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

    1155 Louisiana Ave Winter Park, FL 32789-2341

    • Office buildings
    • 16,062 SF
    • 1.22 lot acres
    OFF-MARKET
    Value Estimations
    $3,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3345550
    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

    • Veronica Davis-Lee Realtor, RE/MAX 200 Realty, Orlando Metro Areas / Real Estate Agency
    • Richard K. Willens, PSYD / Medical Clinic / Physician
    • Nancy Cruce, PsyD / Physician / Medical Clinic
    • Patricia A Clark Pa / Physician / Medical Clinic
    • Prichard Non C PhD / Physician / Medical Clinic

    Property Details for 1155 Louisiana Ave

    Year built
    1974
    Lot size
    1.22 lot acres
    Property size
    16,062 SF
    Zone code
    O-1
    Property type
    Office buildings
    APN
    01-22-29-8804-02-170
    APU
    12229880402170

    Description

    This exceptional 494-square-foot medical office suite is located within the prestigious 1155 Louisiana Office Park in Winter Park, Florida. Situated at 1155 Louisiana Avenue, zip code 32789, this single available space is perfect for a variety of medical practices seeking a convenient and well-established location. The property is classified as a multi-tenant building, offering a collaborative and professional environment. Its location in Orange County provides easy access to major transportation routes, ensuring convenient commutes for both staff and patients. The suite itself is ready for immediate occupancy, offering a blank canvas for customization to meet specific medical practice needs. This is an excellent opportunity to establish or expand a medical practice in a thriving community. The address is easily accessible and benefits from high visibility, making it an ideal location for attracting new patients. The building's location within Winter Park offers a desirable professional environment and proximity to various amenities. This space presents a unique opportunity to secure a well-positioned medical office suite in a highly sought-after area. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is in Orange County, Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,265,000
      6.5%
      $3,940,000
      7%
      $3,655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,898,000
      Market price range: $1.12M - $4.97M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $5,400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3617
    Latitude
    28.6082
    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
    $62,297
    $1,117,106
    $3,251,094
    $4,368,200
    -
    $1,117,106
    $3,251,094
    $4,368,200

    Comparable in this City

    • Value Estimation
      $9,715,000
      63,936 SF

      1850 Lee Rd

      OFFICE BUILDING (MULTI-STORY) • 63,936 SF
      1850 Lee Rd, Winter Park, FL 32789-2115
      View Details
    • Value Estimation
      $20,025,000
      92,608 SF

      941 Morse Blvd

      OFFICE BUILDING (MULTI-STORY) • 92,608 SF
      941 Morse Blvd, Winter Park, FL 32789-3734
      View Details
    • Value Estimation
      $1,380,000
      8,724 SF

      861 Morse Blvd

      OFFICE BUILDING (MULTI-STORY) • 8,724 SF
      861 Morse Blvd, Winter Park, FL 32789-3765
      View Details
    • Value Estimation
      $6,900,000
      30,039 SF

      1245 Orange Ave

      PROFESSIONAL BUILDING • 30,039 SF
      1245 Orange Ave, Winter Park, FL 32789-4900
      View Details
    • Value Estimation
      $2,410,000
      15,047 SF

      1551 Clay St

      PROFESSIONAL BUILDING • 15,047 SF
      1551 Clay St, Winter Park, FL 32789-5499
      View Details
    • Value Estimation by Request
      980 SF

      609 Fairbanks Ave

      OFFICE BUILDING • 980 SF
      609 Fairbanks Ave, Winter Park, FL 32789-4710
      View Details

    Similar Nearby for Sale

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      Winter Park Bank Building

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      Professionally designed office with high-end finishes and open workspaces.
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    Similar Nearby for Lease

    • Contact for pricing
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      Winter Park Office Building For Rent

      Two-story office building with I-4 visibility and signage.
      501 Wymore Rd, Winter Park, FL 32789
      View Details
    • Contact for pricing
      1,400 SF

      Renovated Office Building For Lease

      Class A office building with flexible lease terms available.
      311 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • $26 SF/Yr
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      Winter Park Office Building For Rent

      Three-story office building with ample parking and convenient location.
      1850 Lee Rd, Winter Park, FL 32789
      View Details
    • $25 SF/Yr
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      Winter Park Standalone Office Building

      Two-story office building with high visibility and retail exposure.
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    • $38 SF/Yr
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      Class A Winter Park Office

      Class A office space for lease in Winter Park.
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      View Details
    • Contact for pricing
      9,245 SF

      Winter Park Retail/Office Opportunity

      New construction retail and office spaces in Winter Park.
      1100 N Orange Ave, Winter Park, FL 32789
      View Details
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    1155 Louisiana Ave
    Winter Park, FL 32789-2341
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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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