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Property profile & analytics
OFF-MARKET
Estimated value
$5,195,000
Office buildings
1605 Fairbanks Ave Winter Park, FL 32789-4603
Entity Owned
4-yr Hold
Free & Clear
Property ID
US19-0815693
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2005
Total area
14,132 SF
Lot
1.4 ac (60,870 SF)
Zoning code
R-1A
APN
12-22-29-0000-00-001
UPID
US19-0815693
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Orlando Neurosurgery Medical Clinic
-
Dr. Donald L. Behrmann, MD - Retired Physician
-
Sawin Paul D MD - Retired Physician
-
Huang-Hellinge Frank R MD Physician
-
Thomas Koehne, Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.42M
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
$6.96M
Blend (final)
Blend
$5.20M
Owner & transaction history
Adventist Health System Sunbelt INC · 4 yrs held
Adventist Health System Sunbelt INC
since 2021
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
R-1A · Winter Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+19.5%
Commercial (general)
$6.3M
+9.5%
Industrial (general)
$5.9M
+2.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winter Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,550,000
ML approach
$6,420,000
CAP Approach
CAP Return
Estimation
6%
$3,755,000
6.5%
$3,465,000
7%
$3,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,730,000
Current use
RESTAURANT
$6,845,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,275,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,870,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,750,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.20M
Range $4.68M – $5.71M · ±10% · vs last sale $5.00M (Dec 14 2021)
Last sale anchor
$5.00M
Dec 14 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$368 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$71,632
Tax year 2023
Assessed value
$4,486,850
Assessed 2023
Previous assessed
$4,659,906
-3.7% YoY
Effective rate
1.60%
On assessed value
Assessed land
$2,205,525
Assessed improvement
$2,281,325
Land market value
$2,205,525
Improvement market value
$2,281,325
Total market value
$4,486,850
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
30
Total area
14,132 SF
Lot
1.4 ac (60,870 SF)
Zoning code
R-1A
APN
12-22-29-0000-00-001
UPID
US19-0815693
Jurisdiction
ORANGE
Zoning & alternative use
R-1A · Winter Park, FL
Zoning R-1A · permitted uses
R-1A · Winter Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winter Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.7M
RESTAURANT
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$4.8M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
30
Lot
1.4 ac
Current owner
From public records · entity-resolved
Adventist Health System Sunbelt INC
Entity
Free & Clear · 4 yrs held
Mailing address
601 E ROLLINS ST #50, ORLANDO, FL 32803-1248
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$5,000,000
Adventist Health System Sunbelt INC
Backworks LLC
Special Warranty Deed
—
Dec 11, 2003
$1,600,000
Backworks LLC
Gilmore,walter L & Anita L
Grant Deed
$1,700,000 · Rbc Centura Bank
—
—
Backworks LLC
—
Deed Of Trust
related
$2,700,000 · United Farm Family Life Ins Co
—
—
Backsworks LLC
—
Deed Of Trust
related
$200,000 · Rbc Centura Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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