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

    1550 Wekiwa Spgs Rd Apopka, FL 32712-2527

    • Day care centers
    • 25,056 SF
    • 3.57 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2022
    $11,645,056
    Value Estimations
    $10,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2803825
    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

    • Day care centers

    Property Details for 1550 Wekiwa Spgs Rd

    Year built
    2000
    Lot size
    3.57 lot acres
    Property size
    25,056 SF
    Zone code
    C-1
    Property type
    Day care centers
    APN
    36-20-28-0000-00-008
    APU
    362028000000008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,845,000
      ML approach
      $9,615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,572,000
      Market price range: $3.61M - $9.68M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $7,350,000
      Current use
      RESTAURANT
      $12,135,000
      Change: +65% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $10,410,000
      Change: +42% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,000,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,420,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $6,770,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $6,675,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.4688
    Latitude
    28.708
    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
    $73,817
    $530,702
    $4,244,691
    $4,775,393
    -
    $530,702
    $4,244,691
    $4,775,393

    Comparable in this City

    • Value Estimation
      $1,060,000
      14,530 SF

      1151 Rock Spgs Rd

      DAY CARE, PRE-SCHOOL • 14,530 SF
      1151 Rock Spgs Rd, Apopka, FL 32712-2301
      View Details
    • Value Estimation
      $915,000
      18,364 SF

      301 Welch Rd

      DAY CARE, PRE-SCHOOL • 18,364 SF
      301 Welch Rd, Apopka, FL 32712-2368
      View Details
    • Value Estimation by Request
      2,000 SF

      1425 Orange Blossom Trl

      DAY CARE, PRE-SCHOOL • 2,000 SF
      1425 Orange Blossom Trl, Apopka, FL 32712-2638
      View Details
    • Value Estimation by Request
      7,110 SF

      601 Park Ave

      CREMATORIUM, MORTUARY • 7,110 SF
      601 Park Ave, Apopka, FL 32712-3539
      View Details
    • Value Estimation by Request
      6,220 SF

      420 Main St

      CREMATORIUM, MORTUARY • 6,220 SF
      420 Main St, Apopka, FL 32712-3452
      View Details
    • Value Estimation by Request
      6.34 Acres

      3243 Kelly Park Rd

      Mixed-use properties • 6.34 Acres
      3243 Kelly Park Rd, Apopka, FL 32712
      View Details

    Similar Nearby for Sale

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      $950,000
      Pending

      Aircraft Hangar at Apopka Airport

      Private aircraft hangar at Orlando Apopka Airport (X04).
      1321 Apopka Airport Rd, Apopka, FL 32712
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    • $650,000
      5.11 Acres

      Turnkey Nursery on 5.11 Acres

      5.11-acre parcel with greenhouse in prime nursery area.
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    • $730,000
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      Apopka Commercial Land Investment

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      0 Plymouth Sorrento Rd, Apopka, FL 32712
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    • $2,000,000
      2,164 SF

      Apopka Commercial Acreage Investment

      Prime 1.56-acre commercial lot, $2M
      127 Sandpiper St, Apopka, FL 32712
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    • $1,050,000
      1.86 Acres

      Apopka Mixed-Use Land Investment

      1.86 Acres, Zoned MU-D, High Traffic
      644 Orange Blossom Trl, Apopka, FL 32712
      View Details
    • $3,100,000

      Apopka Land Parcel For Sale

      4.81 acre parcel in booming Apopka near 429 Beltway.
      4056 W Kelly Park Rd, Apopka, FL 32712
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,089 SF

      Shoppes at Wekiva Ranch Retail

      Apopka's newest mixed-use retail spaces.
      0 Kelly Park Rd, Apopka, FL 32712
      View Details
    • $20,000 /Mo

      Apopka Industrial Land for Lease

      5.5± acre industrial land with outside storage approval.
      5651 W Ponkan Rd, Apopka, FL 32712
      View Details
    • Contact for pricing
      207,491 SF

      Apopka Industrial Space For Lease

      New industrial space with 2,500 SF office, available Q1 2024.
      5050 Wesley Rd, Apopka, FL 32712
      View Details
    • $20,000 /Mo
      5 SF

      Industrial Land For Lease

      5.5 acre industrial land suitable for outside storage.
      5651 West Ponkan Rd, Zellwood, FL 32712
      View Details
    • Contact for pricing
      3,612 SF

      Apopka Medical Office Building

      Prime 3,612 SF Medical Office for Lease
      175 Welch Rd, Apopka, FL 32712
      View Details
    • $7,916 /Mo

      Apopka Land Outparcel For Lease

      Land outparcel available in a new Publix-anchored center.
      3080 W Kelly Park Rd, Apopka, FL 32712
      View Details
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    Apopka, FL 32712-2527
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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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