Sign Up Successful!
You now have access to more from Realmo!
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

    1607 Orlando Ave Maitland, FL 32751-6420

    • Retail space
    • 9,480 SF
    • 1.81 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2020
    $2,342,000
    Value Estimations
    $2,995,000
    Show details
    Cap Rate Potential
    6.6%
    Retail space
    Location Intelligence
    Property ID
    US18-4877611
    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

    • Resharp / Sharpening Service
    • Maitland Ace Hardware / Bait Shop / Fastener Supplier
    • KeyExpress Locksmiths / Key Duplication Service / Locksmith

    Property Details for 1607 Orlando Ave

    Year built
    1970
    Lot size
    1.81 lot acres
    Property size
    9,480 SF
    Zone code
    DM
    Property type
    Retail space
    APN
    36-21-29-9408-00-240
    APU
    362129940800240

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,805,000
      ML approach
      $2,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,105,000
      6.5%
      $2,865,000
      7%
      $2,660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,821,000
      Market price range: $1.34M - $3.82M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,525,000
      Current use
      RESTAURANT
      $4,590,000
      Change: +82% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,940,000
      Change: +56% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,260,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,185,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $2,580,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Orange
    State
    Florida
    Longitude
    -81.3659
    Latitude
    28.6138
    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
    $36,866
    $1,487,638
    $790,390
    $2,278,028
    -
    $1,487,638
    $790,390
    $2,278,028

    Comparable in this City

    • Value Estimation by Request
      6,250 SF

      9605 Us Hwy 1792

      RETAIL STORES (PERSONAL SERVICES) • 6,250 SF
      9605 Us Hwy 1792, Maitland, FL 32751-3372
      View Details
    • Value Estimation
      $345,000
      3,135 SF

      1455 Orlando Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,135 SF
      1455 Orlando Ave, Maitland, FL 32751-6416
      View Details
    • Value Estimation
      $250,000
      2,026 SF

      228 Swoope Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,026 SF
      228 Swoope Ave, Maitland, FL 32751-4556
      View Details
    • Value Estimation
      $295,000
      4,510 SF

      10 St

      RETAIL STORES (PERSONAL SERVICES) • 4,510 SF
      10 St, Eatonville, FL 32751-5464
      View Details
    • Value Estimation
      $255,000
      4,564 SF

      221 Horatio Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,564 SF
      221 Horatio Ave, Maitland, FL 32751-5501
      View Details
    • Value Estimation by Request
      1,210 SF

      9505 Us Hwy 1792

      RETAIL STORES (PERSONAL SERVICES) • 1,210 SF
      9505 Us Hwy 1792, Maitland, FL 32751-3342
      View Details

    Similar Nearby for Sale

    • $2,975,000
      3,851 SF

      Freestanding Building in Maitland, Florida

      Freestanding building in Maitland with strong demographics and high visibility.
      450 S Orlando Ave, Maitland, FL 32751
      View Details
    • $1,200,000
      4,577 SF

      Maitland Office Building For Sale

      Prestigious office building in Maitland, Florida, for sale.
      166 Lookout Pl, Maitland, FL 32751
      View Details
    • $279,800
      0.43 Acres

      Maitland Land for Development

      Land in Maitland, suitable for home and professional office.
      Lake Howell Rd, Maitland, FL 32751
      View Details
    • Contact for pricing
      30 SF

      Maitland Class A Medical Office

      Class A medical office in premier Maitland location for sale.
      740 Concourse Pkwy South | Maitland, Maitland, FL 32751
      View Details
    • $6,050,000
      52,210 SF

      Maitland Center Office Building

      Multi-tenant office building in Maitland Center office park.
      2201 Lucien Way, Maitland, FL 32751
      View Details
    • $2,995,000

      Land For Sale

      Land available for purchase.
      125 Whitecaps Cir, Maitland, FL 32751
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      1,511 SF

      Retail Space in Maitland Center

      Retail space for lease in downtown Maitland, Orlando MSA.
      246 N Orlando Ave, Maitland, FL 32751
      View Details
    • Contact for pricing
      2,247 SF

      Maitland Retail/Office/Medical Space Available

      Professional retail, office, or medical space in Maitland, Florida.
      903 Lake Lily Dr, Maitland, FL 32751
      View Details
    • Contact for pricing

      New Retail Space in Maitland

      First generation retail space in a new shopping center.
      Maitland, FL 32751
      View Details
    • Contact for pricing
      3,337 SF

      Retail Space in Maitland, FL

      Retail space available with high visibility and ample parking.
      400 N Orlando Ave, Maitland, FL 32751
      View Details
    • Contact for pricing
      2,267 SF

      New Retail Space in Maitland

      New construction retail space in specialty grocer anchored center.
      501-701 Maitland Blvd, Maitland, FL 32751
      View Details
    • Contact for pricing
      8,071 SF

      Maitland Retail Space For Lease

      Prime Medical Office Space Available
      1351 Orlando Ave, Maitland, FL 32751
      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.
    1607 Orlando Ave
    Maitland, FL 32751-6420
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.