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

    1491 Fairbanks Ave Winter Park, FL 32789-4862

    • Investment properties
    • 3,153 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Oct 07, 2022
    $1,100,000
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    3.9%
    Investment properties
    Location Intelligence
    Property ID
    US18-4129279
    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

    • Batia Construction Co. / Construction Company / General Contractor

    Property Details for 1491 Fairbanks Ave

    Year built
    1952
    Lot size
    0.23 lot acres
    Property size
    3,153 SF
    Zone code
    C-3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    12-22-29-0000-00-043
    APU
    122229000000043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,065,000
      ML approach
      $1,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,094,000
      Market price range: $747k - $2.21M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,400,000
      Current use
      OFFICE BUILDING
      $1,280,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3694
    Latitude
    28.5933
    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
    $10,372
    $554,186
    $93,503
    $647,689
    -
    $554,186
    $93,503
    $647,689

    Comparable in this City

    • Value Estimation by Request
      2,754 SF

      506 Wymore Rd

      STORE/OFFICE (MIXED USE) • 2,754 SF
      506 Wymore Rd, Winter Park, FL 32789-2827
      View Details
    • Value Estimation
      $1,790,000
      1,893 SF

      108 Wymore Rd

      STORE/OFFICE (MIXED USE) • 1,893 SF
      108 Wymore Rd, Winter Park, FL 32789-3453
      View Details
    • Value Estimation by Request
      2,670 SF

      1650 Lee Rd

      STORE/OFFICE (MIXED USE) • 2,670 SF
      1650 Lee Rd, Winter Park, FL 32789-2208
      View Details
    • Value Estimation by Request
      1,784 SF

      629 Executive Dr

      STORE/OFFICE (MIXED USE) • 1,784 SF
      629 Executive Dr, Winter Park, FL 32789-2970
      View Details
    • Value Estimation by Request
      1,592 SF

      723 Executive Dr

      STORE/OFFICE (MIXED USE) • 1,592 SF
      723 Executive Dr, Winter Park, FL 32789-2969
      View Details
    • Value Estimation by Request
      1,997 SF

      613 Executive Dr

      STORE/OFFICE (MIXED USE) • 1,997 SF
      613 Executive Dr, Winter Park, FL 32789-2970
      View Details

    Similar Nearby for Sale

    • $425,000
      1,197 SF

      Income-Producing Duplex in Central Orlando

      Duplex with detached in-law apartment, ideal for rental.
      1518 Pinewood Dr, Winter Park, FL 32789
      View Details
    • $4,500,000
      0.48 Acres

      Downtown Winter Park Vacant Lot

      Rare 0.48 acre vacant lot in downtown Winter Park.
      503 N Interlachen Ave, Winter Park, FL 32789
      View Details
    • New
      $1,144,000
      0.51 Acres

      Oversized Lot in Orwin Manor

      Rare Winter Park parcel with redevelopment potential in prime location.
      1541 Westchester Ave, Winter Park, FL 32789
      View Details
    • $7,150,000
      12,500 SF

      Winter Park Triplex Investment Opportunity

      Luxury triplex in a fast-growing market with income potential.
      2412 Chantilly Ave, Winter Park, FL 32789
      View Details
    • $399,000
      633 SF

      Park Avenue Office Condo For Sale

      633± SF office condo with dedicated parking on Park Avenue.
      2180 North Park Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,158 SF

      Winter Park Retail Opportunity

      Vacant retail building in high-demand Winter Park area.
      1931 W Fairbanks Ave, Winter Park, FL 32789
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      FL, Winter Park - N Orlando Ave

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      480 Orlando Ave, Winter Park, FL 32789
      View Details
    • $25 SF/Yr
      136,747 SF

      Lee World Center: Winter Park Office

      Executive Suites, Winter Park, FL. Prime Location.
      1850 Lee Rd, Winter Park, FL 32789
      View Details
    • Contact for pricing
      9,960 SF

      Medical Office Build-to-Suit Opportunity

      New Class A medical office space for lease in Winter Park.
      1691 Lee Rd, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,610 SF

      Freestanding Retail Building in Winter Park

      Single-tenant building with frontage on US 17-92.
      347 N Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,489 SF

      Winter Park Flex Space Available

      Flex spaces with office and warehouse configurations, ranging from 1200+sf.
      1160-1180 Solana Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      3,600 SF

      Prime Winter Park Office Space

      Exceptional leasing opportunity on Park Ave in Winter Park.
      114 Park Ave, Winter Park, FL 32789
      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.
    1491 Fairbanks Ave
    Winter Park, FL 32789-4862
    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!