Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11625 Rambling Dr Wellington, FL 33414

    • Commercial real estate
    • 2.09 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2024
    $270,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5524763
    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 11625 Rambling Dr

    Lot size
    2.09 lot acres
    Zone code
    LROZD
    Property type
    Commercial real estate
    APN
    73-41-44-02-01-001-0020
    APU
    73414402010010020

    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
    Wellington
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.2286
    Latitude
    26.6759
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, 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
    $4,028
    $279,749
    $0.00
    $279,749
    -
    $279,749
    $0.00
    $279,749

    Comparable in this City

    • Value Estimation
      $1,825,000
      12,219 SF

      3103 Fortune Way

      SHOW ROOM, WAREHOUSE • 12,219 SF
      3103 Fortune Way, Wellington, FL 33414-8759
      View Details
    • Value Estimation
      $2,080,000
      16,455 SF

      11300 Fortune Cir

      SHOW ROOM, WAREHOUSE • 16,455 SF
      11300 Fortune Cir, Wellington, FL 33414-8858
      View Details
    • Value Estimation by Request
      1,488 SF

      2901 Ousley Farms Rd

      SHOW ROOM, WAREHOUSE • 1,488 SF
      2901 Ousley Farms Rd, Wellington, FL 33414
      View Details
    • Value Estimation by Request
      900 SF

      150th S Ave

      SHOW ROOM, WAREHOUSE • 900 SF
      150th S Ave, Wellington, FL 33414
      View Details
    • Value Estimation by Request
      621 SF

      1100 Wellington Trce

      SHOW ROOM, WAREHOUSE • 621 SF
      1100 Wellington Trce, Wellington, FL 33414-5760
      View Details
    • Value Estimation
      $3,400,000
      26,016 SF

      11260 Fortune Cir

      SHOW ROOM, WAREHOUSE • 26,016 SF
      11260 Fortune Cir, Wellington, FL 33414-8700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.40 Acres

      Wellington Office Suite - 2,028 SF

      Prime Wellington office space, fully built-out.
      1400 Corporate Center Way, Wellington, FL 33414
      View Details
    • $170,000

      Profitable Wellington Dry Cleaner

      Turnkey Dry Cleaning Business in High-Traffic Area
      109 St Rd 7, Wellington, FL 33414
      View Details
    • Contact for pricing
      1.40 Acres

      Wellington Commercial Space - Prime Location

      2,003sf Office/Medical Space - Ample Parking
      1400 Corporate Center Way, Wellington, FL 33414
      View Details
    • $6,500,000

      Grand Prix Village Equestrian Parcel

      Rare 4.38 acre equestrian parcel in Grand Prix Village South.
      3899 Shutterfly Way, Wellington, FL 33414
      View Details
    • Contact for pricing
      90.00 Acres

      Equestrian Facility Near Show Grounds

      Center-aisle equestrian facility with arena, stalls, and paddocks.
      14943 Paddock Dr, Wellington, FL 33414
      View Details
    • $14,000,000
      11.32 Acres

      Prime Land Beside Showgrounds

      11.32 acres of land near Wellington International Showgrounds.
      13777 Gracida St, Wellington, FL 33414
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,637 SF

      Lotis Wellington Retail Space

      Prime Wellington retail, multiple suites available.
      0 Frst Hl Blvd & Hwy 441, Wellington, FL 33414
      View Details
    • $78,000
      2,339 SF

      Equestrian Barn for Seasonal Rent

      Wellington barn with stalls, tack room, ring, and paddocks.
      15416 Sunnyland Ln, Wellington, FL 33414
      View Details
    • $8,500 /Mo
      2,635 SF

      Equestrian Property Near Wellington International

      Exceptional equestrian facilities available for seasonal rental near Wellington International.
      Wellington, FL 33414
      View Details
    • $27 SF/Yr
      18,900 SF

      Wellington Commerce Park Flex Space

      Flex space available for sublease in a premier business hub.
      3111 Fortune Way, Wellington, FL 33414
      View Details
    • Contact for pricing
      1,214 SF

      Wellington Flex Space For Rent

      Flex space in established industrial park with excellent accessibility.
      3125 Fortune Way, Wellington, FL 33414
      View Details
    • $20,000 /Mo
      2,707 SF

      Equestrian Facility Stalls for Rent

      Equestrian facility with stalls, arenas, and paddocks available for rent.
      12995 Via Christina, Wellington, FL 33414
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11625 Rambling Dr
    Wellington, FL 33414
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.