Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1651 Evans St Oviedo, FL 32765-9371
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1651 Evans St Oviedo, FL 32765-9371

    View on Map
    • Manufacturing properties
    • 7,260 SF
    • 1.23 lot acres
    Off-Market
    Property ID
    US18-4639859
    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.
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1651 Evans St

    Year built
    1985
    Construction
    CONCRETE BLOCKS
    Lot size
    1.23 lot acres
    Property size
    7,260 SF
    Property type
    Manufacturing properties
    APN
    14-21-31-300-0010-0000
    APU
    14213130000100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,049,000
      Market price range: $735k - $2.11M
      AI Estimate
      $1,049,000
      Market price range: $735k - $2.11M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,260,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,615,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $1,545,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $1,380,000
      Change: +9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,325,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.1821
    Latitude
    28.6674
    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
    $0.00
    $0.00
    $0.00
    $666,844
    -
    $333,097
    $333,747
    $666,844

    Comparable in this City

    • Value Estimation
      $9,165,000
      77,606 SF

      2133 Component Loop

      MANUFACTURING (LIGHT) • 77,606 SF
      2133 Component Loop, Oviedo, FL 32765-9088
      View Details
    • Value Estimation
      $7,960,000
      47,360 SF

      552 Econ Cir

      MANUFACTURING (LIGHT) • 47,360 SF
      552 Econ Cir, Oviedo, FL 32765-4303
      View Details
    • Value Estimation by Request
      34,261 SF

      5712 Dot Com Ct

      MANUFACTURING (LIGHT) • 34,261 SF
      5712 Dot Com Ct, Oviedo, FL 32765-8032
      View Details
    • Value Estimation by Request
      270 SF

      1726 Broadway St

      MANUFACTURING (LIGHT) • 270 SF
      1726 Broadway St, Oviedo, FL 32765-6579
      View Details
    • Value Estimation
      $4,750,000
      16,336 SF

      575 Econ Riv Pl

      MANUFACTURING (LIGHT) • 16,336 SF
      575 Econ Riv Pl, Oviedo, FL 32765-7343
      View Details
    • Value Estimation by Request
      1,624 SF

      301 Mitchell Hammock Rd

      MANUFACTURING (LIGHT) • 1,624 SF
      301 Mitchell Hammock Rd, Oviedo, FL 32765-4927
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Oviedo Flex Space Opportunity

      10,000 SF flex space near UCF and major highways.
      551 S Econ Cir, Oviedo, FL 32765
      View Details
    • $900,000
      1,652 SF

      Class A Medical/Professional Office

      Turnkey medical/professional office space with high-end finishes in Oviedo, FL.
      7560 Red Bug Lake Rd, Oviedo, FL 32765
      View Details
    • $575,000
      5.60 Acres

      Ready-to-Build Land Parcel

      5-acre parcel with completed improvements for immediate construction.
      1630 Murphy St, Oviedo, FL 32765
      View Details
    • $259,000
      Pending

      Residential Land in Prime Location

      Buildable lots near schools and amenities in Oviedo, Florida.
      Chuluota Rd, Oviedo, FL 32765
      View Details
    • $554,999
      Pending

      Renovated Duplex with Income Potential

      Duplex in Oviedo, FL with renovation and income potential.
      788 Lincoln Pkwy, Oviedo, FL 32765
      View Details
    • $79,900
      0.08 Acres

      Three Residential Lots in Oviedo

      Three adjacent lots offer development opportunities in fast-growing Oviedo.
      E Broadway St, Oviedo, FL 32765
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Office Warehouse in South Park

      6,351 SF office/warehouse space for lease near UCF.
      531 South Econ Cir, Oviedo, FL 32765
      View Details
    • Contact for pricing
      33,520 SF

      Oviedo Flex/Industrial Space Available

      Flex/Industrial space for rent near UCF and Orlando Research Park.
      5700 Dot Com Ct, Oviedo, FL 32765
      View Details
    • Contact for pricing
      35,091 SF

      Oviedo Flex/Industrial Space Available

      Flex/Industrial space in Oviedo, near UCF and Orlando Research Park.
      5700-5712 Dot Com Ct, Oviedo, FL 32765
      View Details
    • Contact for pricing

      Stand Alone Office Building

      Five-unit office building with frontage on SR 419.
      1065 E Broadway St, Oviedo, FL 32765
      View Details
    • Contact for pricing

      Retail/Professional Plaza Near UCF

      Retail and professional spaces available near the University of Central Florida.
      50 Gemini Blvd N, Orlando, FL 32765
      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.
    1651 Evans St
    Oviedo, FL 32765-9371
    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!