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    1020 Spring Villas Pt Winter Springs, FL 32708
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    Property profile & analytics

    1020 Spring Villas Pt, Winter Springs, FL 32708

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    • Office buildings
    • 1,216 SF
    • 0.35 lot acres
    For Sale
    $150,000
    View Listing →
    Office Pad Ready For Sale For Sale
    $150,000

    Office Pad Ready For Sale

    Entitled office pad ready for building permit.

    1020 Spring Villas Point, Winter Springs, FL 32708
    View Listing
    Property ID
    US18-9811155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1020 Spring Villas Pt

    Year built
    1989
    Construction
    CONCRETE BLOCKS
    Lot size
    0.35 lot acres
    Property type
    Office buildings
    APN
    24-21-30-503-0000-0030
    APU
    24213050300000030

    Description

    This exceptional 1,200 square foot office pad, located at 1020 Spring Villas Point in Winter Springs, Florida (zip code 32708), presents a unique opportunity for immediate development. The property, identified by APN 24213050300000030, is zoned C-1 within unincorporated Seminole County and is already entitled for the construction of a 1,200 square foot office building. This significantly reduces the time and cost associated with obtaining necessary permits. The site boasts a convenient location just off Red Bug Lake Road, offering excellent visibility and accessibility. Its proximity to major thoroughfares like Tuskawilla Road, SR 436 (Semoran Blvd), and SR 417 (GreeneWay) ensures easy commutes for employees and clients. The land is "pad ready," meaning that essential infrastructure, including parking and utilities, is already in place. This makes it an ideal location for a variety of professional services, including medical practices and law offices. The asking price for this turnkey opportunity is $150,000. Don't miss this chance to acquire a prime commercial lot in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winter Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.2747
    Latitude
    28.6457
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,788
    $0.00
    $0.00
    $221,068
    -
    $115,500
    $105,568
    $221,068

    Comparable in this City

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      $3,310,000
      23,022 SF

      1135 State Rd 434

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      1135 State Rd 434, Winter Springs, FL 32708-2746
      View Details
    • Value Estimation
      $680,000
      2,774 SF

      3350 State Rd 419

      OFFICE BUILDING
      3350 State Rd 419, Winter Springs, FL 32708-2669
      View Details
    • Value Estimation
      $590,000
      4,094 SF

      205 State Rd 434

      OFFICE BUILDING (MULTI-STORY)
      205 State Rd 434, Winter Springs, FL 32708-5329
      View Details
    • Value Estimation
      $670,000
      3,316 SF

      5733 Canton Cv

      PROFESSIONAL BUILDING
      5733 Canton Cv, Winter Springs, FL 32708-5079
      View Details
    • Value Estimation
      $620,000
      4,305 SF

      501 State Rd 434

      PROFESSIONAL BUILDING
      501 State Rd 434, Winter Springs, FL 32708-2485
      View Details
    • Value Estimation
      $1,960,000
      13,616 SF

      301 State Rd 434

      PROFESSIONAL BUILDING
      301 State Rd 434, Winter Springs, FL 32708-2567
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      Professionally Managed Office Condo

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    • $150,000

      Office Pad Ready For Sale

      Entitled office pad ready for building permit.
      1020 Spring Villas Pt, Winter Springs, FL 32708
      View Details
    • $499,800
      Pending

      C-2 Zoned Auto Property

      Seminole County C-2 zoned property suitable for autobody and paint.
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      View Details
    • Contact for pricing

      C-2 Zoned Auto Property

      Seminole County C-2 zoned property suitable for autobody and paint.
      1050 Nursery Rd, Winter Springs, FL 32708
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      Willa Springs Commercial Land

      1.52 acres fully entitled for medical/flex space.
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    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Spaces Available

      Professional office spaces for rent with convenient parking.
      1100 Town Plaza Ct, Winter Springs, FL 32708
      View Details
    • $1,400 /Mo
      687 SF

      Professional Office Suite in Winter Springs

      Well-maintained office suite suitable for various professional uses.
      910 Belle Ave, Winter Springs, FL 32708
      View Details
    • $16,800 /Mo

      Professional Office Suite in Florida

      Well-maintained office suite suitable for various professional uses.
      910 Belle Ave, Winter Springs, FL 32708
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    • Contact for pricing
      1,031 SF

      Winter Springs Office Space Available

      Office space available for rent in Winter Springs, Florida.
      1301 Winter Spring Blvd, Winter Springs, FL 32708
      View Details
    • Contact for pricing
      3,958 SF

      Class A Office/Medical Building

      Three-story office/medical building with tenant improvement package available.
      1135 E State Road 434, Winter Springs, FL 32708
      View Details
    View Listing
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    Winter Springs, FL 32708
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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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    1020 Spring Villas Pt, Winter Springs, FL, 32708
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