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    4749 Hargrave St Orlando, FL 32803

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    For Sale
    $600,000

    Flexible commercial space near key Orlando locations.

    Property size:
    1,098 SF
    Lot size:
    0.16 Acres

    Property Features for 4749 Hargrave St

    General Information

    Standard status
    Active
    Size
    1,098 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Emma Kaplan
    Source: Corcoran

    Listing Agency: BALDWIN PARK REALTY LLC Listing Agent: Emma Kaplan

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

    Learn more

    Overview

    Versatile Commercial Property in Orlando

    Located at 4749 Hargrave St, Orlando, FL 32803, this commercial property offers approximately 1,098 sq ft of flexible space suitable for various business applications. The property is situated just off Semoran Blvd and Colonial Drive, providing excellent visibility and easy access to key roadways. Its location near Baldwin Park and close to Winter Park ensures high traffic and proximity to local amenities, including major hospitals, clinics, and transportation hubs. The property is zoned ORL-MU-2/AN (Mixed-Use 2 / Airport North Overlay), allowing for versatile uses such as medical offices, laboratories, retail businesses, and professional services. The unit is divided into two separate spaces: Unit 1 (754 sq ft) and Unit 2 (344 sq ft). Unit 2 includes an ADA-accessible bathroom, and both units provide ramp access. The property's proximity to Downtown Orlando and Orlando International Airport, combined with a growing commercial and residential area, offers excellent potential for businesses seeking a prime location with great visibility. This property presents an exceptional opportunity for businesses looking to establish or expand their presence in Orlando.
    Location Intelligence

    Current Use by Public Records

    Asim Medical Medical Clinic

    Suggested Use

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

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

    Similar Places Nearby

    Animal Hospital at Baldwin Park, PetSmart Veterinary Services - Orlando (Fashion Square Mall), Banfield Pet Hospital, Paws Calls

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3277412
    Latitude
    28.5546091

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    FAQs

    What type of property is this?
    Medical Office Space - Flexible commercial space near key Orlando locations.
    Where is this medical office space located?
    The property is located at 4749 Hargrave St Orlando, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime location off Semoran Blvd and Colonial Drive with excellent visibility and easy access to key roadways.; - Zoned ORL-MU-2/AN (Mixed-Use 2 / Airport North Overlay) offering versatility for medical offices, retail, and professional services.; - Divided into two units (754 sq ft and 344 sq ft) providing flexible space configurations.
    (407) 942-7542
    Request Owner's contact information
    4749 Hargrave St Orlando, FL 32803
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    Orlando, FL 32803
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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
    4749 Hargrave St Orlando, FL 32803
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    Listing Contact
    Emma Kaplan
    Real Estate License ID: 3559560
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