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    1250 Piedmont Wekiwa Rd Apopka, FL 32703

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    For Sale
    $2,200,000

    Well-maintained church property with versatile space and serene surroundings.

    Property size:
    6,330 SF
    Lot size:
    2.73 Acres

    Property Features for 1250 Piedmont Wekiwa Rd

    General Information

    Standard status
    Active
    Size
    6,330 SF
    Lot size
    2.73 Acres

    Building Details

    Year built
    1959

    We can help!

    Listing Contact
    Tia Maldonado
    Source: Corcoran

    Listing Agency: CHARLES RUTENBERG REALTY ORLANDO Listing Agent: Tia Maldonado

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

    Learn more

    Overview

    Apopka Church Property For Sale

    Located on Piedmont Wekiwa Road in Apopka, Florida, this property is near U.S. Hwy. 441 (Orange Blossom Trail) and S.R. 436. The church property is situated on 2.73 acres, including 1.06 acres of submerged land featuring Lake Page. The net land area is 1.67 acres, equivalent to 72,745 square feet. The one-story building has a combination of concrete block and frame construction, with a pitched shingle roof that was replaced in 2023. The building has 6,836 square feet of gross building area, with 6,330 square feet of net rentable area, divided into three sections. The Fellowship Hall, built in 1959, spans 2,890 square feet and includes a dining area and kitchen, accommodating up to 75 individuals. Adjacent to the Fellowship Hall are classrooms and administration offices. The Sanctuary Building, constructed in 1990, covers 3,440 square feet and seats 180 individuals in pew-style seating. The property also features a baptistry. The property has asphalt paved parking and a drive-thru area, along with a sodded overflow parking area. The property is zoned as a Planned Development by the City of Apopka, suitable for religious, educational, or community-oriented purposes. Recent improvements include a new sanctuary ceiling, new LED lighting throughout the entire property, and two new 10-ton central air conditioning units.
    Location Intelligence

    Current Use by Public Records

    Christ International Church Church Wekiwa Spanish SDA ... Church Tikes N Tiaras ... Daycare Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.4708561
    Latitude
    28.6585893

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    FAQs

    What type of property is this?
    Church & religious facility - Well-maintained church property with versatile space and serene surroundings.
    Where is this church & religious facility located?
    The property is located at 1250 Piedmont Wekiwa Rd Apopka, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Prime location in Apopka, FL, with excellent connectivity to U.S. Hwy. 441 and S.R. 436; - Versatile 2.73-acre property with a well-maintained 6,836 sq ft building suitable for religious, educational, or community purposes; - **New roof installed in 2023, new sanctuary ceiling, and new LED lighting throughout the entire property**
    (407) 391-5049
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    1250 Piedmont Wekiwa Rd Apopka, FL 32703
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    Apopka, FL 32703
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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
    1250 Piedmont Wekiwa Rd Apopka, FL 32703
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    We can help!
    Listing Contact
    Tia Maldonado
    Real Estate License ID: 3275626
    (407) 391-5049 (407) 622-2122
    Learn more
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