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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1909 Slavia Rd Oviedo, FL 32765-7622

    • Warehouses
    • 2,000 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    7.2%
    Warehouses
    Location Intelligence
    Property ID
    US18-3875187
    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

    • Lukas Nursery & Butterfly Encounter / Tourist Attraction / Plant Nursery

    Property Details for 1909 Slavia Rd

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    2.30 lot acres
    Property size
    2,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    20-21-31-300-0030-0000
    APU
    20213130000300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $310,000
      6.5%
      $290,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $367,000
      Market price range: $205k - $631k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $365,000
      Current use
      OFFICE BUILDING
      $425,000
      Change: +17% Conversion: Difficult
      RETAIL STORES
      $380,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.232
    Latitude
    28.6479
    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
    $2,552
    $191,043
    $53,604
    $244,647
    -
    $0.00
    $0.00
    $371,004

    Comparable in this City

    • Value Estimation by Request
      14,138 SF

      531 Econ Cir

      MINI-WAREHOUSE, STORAGE • 14,138 SF
      531 Econ Cir, Oviedo, FL 32765-4315
      View Details
    • Value Estimation by Request
      2,500 SF

      1030 State Rd 434

      MINI-WAREHOUSE, STORAGE • 2,500 SF
      1030 State Rd 434, Oviedo, FL 32765-8964
      View Details
    • Value Estimation by Request
      21,493 SF

      2544 Connection Pt

      MINI-WAREHOUSE, STORAGE • 21,493 SF
      2544 Connection Pt, Oviedo, FL 32765-9086
      View Details
    • Value Estimation by Request
      4,108 SF

      2100 Ekana Dr

      MINI-WAREHOUSE, STORAGE • 4,108 SF
      2100 Ekana Dr, Oviedo, FL 32765-5861
      View Details
    • Value Estimation
      $430,000
      2,125 SF

      431 Geneva Dr

      MINI-WAREHOUSE, STORAGE • 2,125 SF
      431 Geneva Dr, Oviedo, FL 32765-7844
      View Details
    • Value Estimation
      $235,000
      1,621 SF

      1000 Van Arsdale St

      MINI-WAREHOUSE, STORAGE • 1,621 SF
      1000 Van Arsdale St, Oviedo, FL 32765-9559
      View Details

    Similar Nearby for Sale

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      Highway 46 Commercial Land Opportunity

      Prime Oviedo, FL Retail Land - $575,000
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    • $3,133,500

      Raw Land with Artesian Wells

      22 acres of raw land with artesian wells.
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    • Contact for pricing

      Land For Sale in Oviedo

      Land available in growing Oviedo, northeast of Orlando, Florida.
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    • $80,000
      0.50 Acres

      Half Acre Treed Residential Lot

      Half acre residential lot in Oviedo, Florida, with convenient access.
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      View Details
    • $900,000
      1,652 SF

      Class A Medical/Professional Office

      Turnkey medical/professional office space with high-end finishes in Oviedo, FL.
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    • $619,000
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      Prepared Land Parcel in OVIEDO

      5-acre parcel with completed improvements, ready for immediate construction.
      1630 Murphy St, Oviedo, FL 32765
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      14,255 SF

      Office Warehouse in South Park

      6,351 SF office/warehouse space for lease near UCF.
      531 South Econ Cir, Oviedo, FL 32765
      View Details
    • $14 SF/Yr
      3,200 SF

      Oviedo Warehouse/Flex Space Available

      Warehouse/flex space with frontage on SR 426 in Oviedo, FL.
      2462 W State Road 426, Oviedo, FL 32765
      View Details
    • $19 SF/Yr
      1,876 SF

      Oviedo Industrial Space For Lease

      Versatile Oviedo space, 938-1876 sqft.
      2781 Wrights Rd, Oviedo, FL 32765
      View Details
    • $17,400 /Mo

      Versatile Warehouse with Office Space

      Warehouse and office space near 417 Expressway, Oviedo, Florida.
      431 Aulin Ave, Oviedo, FL 32765
      View Details
    • $15 SF/Yr
      53,000 SF

      Oviedo Flex Space: 53,000 SF

      Prime Oviedo flex space, multiple suites available.
      2460-2466 Sr 426, 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
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    1909 Slavia Rd
    Oviedo, FL 32765-7622
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    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
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