Orlando.
      1360 Formosa Ave, Winter Park, FL 32789
      View Details
    • New
      $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
    • New
      $1,500,000
      4,056 SF

      Lakefront Quadplex in Winter Park Area

      Lakefront quadplex near Winter Park, an opportunity to build/renovate.
      1903 S Lakemont Ave, Winter Park, FL 32792
      View Details
    • New
      $1,500,000
      1.10 Acres

      Lakefront Multifamily Property in Winter Park

      Lakefront property with six units in Winter Park, Florida.
      1903 S Lakemont Ave, 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
    • $225,000
      Pending

      Winter Park Office Space

      Well-maintained office space in Winter Park Commerce Center.
      3580 Aloma Ave, Winter Park, FL 32792
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.31-acre infill development site at a signalized intersection.
    Where is this commercial land located?
    The property is located at 1871 Aloma Ave Winter Park, FL.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: - Rare 1.31-acre infill development opportunity in Winter Park, Florida.; - Highly visible corner location at the signalized intersection of Aloma Avenue and Lakemont Avenue.; - Exceptional frontage and high daily traffic counts for outstanding exposure and accessibility.
    (239) 246-1030
    Request Owner's contact information
    1871 Aloma 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.
    1871 Aloma 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
    1871 Aloma 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
    Matthew Weinberger
    Matthew Weinberger
    Real Estate License ID: #SL3327690
    (239) 246-1030
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.