Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1251 Spruce Ave Orlando, FL 32824-7935

    • Office properties & Spaces
    • 480 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0493372
    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

    • J. Moret Tire Corporation / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 1251 Spruce Ave

    Year built
    2011
    Lot size
    1.09 lot acres
    Property size
    480 SF
    Zone code
    IND-2/IND-3
    Property type
    Office properties & Spaces
    APN
    36-23-29-0569-00-090
    APU
    362329056900090

    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
    -81.36
    Latitude
    28.4432
    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
    $5,409
    $314,778
    $34,020
    $348,798
    -
    $314,778
    $34,020
    $348,798

    Comparable in this City

    • Value Estimation by Request
      1,608 SF

      14152 Boggy Crk Rd

      OFFICE (GENERAL) • 1,608 SF
      14152 Boggy Crk Rd, Orlando, FL 32824-8995
      View Details
    • Value Estimation
      $505,000
      1,288 SF

      9721 Boggy Crk Rd

      OFFICE (GENERAL) • 1,288 SF
      9721 Boggy Crk Rd, Orlando, FL 32824-8716
      View Details
    • Value Estimation
      $525,000
      1,152 SF

      1477 Landstreet Rd

      OFFICE (GENERAL) • 1,152 SF
      1477 Landstreet Rd, Orlando, FL 32824-8158
      View Details
    • Value Estimation by Request
      9,868 SF

      801 Jetstream Dr

      OFFICE (GENERAL) • 9,868 SF
      801 Jetstream Dr, Orlando, FL 32824-7109
      View Details
    • Value Estimation
      $1,470,000
      6,282 SF

      1401 Landstreet Rd

      OFFICE (GENERAL) • 6,282 SF
      1401 Landstreet Rd, Orlando, FL 32824-7922
      View Details
    • Value Estimation by Request
      2,268 SF

      9622 1st Ave

      OFFICE (GENERAL) • 2,268 SF
      9622 1st Ave, Orlando, FL 32824-7215
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Ready For Development

      Land with development potential in a rapidly growing area.
      1606 11Th St, Orlando, FL 32824
      View Details
    • Contact for pricing

      Development-Ready Outparcel in Lake Nona

      3.24-acre retail opportunity in a rapidly growing area.
      14221 Boggy Creek Rd, Orlando, FL 32824
      View Details
    • $87,500
      0.17 Acres

      Orlando Residential Lot Opportunity

      Residential lot in a desirable Orlando location, no HOA/CDD.
      9526 6Th Ave, Orlando, FL 32824
      View Details
    • $120,000
      0.17 Acres

      Residential Land in Orlando, Florida

      Two side-by-side lots suitable for single-family homes, no HOA.
      3Rd Ave, Orlando, FL 32824
      View Details
    • Contact for pricing
      7.07 Acres

      Orlando Industrial Land - 7 Acres

      Prime 7-acre industrial lot near Orlando International Airport.
      12401 Boggy Creek Rd, Orlando, FL 32824
      View Details
    • Contact for pricing

      Heavy Industrial Land Available

      3.5 acres of heavy industrial land in Orlando, Florida.
      2124 4Th St, Orlando, FL 32824
      View Details

    Similar Nearby for Lease

    • $56,400

      Orlando Warehouse/Flex-Space/Office for Rent

      3200 sqft warehouse/flex-space/office near Orlando Airport.
      10501 S Orange Ave, Orlando, FL 32824
      View Details
    • $73,500

      Orlando Office Suite For Lease

      Spacious 2,100 SF office suite in a high-traffic Orlando location.
      14522 Landstar Blvd, Orlando, FL 32824
      View Details
    • Contact for pricing
      10,768 SF

      Industrial Warehouse Near Orlando Airport

      55,778 SF warehouse in Airport Distribution Center available for rent.
      8810 Boggy Creek Rd, Orlando, FL 32824
      View Details
    • Contact for pricing
      42,128 SF

      Warehouse Space Available For Lease

      42,128 SF warehouse space for lease in Orlando.
      2663 Tradeport Dr, Orlando, FL 32824
      View Details
    • Contact for pricing
      22,720 SF

      Industrial Warehouse Near Airport

      55,456 SF warehouse in Prologis Airport Distribution Center.
      2425 E Landstreet Rd, Orlando, FL 32824
      View Details
    • $10 SF/Yr
      152 SF

      Industrial Building with Front Load

      152,240 SF industrial building featuring front loading capabilities.
      1125 Gills Dr, Orlando, FL 32824
      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.
    1251 Spruce Ave
    Orlando, FL 32824-7935
    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.
    Sign Up Successful!
    You now have access to more from Realmo!