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    Property profile & analytics

    1151 Sugar Mill Rd Oviedo, FL 32765

    • Mixed-use properties
    • 168,000 SF
    • 3.86 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 1151 Sugar Mill Rd

    Year built
    2020
    Lot size
    3.86 lot acres
    Property size
    168,000 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 3.86-acre vacant commercial lot, located at 1151 W Sugar Mill Road in Oviedo, Florida, presents a remarkable investment opportunity. Boasting over 625 feet of frontage on Oviedo Mall Boulevard, this property enjoys exceptional visibility with approximately 7,200 cars passing daily. The lot is zoned for vacant commercial use, offering immense potential for a multitude of business ventures. Built in 2020, the property encompasses a substantial 168,000 to 168,200 square feet and is currently vacant, providing a blank canvas for development. Its strategic location, just over 417 from the Oviedo Mall, further enhances its appeal and accessibility. The property's APN is 16-21-31-5CA-0000-118A, and the asking price is $1,400,000. This is a rare chance to acquire a prime commercial property in a thriving Florida market. The property's size and location make it ideal for a variety of uses, from retail to office space, and its high visibility ensures maximum exposure for any business. Don't miss this opportunity to secure a prominent location in a rapidly growing area. The Seminole County location and 32765 zip code offer easy access to major transportation routes and amenities.

    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
    -81.2284
    Latitude
    28.6615

    Comparable in this City

    • Value Estimation by Request
      200,000 SF

      1151 Sugar Mill Rd

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    • Value Estimation
      $1,965,000
      3,455 SF

      1409 Flanagan Ln

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    • Value Estimation
      $570,000
      2,076 SF

      2300 Alafaya Trl

      STORE/OFFICE (MIXED USE) • 2,076 SF
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    • Value Estimation
      $745,000
      1,310 SF

      424 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,310 SF
      424 Central Ave, Oviedo, FL 32765-9032
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    • Value Estimation by Request
      768 SF

      360 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 768 SF
      360 Central Ave, Oviedo, FL 32765-9030
      View Details
    • Value Estimation by Request
      360 SF

      Oviedo, FL 32765

      STORE/OFFICE (MIXED USE) • 360 SF
      Oviedo, FL 32765
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space in Oviedo, FL

      Retail space available for lease in Oviedo, Florida.
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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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