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    4605 Neptune Rd St. Cloud, FL 34769
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    4605 Neptune Rd St. Cloud, FL 34769

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    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 4605 Neptune Rd

    Year built
    1995
    Property type
    Office Spaces
    Property subtype
    Coworking space

    Description

    This exceptional 3,633-square-foot office building in St. Cloud, Florida, presents a remarkable opportunity for businesses seeking a move-in ready space. Located in Osceola County at 4605 Neptune Rd, zip code 34769, this single-tenant property boasts a prime location adjacent to a successful real estate and title company on a high-traffic road. Built in 1995, the one-story building offers a traditional office layout suitable for various professional uses, including but not limited to accounting, legal, or mortgage services. The space is fully furnished and pre-wired for phone lines and surround sound, enhancing functionality and convenience. Utilities are included, with rent covering both electricity and water. Ample parking is available on-site. The seller is open to considering buyer concessions, making this an even more attractive proposition. This is a rare chance to secure a fully equipped, conveniently located office space ready for immediate occupancy. The property is easily accessible and situated in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Cloud
    County
    Osceola
    State
    Florida
    Longitude
    -81.3167
    Latitude
    28.2485

    Comparable in this City

    • Value Estimation by Request
      3,633 SF

      4605 Neptune Rd

      Office Units • 3,633 SF
      4605 Neptune Rd, St. Cloud, FL 34769
      View Details
    • Value Estimation by Request
      223 SF

      1600 Budinger Ave, Unit 27

      CONDOMINIUM OFFICES • 223 SF
      1600 Budinger Ave, Saint Cloud, FL 34769-6008
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    • Value Estimation by Request
      223 SF

      1600 Budinger Ave, Unit 34

      CONDOMINIUM OFFICES • 223 SF
      1600 Budinger Ave, Saint Cloud, FL 34769-6008
      View Details
    • Value Estimation by Request
      2,066 SF

      1204 Michigan Ave

      Office Spaces • 2,066 SF
      1204 Michigan Ave, St. Cloud, FL 34769
      View Details
    • Value Estimation by Request
      1,712 SF

      13th Stb

      CONDOMINIUM OFFICES • 1,712 SF
      13th Stb, Saint Cloud, FL 34769
      View Details
    • Value Estimation by Request
      1,752 SF

      3008 17th St

      CONDOMINIUM OFFICES • 1,752 SF
      3008 17th St, Saint Cloud, FL 34769-6011
      View Details

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    St. Cloud, FL 34769
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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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