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    Property profile & analytics

    1030 Herman Ave Orlando, FL 32803

    • Commercial real estate
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0157534
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1030 Herman Ave

    Lot size
    0.31 lot acres
    Property type
    Commercial real estate
    APN
    21-22-30-3932-05-080

    Description

    This 0.31-acre commercial land parcel, located at 1030 Herman Avenue in Orlando, Florida (zip code 32803), presents a compelling investment opportunity. The property, identified by APN 21-22-30-3932-05-080, is offered at an asking price of $499,000 and features fee simple ownership. Situated in Orange County within the Jamajo subdivision, this high and dry lot is zoned R-2, making it suitable for residential development, such as a single-family home or duplex. Its central Florida location offers easy access to Baldwin Park and benefits from a thriving real estate market. The property's ideal development site characteristics and strategic location in the heart of Central Florida make it an attractive prospect for investors and developers seeking to capitalize on the area's growth. This is a chance to acquire a well-positioned parcel of land with significant potential in a dynamic market. The lot size is 0.31 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.323941
    Latitude
    28.557976

    Comparable in this City

    • $995,000

      Commercial Land Near Downtown Orlando

      Commercial land ideal for professional office, legal, or financial services.
      1205 Mount Vernon St, Orlando, FL 32803
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    • $1,050,000

      Commercial Land For Sale

      Commercial land available for sale.
      916 Maltby St, Orlando, FL 32803
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    • $359,000

      Spacious Lot in Audubon Park

      Large lot near shops, restaurants, and zoned for great schools.
      2312 Corrine Dr, Orlando, FL 32803
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    • New
      $345,000
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      Orlando Land in Milk District

      Residential lot in Orlando's Milk District, ideal for building.
      2208 Valencia Rd, Orlando, FL 32803
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    • $480,000
      1,268 SF

      Prime Orlando Commercial Land

      C-3 zoned land, redevelopment opportunity
      4205 Daubert St, Orlando, FL 32803
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    • $495,000
      0.36 Acres

      Lakefront Lot in Orlando

      0.36-acre lakefront lot with direct access to Lake Druid.
      2501 Weber St, Orlando, FL 32803
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    Similar Nearby for Sale

    • $995,000

      Commercial Land Near Downtown Orlando

      Commercial land ideal for professional office, legal, or financial services.
      1205 Mount Vernon St, Orlando, FL 32803
      View Details
    • $1,050,000

      Commercial Land For Sale

      Commercial land available for sale.
      916 Maltby St, Orlando, FL 32803
      View Details
    • $359,000

      Spacious Lot in Audubon Park

      Large lot near shops, restaurants, and zoned for great schools.
      2312 Corrine Dr, Orlando, FL 32803
      View Details
    • New
      $345,000
      0.18 Acres

      Orlando Land in Milk District

      Residential lot in Orlando's Milk District, ideal for building.
      2208 Valencia Rd, Orlando, FL 32803
      View Details
    • $480,000
      1,268 SF

      Prime Orlando Commercial Land

      C-3 zoned land, redevelopment opportunity
      4205 Daubert St, Orlando, FL 32803
      View Details
    • $495,000
      0.36 Acres

      Lakefront Lot in Orlando

      0.36-acre lakefront lot with direct access to Lake Druid.
      2501 Weber St, Orlando, FL 32803
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,376 SF

      Corrine Drive Office Building

      Prime Orlando Office Space - Long-Term Lease
      2901 Corrine Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      64,320 SF

      Shoppes at Baldwin Park Retail Space

      Orlando storefront, 3,380 sq ft available.
      4900-5032 Colonial Dr, Orlando, FL 32803
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    • Contact for pricing
      1,855 SF

      Orlando Central Center Office Space

      Office space for rent in a convenient Orlando location.
      3165 Mccrory Pl, Orlando, FL 32803
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      2,670 SF

      Retail Space in Orlando Corridor

      High-traffic retail space with excellent visibility and access.
      730 Maguire Blvd, Orlando, FL 32803
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    • Contact for pricing
      9,706 SF

      Prime Orlando Retail Space

      9,706 SF Available, High Traffic
      3225 Colonial Dr, Orlando, FL 32803
      View Details
    • $20 SF/Yr
      33,236 SF

      Herndon Avenue Office Suites

      Orlando Office Space: 3,300 SF Available
      615 Herndon Ave, Orlando, FL 32803
      View Details
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    1030 Herman Ave
    Orlando, FL 32803
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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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