Property profile

1881 Fairbanks Ave Winter Park, FL 32789

OFF-MARKET
Turn key restaurants
Property ID
US18-4017490
1,276 SF 0.17 ac lot Built 1968
Trust Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is located in Winter Park, Florida, within the City of Winter Park Community Redevelopment Agency (CRA) 2024 expansion area along the West Fairbanks Avenue corridor, west of US Hwy 17-92. The CRA expansion area includes approximately 142 acres across 307 parcels, generally bordered by the West Fairbanks Avenue corridor to the north, Interstate 4 to the west, and Minnesota Avenue to the south. The building contains approximately 1,264 square feet and is configured with approximately 11 on-site parking spaces. The property is currently occupied under an existing tenant arrangement extending through 2035.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Total area 1,276 SF
Lot 0.17 ac (7,369 SF)
Zoning code C-3
APN 12-22-29-4076-04-160
UPID US18-4017490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1881 Fairbanks Ave Winter Park, FL 32789-4501
Winter Park metro Census 19000 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Zoning & alternative use

C-3 · Winter Park, FL
Zoning description

Sec. 58-76. - Commercial (C-3) district. (a) Purpose and intent. (1) Certain areas of the city along arterial and collector roadways have developed and are being redeveloped as highway-oriented commercial areas. The purp…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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