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    1400 S Orlando Ave Winter Park, FL 32789
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    Property profile & analytics

    1400 S Orlando Ave, Winter Park, FL 32789

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    • Office buildings
    • 21,903 SF
    • 0.85 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Medical Office Space Available For Lease
    $22 SF/Yr

    Medical Office Space Available

    First-floor medical suite in Winter Park Medical Building for rent.

    1400 S Orlando Ave, Winter Park, FL 32789
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    Property ID
    US18-4763754
    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
    $3,935,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The American Institute of Balance / Medical Clinic
    • Neurology & EMG Consultants PA: Oppenheim Ronald E MD / Physician / Medical Clinic
    • Fadi Yared MD / Pediatrician / Physician
    • Allen Evan D MD / Physician
    • Inpatient Hospital Neurologists, Pa / Physician / Medical Clinic

    Property Details for 1400 S Orlando Ave

    Year built
    1970
    Lot size
    0.85 lot acres
    Zone code
    O-1
    Property type
    Office buildings
    APN
    12-22-29-2932-03-120
    APU
    122229293203120

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 6, 2023 $3,900,000 1400 Winter Park LLC Winter Park III Ltd Warranty Deed —
    Mar 24, 2015 — Winter Park III Ltd Allen Homer N Grant Deed · related —

    Description

    This exceptional three-story, Class B medical office building, located at 1400 S Orlando Ave, Winter Park, FL 32789, boasts 21,000 square feet on a 0.85-acre lot. The building features a single elevator, 60 parking spaces, and a 13-foot ceiling height, providing ample space and convenience. The property is zoned 0-1 and has a Winter Park submarket location, offering excellent visibility and accessibility. A fully built-out first-floor suite is available, complete with multiple private exam rooms, ideal for a variety of medical practices. The building benefits from synergistic co-tenancy, ensuring a thriving medical environment. Its convenient location offers close proximity to both Winter Park and Downtown Orlando, enhancing patient access. Prominent monument signage and an interior tenant board provide excellent opportunities for marketing and branding. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a high-demand area. The property's address is easily accessible via Orange Avenue. The APN is 12-22-29-2932-03-120. This is a single building with multiple tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,080,000
      ML approach
      $3,420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,815,000
      6.5%
      $5,370,000
      7%
      $4,985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3644
    Latitude
    28.5844
    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
    $41,087
    $1,291,987
    $1,290,516
    $2,582,503
    -
    $1,291,987
    $1,290,516
    $2,582,503

    Comparable in this City

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      8,724 SF

      861 Morse Blvd

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      View Details
    • Value Estimation
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      1245 Orange Ave

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      View Details
    • Value Estimation
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      1551 Clay St

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      View Details
    • Value Estimation
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      10,042 SF

      300 Park Ave

      OFFICE BUILDING (MULTI-STORY)
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      View Details

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      Winter Park Office Sublease

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    Winter Park, FL 32789
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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.

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