Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Winter Park Class A Office Title is generated by Realmo AI

    221 S Knowles Ave, Winter Park, FL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Class A office space in historic Winter Park.

    Type:OFFICE
    Property size:
    4,603 SF
    Lot size:
    0.45 Acres
    Added:
    Dec 7, 2023
    Days on Market:
    907
    Last Refresh:
    May 20 at 9:58 pm

    Property Features for 221 S Knowles Ave

    General Information

    Standard status
    Active
    Size
    4,603 SF
    Lot size
    0.45 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 221 S Knowles Ave Contact us

    We can help!

    Listing Contact
    Alex Rosario
    Alex Rosario

    Listing agent Alex Rosario

    Listing office Foundry Commercial - Corporate

    Listing date Dec 7, 2023

    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 Foundry Commercial - Corporate

    HighLights

    • Class A office suite in historic Winter Park
    • 4,603 SF of office or retail space
    • Secured parking in on‑site garage
    • On‑site property management

    Overview

    This Class A office suite is located in the heart of historic Winter Park. The property offers 4,603 square feet of office or retail space. On-site property management is available. Secured parking is available in the on-site garage.
    Location Intelligence

    Current Use by Public Records

    Duncan Ferran Inc Interior Design Fredlund Gallery Art Gallery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3501
    Latitude
    28.5993

    Nearby Similar for Lease

    • $4,500/Mo
      9,360 SF

      Equipped Church Facility Sublease Opportunity

      Sublease opportunity for a fully equipped church facility.
      7540 GRAND AVE, WINTER PARK, FL 32792
      View Details
    • $14,177/Mo
      184,510 SF

      Winter Park Assembly Building For Lease

      Sectioned portion of Calvary Church Orlando available for lease.
      1199 CLAY STREET, WINTER PARK, FL 32789
      View Details
    • $3,500/Mo
      23,760 SF

      Winter Park Warehouse Space Available

      2,100 SF commercial warehouse in Winter Park's business district.
      7307 SANDSCOVE COURT, WINTER PARK, FL 32792
      View Details
    • $30 SF/Yr
      2,000-14,210 SF

      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
      $129-$7,456/Mo
      11-1,292 SF

      FL, Winter Park - N Orlando Ave

      480 Orlando Ave, Winter Park, FL 32789
      View Details
    • $129-$8,186/Mo
      11-1,292 SF

      Heritage Park

      941 Morse Blvd, Unit 100, Winter Park, FL 32789
      View Details
    • $119,568 SF/Yr
      1,800 SF

      Winter Park Medical/Office Suites

      Prime leasing opportunity in Winter Park's active commercial corridor.
      2306 LEE Rd, Winter Park, FL 32789
      View Details
    • $84,000 SF/Yr
      4,500 SF

      New Flex Warehouse Winter Park

      Under construction flex warehouse space in Winter Park, Florida.
      687 HAROLD Ave, Winter Park, FL 32789
      View Details
    • $78,750 SF/Yr
      4,206 SF

      Retail Space in Winter Park

      Retail space available for rent in Winter Park, Florida.
      4550 PALMETTO AVENUE, WINTER PARK, FL 32792
      View Details
    • $25 SF/Yr
      3,623 SF

      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 SF/Yr
      136,747 SF

      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 SF/Yr
      18,971 SF

      Medical Office Space Near Hospital

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

    FAQs

    What type of property is this?
    Office units - Class A office space in historic Winter Park.
    Where is this office units located?
    The property is located at 221 S Knowles Ave Winter Park, FL.
    What are key features of this property?
    This property features: Class A office suite in historic Winter Park; 4,603 SF of office or retail space; Secured parking in on‑site garage
    (407) 540-7700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Rosario
    Alex Rosario
    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

    Thank You for Inquiry
    221 S Knowles Ave, Winter Park, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!