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

    150 Spartan Dr Maitland, FL 32751-3468

    • Office buildings
    • 5,011 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5075232
    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

    • Kane and Koltun / Law Firm
    • Angella Peters / Foster Care Service / Social Service Agency
    • Dr. Najib Kirmani, MD / Geriatric Care Provider
    • Premier Business Group, LLC / Business Broker
    • Melissa Zeno-Quinn / Foster Care Service / Social Service Agency

    Property Details for 150 Spartan Dr

    Year built
    1984
    Construction
    CONCRETE BLOCKS
    Lot size
    0.67 lot acres
    Property size
    5,011 SF
    Property type
    Office buildings
    APN
    19-21-30-300-0720-0000
    APU
    19213030007200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,080,000
      Market price range: $922k - $1.94M
      AI Estimate
      $643,000
      Market price range: $242k - $1.31M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,365,000
      Current use
      COMMERCIAL (GENERAL)
      $1,330,000
      Change: -3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,115,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Seminole
    State
    Florida
    Longitude
    -81.3536
    Latitude
    28.6421
    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
    $8,395
    $0.00
    $0.00
    $641,080
    -
    $171,999
    $469,081
    $641,080

    Comparable in this City

    • Value Estimation
      $1,830,000
      7,979 SF

      1953 Clayton Heritage Way

      OFFICE BUILDING • 7,979 SF
      1953 Clayton Heritage Way, Maitland, FL 32751-4551
      View Details
    • Value Estimation
      $6,705,000
      48,135 SF

      800 Concourse S Pkwy

      OFFICE BUILDING (MULTI-STORY) • 48,135 SF
      800 Concourse S Pkwy, Maitland, FL 32751-6152
      View Details
    • Value Estimation
      $2,340,000
      15,808 SF

      1760 Fennell St

      OFFICE BUILDING (MULTI-STORY) • 15,808 SF
      1760 Fennell St, Maitland, FL 32751-7209
      View Details
    • Value Estimation
      $1,285,000
      7,802 SF

      846 Lk Howell Rd

      PROFESSIONAL BUILDING • 7,802 SF
      846 Lk Howell Rd, Maitland, FL 32751-5222
      View Details
    • Value Estimation
      $1,045,000
      4,057 SF

      1000 Maitland Ave

      PROFESSIONAL BUILDING • 4,057 SF
      1000 Maitland Ave, Maitland, FL 32751-8406
      View Details
    • Value Estimation
      $3,645,000
      26,488 SF

      235 Maitland Ave

      OFFICE BUILDING (MULTI-STORY) • 26,488 SF
      235 Maitland Ave, Maitland, FL 32751-5677
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,577 SF

      Maitland Office Building For Sale

      Prestigious office building in Maitland, Florida, for sale.
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      Maitland Freestanding Professional Office Building

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      Maitland Office Building For Sale

      1,885 SF office building in Maitland, Florida.
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      Prestigious Maitland office building in a thriving business corridor.
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    • $1,200,000
      4,851 SF

      Maitland Office Building For Sale

      Two-story office building in Maitland's premier business district.
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      View Details

    Similar Nearby for Lease

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      43,977 SF

      Maitland Office Space Available

      Four-story office building with atrium, cafe, and lake views.
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      View Details
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      5,755 SF

      Class A Office Building Space

      Class A office building with on-site management and cafe.
      601 S Lake Destiny Rd, Maitland, FL 32751
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    • Contact for pricing
      32,949 SF

      Maitland Office Space Available

      Over 460,000 SF of rentable office space.
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    • Contact for pricing
      22,102 SF

      Class A Office Building

      Four-story office building in Maitland Center with efficient floor plates.
      258 Southhall Ln, Maitland, FL 32751
      View Details
    • Contact for pricing
      16,169 SF

      Maitland Office Space For Rent

      Class A office space with modern amenities and convenient access.
      485 North Keller Rd, Maitland, FL 32751
      View Details
    • Contact for pricing
      160,217 SF

      Maitland Office Space For Lease

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      View Details
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    Maitland, FL 32751-3468
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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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