Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1871 Aloma Ave Winter Park, FL 32789
    Back to Search
    Property profile & analytics

    1871 Aloma Ave, Winter Park, FL 32789

    View on Map
    • Commercial land
    • 0.22 lot acres
    For Lease
    $2,750,000
    View Listing →
    Medical Office Space Near Hospital For Lease
    $2,750,000
    16,899 SF

    Medical Office Space Near Hospital

    Class A medical office building near AdventHealth Winter Park Hospital.

    1871 Aloma Ave, Winter Park, FL 32789
    View Listing
    Property ID
    US18-1961174
    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
    $2,750,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1871 Aloma Ave

    Lot size
    0.22 lot acres
    Zone code
    O-2
    Property type
    Commercial land
    APN
    05-22-30-1140-00-210
    APU
    52230114000210

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2024 $2,750,000 Verax Lakemont LLC Fifth Third Bank National Associati Special Warranty Deed $1.4M · Fairwinds Cu
    Sep 9, 2005 — Fifth Third Bank Reinhartz Family LP Ltd Grant Deed —
    Sep 9, 2005 $2,347,000 Fifth Third Bank Reinhartz Family LP Lllp Grant Deed —

    Description

    This exceptional Class A medical office building, completed in 2025, offers 16,899 square feet of versatile space in the desirable Winter Park, Florida market. Located at 1871 Aloma Ave, Winter Park, FL 32789, this two-story building boasts a prime location with direct frontage on Aloma Avenue and N Lakemont Avenue, ensuring excellent visibility and accessibility. The property features multiple tenancy options, with spaces ranging from a minimum of 2,809 square feet to a maximum contiguous space of 8,451 square feet. A total of 84 parking spaces are available, providing a generous 5.00 spaces per 1,000 square feet. The building's modern design includes attractive facade features and opportunities for master pylon signage. This property is ideally situated adjacent to the 422-bed AdventHealth Winter Park Hospital emergency room, serving a thriving and affluent Winter Park community. The property is located in Orange County and offers a unique opportunity for medical practices seeking a high-profile location with ample parking and visibility. The building's modern design and convenient location make it an ideal choice for a variety of medical tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,750,000
      ML approach
      $2,750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3283
    Latitude
    28.6008
    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
    $4,601
    $364,002
    $0.00
    $364,002
    -
    $364,002
    $0.00
    $364,002

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      1480 Fairbanks Ave

      VACANT COMMERCIAL LAND
      1480 Fairbanks Ave, Winter Park, FL 32789-4806
      View Details
    • Value Estimation by Request
      2.37 Acres

      Fairbanks Ave

      VACANT COMMERCIAL LAND
      Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Value Estimation by Request
      0.16 Acres

      Kentucky Ave

      VACANT COMMERCIAL LAND
      Kentucky Ave, Winter Park, FL 32789
      View Details
    • Value Estimation by Request
      0.52 Acres

      Palmetto Ave

      VACANT COMMERCIAL LAND
      Palmetto Ave, Winter Park, FL 32789
      View Details
    • Value Estimation by Request
      1.02 Acres

      2180 Park Ave

      VACANT COMMERCIAL LAND
      2180 Park Ave, Winter Park, FL 32789-2359
      View Details
    • Value Estimation by Request
      0.07 Acres

      2601 Temple Dr

      VACANT COMMERCIAL LAND
      2601 Temple Dr, Winter Park, FL 32789-1370
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Winter Park Commercial Land Opportunity

      Vacant commercial land in Winter Park, near Park Avenue.
      379 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Winter Park Vacant Land

      Vacant land in Winter Park with ample parking available.
      2335 Temple Trl, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Winter Park Land Opportunity

      Land for sale in the heart of Winter Park.
      2161 N Park Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Commercial Land in Winter Park

      Commercial land available in Winter Park, Florida.
      669 W Comstock Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Winter Park Commercial Land Available

      Land with frontage on Formosa and Kentucky Avenues.
      700 Formosa Ave, Winter Park, FL 32789
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Build-to-Suit Opportunity

      New construction medical office space for lease in Winter Park.
      1691 Lee Rd, Winter Park, FL 32789
      View Details
    • $42,000

      Winter Park Office Space Available

      Office space for rent in prime Winter Park location.
      663 Harold Ave, Winter Park, FL 32789
      View Details
    • $40 SF/Yr

      Winter Park Specialty Property Rental

      Specialty property available for rent in Winter Park, Florida.
      631 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      9,220 SF

      Prime Retail Space in Winter Park

      Redeveloped retail property with high visibility and ample parking.
      805 S Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      1,757 SF

      Winter Park Retail Space Available

      Retail space for lease in Winter Park Village.
      440-460 Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      6,587 SF

      Freestanding Restaurant Space For Lease

      6,587 SF restaurant space with frontage on US 17/92.
      170 S Orlando Ave E, Winter Park, FL 32789
      View Details
    View Listing
    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.
    1871 Aloma Ave
    Winter Park, FL 32789
    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

    Thank You for Inquiry
    1871 Aloma Ave, Winter Park, FL, 32789
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!