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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2785 Wrights Rd Oviedo, FL 32765

    • 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 size
    6,566 SF
    Property type
    Warehouses
    Property subtype
    Office Properties & 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 • 1,876 SF
      2781 Wrights Rd, Oviedo, FL 32765
      View Details
    • Value Estimation by Request
      1,294 SF

      2588 Connection Pt Ste, Unit 1138

      DISTRIBUTION WAREHOUSE • 1,294 SF
      2588 Connection Pt Ste, Oviedo, FL 32765-6491
      View Details
    • Value Estimation
      $1,045,000
      8,400 SF

      1399 County Rd 426

      DISTRIBUTION WAREHOUSE • 8,400 SF
      1399 County Rd 426, Oviedo, FL 32765-7108
      View Details
    • Value Estimation
      $3,550,000
      24,400 SF

      226 Cress Run, Unit 1000

      DISTRIBUTION WAREHOUSE • 24,400 SF
      226 Cress Run, Oviedo, FL 32765-7738
      View Details
    • Value Estimation
      $14,210,000
      91,690 SF

      579 Econ Cir

      DISTRIBUTION WAREHOUSE • 91,690 SF
      579 Econ Cir, Oviedo, FL 32765-4304
      View Details
    • Value Estimation
      $18,500,000
      121,494 SF

      820 Oviedo Mall Blvd

      DISTRIBUTION WAREHOUSE • 121,494 SF
      820 Oviedo Mall Blvd, Oviedo, FL 32765-9348
      View Details

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      Oviedo Commercial Land For Sale

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      Oviedo Restaurant - Prime Location

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    Similar Nearby for Lease

    • $19 SF/Yr
      1,876 SF

      Oviedo Industrial Space For Lease

      Versatile Oviedo space, 938-1876 sqft.
      2781 Wrights Rd, Oviedo, FL 32765
      View Details
    • $15 SF/Yr
      14,255 SF

      Office Warehouse in South Park

      6,351 SF office/warehouse space for lease near UCF.
      531 South Econ Cir, Oviedo, FL 32765
      View Details
    • $17,400 /Mo

      Versatile Warehouse with Office Space

      Warehouse and office space near 417 Expressway, Oviedo, Florida.
      431 Aulin Ave, Oviedo, FL 32765
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    • $15 SF/Yr
      53,000 SF

      Oviedo Flex Space: 53,000 SF

      Prime Oviedo flex space, multiple suites available.
      2460-2466 Sr 426, Oviedo, FL 32765
      View Details
    • 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
      16 SF

      Oviedo Flex/Industrial Building Complex

      Small bay industrial/flex complex, convenient location near 417 in Oviedo.
      2789 Wrights Rd, Oviedo, 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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