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    2785 Wrights Rd Oviedo, FL 32765
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    2785 Wrights Rd, Oviedo, FL 32765

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    • Warehouses
    • 6,566 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mako Shark Electric LLC / Electrical Service / General Contractor
    • Jir Service Inc / Electrical Service / General Contractor
    • Coffee Street Sales & Service LLC / Cafe & Coffee Shop / Bar & Pub
    • Estate Sales By Emerald / Real Estate Agency
    • The Lens Depot.Com / Tech Support Center / Rental Equipment Company

    Property Details for 2785 Wrights Rd

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    Aloma Commerce Center in Oviedo, Florida, offers 6,566 square feet of immediately available space in a multi-tenant building. This property, located at 2785 Wrights Rd, 32765, is classified as Office, Industrial, encompassing Traditional Office, Flex, and Warehouse subtypes. The building is comprised of four smaller industrial/flex buildings, providing a convenient and accessible location along SR-426, with easy access to SR-417, Seminole County, and Orlando. The minimum divisible space is 1,876 square feet, with a maximum contiguous space of 4,690 square feet. The entire 6,566 square feet is currently vacant and available for lease. This prime location offers excellent proximity to the University of Central Florida and Valencia College, as well as Winter Park, making it an attractive option for businesses seeking a strategic location in Seminole County. The property's versatile space is suitable for a range of business needs, from traditional office setups to flexible industrial operations, and warehouse storage. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.2534
    Latitude
    28.6199

    Comparable in this City

    • Value Estimation by Request
      1,876 SF

      2781 Wrights Rd

      Distribution properties
      2781 Wrights Rd, Oviedo, FL 32765
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    • Value Estimation
      $3,160,000
      15,960 SF

      550 Kane Ct Ste, Unit 100

      DISTRIBUTION WAREHOUSE
      550 Kane Ct Ste, Oviedo, FL 32765-6642
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    • Value Estimation
      $12,805,000
      40,511 SF

      1700 Broadway St

      DISTRIBUTION WAREHOUSE
      1700 Broadway St, Oviedo, FL 32765-9732
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    • Value Estimation
      $830,000
      2,080 SF

      801 Eyrie Dr

      DISTRIBUTION WAREHOUSE
      801 Eyrie Dr, Oviedo, FL 32765-3900
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    • Value Estimation
      $15,220,000
      93,984 SF

      1010 Lockwood Blvd

      DISTRIBUTION WAREHOUSE
      1010 Lockwood Blvd, Oviedo, FL 32765-6027
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    • Value Estimation
      $9,655,000
      52,760 SF

      3651 Alafaya Trl

      DISTRIBUTION WAREHOUSE
      3651 Alafaya Trl, Oviedo, FL 32765-7662
      View Details

    Similar Nearby for Sale

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      Oviedo Industrial Property For Sale

      10,000 SF industrial property with office and storage space.
      551 S Econ Cir, Oviedo, FL 32765
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      10,000 SF

      Oviedo Flex Space Opportunity

      10,000 SF flex space near UCF and major highways.
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      Class A Medical/Professional Office

      Turnkey medical/professional office space with high-end finishes in Oviedo, FL.
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    • $1,400,000
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      Oviedo Commercial Land For Sale

      3.86 acre commercial land parcel in Oviedo, Florida.
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      Medical Office Building on Alafaya

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    Similar Nearby for Lease

    • $15 SF/Yr

      Office Warehouse in South Park

      6,351 SF office/warehouse space for lease near UCF.
      531 South Econ Cir, Oviedo, FL 32765
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    • Contact for pricing
      33,520 SF

      Oviedo Flex/Industrial Space Available

      Flex/Industrial space for rent near UCF and Orlando Research Park.
      5700 Dot Com Ct, Oviedo, FL 32765
      View Details
    • Contact for pricing
      35,091 SF

      Oviedo Flex/Industrial Space Available

      Flex/Industrial space in Oviedo, near UCF and Orlando Research Park.
      5700-5712 Dot Com Ct, Oviedo, FL 32765
      View Details
    • Contact for pricing

      Retail/Professional Plaza Near UCF

      Retail and professional spaces available near the University of Central Florida.
      50 Gemini Blvd N, Orlando, FL 32765
      View Details
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    Oviedo, FL 32765
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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
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