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

    1931 W Fairbanks Ave Winter Park, FL 32789

    • Auto shops
    • 2,158 SF
    • 0.26 lot acres
    For Sale
    View listing
    $1,900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5388344
    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

    • Auto shops

    Property Details for 1931 W Fairbanks Ave

    Year built
    1957
    Lot size
    0.26 lot acres
    Property size
    2,158 SF
    Zone code
    C-3
    Property type
    Auto shops
    APN
    12-22-29-4076-05-230
    APU
    122229407605230

    Description

    This exceptional 2,158 square foot auto shop, situated on a prominent corner lot in Winter Park, Florida (1931 W Fairbanks Ave, 32789), presents a unique owner-user or investment opportunity. The property, built in 1957 and renovated in 2017, boasts a Class B rating and sits on an 11,528 square foot lot zoned C-3. The single-story building features 1,975 square feet of net rentable space, including two service bays equipped with energy-efficient doors and automatic openers. Modern upgrades include a new roof (2017), full air conditioning, a separate rear storage room, and a comprehensive high-end video surveillance system covering both the interior and exterior. The property is fully fenced with a 4-foot metal fence and two rolling gates, enhancing security and providing ample space. This hard-to-find free-standing corner location at the intersection of Fairbanks and Ohio Avenues offers exceptional visibility and accessibility, making it ideal for a thriving auto repair business or a savvy investor seeking a strong return. The asking price is $1,995,000. Property APN: 122229407505230.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3756
    Latitude
    28.5934
    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
    $13,539
    $407,500
    $430,458
    $837,958
    -
    $407,500
    $430,458
    $837,958

    Comparable in this City

    • Value Estimation
      $755,000
      8,440 SF

      899 Orlando Ave

      AUTO REPAIR, GARAGE • 8,440 SF
      899 Orlando Ave, Winter Park, FL 32789-4846
      View Details
    • Value Estimation by Request
      2,614 SF

      2324 Fairbanks Ave

      AUTO REPAIR, GARAGE • 2,614 SF
      2324 Fairbanks Ave, Winter Park, FL 32789-4512
      View Details
    • Value Estimation by Request
      4,262 SF

      1071 Fairbanks Ave

      AUTO REPAIR, GARAGE • 4,262 SF
      1071 Fairbanks Ave, Winter Park, FL 32789-4753
      View Details
    • Value Estimation by Request
      2,192 SF

      1440 Formosa Ave

      AUTO REPAIR, GARAGE • 2,192 SF
      1440 Formosa Ave, Winter Park, FL 32789-5328
      View Details
    • Value Estimation by Request
      2,296 SF

      1886 Kentucky Ave

      AUTO REPAIR, GARAGE • 2,296 SF
      1886 Kentucky Ave, Winter Park, FL 32789-4529
      View Details
    • Value Estimation by Request
      2,436 SF

      2701 Lee Rd

      AUTO REPAIR, GARAGE • 2,436 SF
      2701 Lee Rd, Winter Park, FL 32789-1765
      View Details

    Similar Nearby for Sale

    • $1,900,000
      2,158 SF

      Winter Park Retail Opportunity

      Vacant retail building in high-demand Winter Park area.
      1931 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • $480,000
      1,008 SF

      Winter Park Retail Opportunity

      Retail space in Winter Park with ample parking.
      2001 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      4,693 SF

      Retail Property in Winter Park

      Retail property available for sale in Winter Park, Florida.
      610 W Morse Blvd, Winter Park, FL 32789
      View Details
    • $725,000
      1,517 SF

      Winter Park Retail Space Available

      Retail space with storefront glass and ample parking.
      2015 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,500 SF

      Winter Park Starbucks Investment Property

      NN leased Starbucks with drive-thru and below market rental rate.
      2615 Lee Rd, Winter Park, FL 32789
      View Details
    • $499,000

      Residential Lot in Downtown Winter Park

      R-2 lot in the heart of downtown Winter Park.
      631 Symonds Ave, Winter Park, FL 32789
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      3,750 SF

      Winter Park Showroom with Vehicle Lanes

      Showroom with vehicle lanes available for rent in Winter Park.
      1011 N Orange Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,610 SF

      Freestanding Retail Building in Winter Park

      Single-tenant building with frontage on US 17-92.
      347 N Orlando Ave, Winter Park, FL 32789
      View Details
    • $35 SF/Yr
      3,482 SF

      Winter Park Retail/Office Space

      Ground floor space in Winter Park near Rollins College.
      421 West Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      1,460 SF

      Retail Space in Winter Park

      Retail space available for lease in Winter Park, Florida.
      933 N Orlando Ave, Winter Park, FL 32789
      View Details
    • $29 SF/Yr
      2,070 SF

      Winter Park Retail Space Available

      Retail space available for lease in Winter Park, Florida.
      2021 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • $18 SF/Yr
      11,650 SF

      Winter Park Retail Space Available

      Retail space for lease in Winter Park, Florida.
      701-751 S Orlando Ave, Winter Park, FL 32789
      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.
    1931 W Fairbanks 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

    Google sign-in failed. Please try again or use another login method.