Corner Office
For Sale
$2,500,000
1477 W FAIRBANKS AVE, Winter Park, FL 32789
Office building located on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park.
Property Size6,049 SF
Days on Market105
Property Features for 1477 W FAIRBANKS AVE
General Information
Standard status
Active
Size
6,049 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$15,937
Building Details
Building Size
6,049 SF
Year Built
1948
Listing Agency:
FANNIE HILLMAN & ASSOCIATES
Listed By:
Sharon Helsby · License #490967
(407) 620-3633
Source:
Novaorlando
Added: Jul 9
Changed: Oct 10
Last Checked: Oct 21 at 6:04AM
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 FANNIE HILLMAN & ASSOCIATES
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is offered for sale and sits at a street-corner location. The property is addressed at 1477 W Fairbanks Avenue, Winter Park, FL 32789.
Access is described from I-4 via the Fairbanks Avenue exit, traveling east. The building is located on the left before 17-92 and is positioned on the corner of Fairbanks Avenue and Lakeview Avenue.
The listing information also notes a total property size of 6,049 square feet.
Access is described from I-4 via the Fairbanks Avenue exit, traveling east. The building is located on the left before 17-92 and is positioned on the corner of Fairbanks Avenue and Lakeview Avenue.
The listing information also notes a total property size of 6,049 square feet.
Key Highlights
- Office building on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park
- Central air conditioning with zoned cooling
- Central electric heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,372
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,440
$1.8M
Cap Rate 7%
$1,291,029
$1.3M
Cap Rate 9%
$1,004,133
$1.0M
Market Conditions
NOI Build-Up for 6,049 SF
Gross rent
$145.2K $24.00/SF
− Vacancy
−$24.7K −$4.08/SF
EGI
$120.5K $19.92/SF
− OpEx
−$30.1K −$4.98/SF
NOI
$90.4K $14.94/SF
Area
Orange County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,440
Cap Rate 7%
$1,291,029
Cap Rate 9%
$1,004,133
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,372 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,496 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,573
Businesses Nearby
Explore this area
Business Placement
Demographics for 32789, FL
26,399
Population
12,945
Households
2
Avg Household Size
44
Median Age
63%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,213
Median Household Income
$65,652
Median Earnings
$1,667
Median Rent
$695,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building located on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park.
Where is this office building located?
The property is located at 1477 W FAIRBANKS AVE Winter Park, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Office building on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park; Central air conditioning with zoned cooling; Central electric heating
