Add Listing
    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

    1085 Belle Ave Casselberry, FL 32708

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-NOI Warehouse, 26,182 SF, NNN Lease

    Property size:
    26,182 SF

    Property Features for 1085 Belle Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    26,182 SF
    Lot Size
    151,153 SF

    We can help!

    Listing Contact
    Sam King
    Sam King

    Listing Agency: Cushman & Wakefield Orlando Listing Agent: Sam King

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

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a 26,182-square-foot warehouse located at 1085 Belle Ave, Winter Springs, FL 32708, in Seminole County. The property boasts a strong financial profile, featuring a Net Operating Income (NOI) of $236,370 upon lease renewal. Currently occupied under a single-tenant, NNN lease expiring April 30, 2029 (5-year remaining term), the lease includes 3% annual escalations. The warehouse itself is a 20' ceiling height metal building with 12 loading docks and is fully insulated, further enhanced by multiple large industrial fans. Situated on a 3.47-acre lot with Commercial General zoning, this property offers significant upside potential upon lease expiration. An additional 5 acres of contiguous land are also available for acquisition. The APN is 04-21-30-521-0000-0020. The asking price for this prime industrial asset is $4,900,000. This is a rare opportunity to acquire a well-located, high-performing warehouse with a strong tenant and significant future growth potential. A personal guarantee is in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jakubowski Sports Rehabilitation Medical Clinic Marucci Hitter’s House ... Arcade & Gaming Center Foundation Sports Performance Gym & Fitness Center Orlando Scorpions Gym & Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Casselberry
    County
    Seminole
    State
    Florida
    Longitude
    -81.3142059
    Latitude
    28.69372

    Nearby Similar for Sale

    • $649,900
      1,700 SF

      Versatile Flex Space Warehouse

      Flex space warehouse with strategic location and versatile operations.
      201 Reece Way, Casselberry, FL 32707
      View Details
    • $1,350,000
      Pending

      Casselberry Showroom and Office Building

      Two-story building with showroom and office space for sale.
      850 State Road 436, Casselberry, FL 32707
      View Details
    • $99,000

      Turnkey Nail Salon Opportunity

      Fully equipped nail salon for sale on busy Semoran Blvd.
      865 Fl-436, Casselberry, FL 32707
      View Details
    • $1,200,000
      0.64 Acres

      Commercial Building on Winter Park Drive

      Freestanding commercial building with versatile zoning in Casselberry, Florida.
      940 S Winter Park Dr, Casselberry, FL 32707
      View Details
    • Contact for pricing
      3,716 SF

      Freestanding Building on Red Bug

      Freestanding building with high visibility and ample parking.
      1001 Red Bug Lake Rd, Casselberry, FL 32707
      View Details
    • $2,732,000

      Freestanding Retail Property For Sale

      Freestanding, fully renovated Verizon Wireless location with strong retail visibility.
      1082 State Road 436, Casselberry, FL 32955
      View Details
    • Contact for pricing
      2,110 SF

      Casselberry Office Building For Sale

      2,110 SF office building with redevelopment opportunity.
      3490 S Us Hwy, Casselberry, FL
      View Details
    • $195,900

      Classy Office Unit in Plaza

      High-end office unit in Sternon Plaza, Winter Springs, FL.
      1073 Willa Springs Dr, Casselberry, FL 32708
      View Details
    • Contact for pricing

      Casselberry Freestanding Buildable Site

      Freestanding Casselberry building suitable for banks or medical offices.
      Casselberry, FL 32707
      View Details
    • Contact for pricing
      5,764 SF

      Casselberry Commercial Property on Semoran

      Two buildings totaling 5,764 SF on 0.48 AC for sale.
      800 E Semoran Blvd, Casselberry, FL
      View Details
    • $12,000,000
      85,560 SF

      Large Retail Storefront on SR 436

      High-traffic retail store for sale on SR 436.
      204 Sr 436, Casselberry, FL 32707
      View Details
    • $2,500,000

      Casselberry Commercial Property for Sale

      Commercial property available in Casselberry, Florida.
      231 Concord Dr, Casselberry, FL 32707
      View Details

    FAQs

    What type of property is this?
    Distribution property - High-NOI Warehouse, 26,182 SF, NNN Lease
    Where is this distribution property located?
    The property is located at 1085 Belle Ave Casselberry, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: $4,900,000 asking price for this 26,182 SF industrial warehouse.; NNN lease with a single tenant, expiring April 30, 2029 (5-year remaining term).; 100% occupancy with a current NOI of $236,370.
    (407) 949-0898 Call to check price and availability
    Request Owner's contact information
    1085 Belle Ave Casselberry, FL 32708
    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.
    1085 Belle Ave
    Casselberry, FL 32708
    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
    1085 Belle Ave Casselberry, FL 32708
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam King
    Sam King
    Real Estate License ID: FL3406051
    (407) 949-0898
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!