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

    2001 Hiawassee Rd Apopka, FL 32703-8286

    • Auto shops
    • 5,312 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3855668
    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

    • Apopka Auto Repair / Auto Repair Shop

    Property Details for 2001 Hiawassee Rd

    Year built
    1977
    Lot size
    0.40 lot acres
    Property size
    5,312 SF
    Zone code
    IND-2/IND-3
    Property type
    Auto shops
    APN
    24-21-28-0000-00-008
    APU
    242128000000008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $294,000
      Market price range: $295k - $861k

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

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.4723
    Latitude
    28.6472
    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
    $4,475
    $80,457
    $234,504
    $314,961
    -
    $80,457
    $234,504
    $314,961

    Comparable in this City

    • Value Estimation
      $1,225,000
      6,478 SF

      2616 Pemberton Dr

      AUTO REPAIR, GARAGE • 6,478 SF
      2616 Pemberton Dr, Apopka, FL 32703-9402
      View Details
    • Value Estimation
      $385,000
      7,668 SF

      3138 Overland Rd

      AUTO REPAIR, GARAGE • 7,668 SF
      3138 Overland Rd, Apopka, FL 32703-9471
      View Details
    • Value Estimation
      $720,000
      3,970 SF

      2225 Coral Hls Rd

      AUTO REPAIR, GARAGE • 3,970 SF
      2225 Coral Hls Rd, Apopka, FL 32703-7900
      View Details
    • Value Estimation
      $300,000
      2,287 SF

      545 Orange Blossom Trl

      AUTO REPAIR, GARAGE • 2,287 SF
      545 Orange Blossom Trl, Apopka, FL 32703-5445
      View Details
    • Value Estimation
      $660,000
      9,004 SF

      2500 Pemberton Dr

      AUTO REPAIR, GARAGE • 9,004 SF
      2500 Pemberton Dr, Apopka, FL 32703-9408
      View Details
    • Value Estimation
      $405,000
      3,720 SF

      552 Piedmont Wekiwa Rd

      AUTO REPAIR, GARAGE • 3,720 SF
      552 Piedmont Wekiwa Rd, Apopka, FL 32703-5821
      View Details

    Similar Nearby for Sale

    • $2,200,000
      3,334 SF

      Apopka Auto Shop - $2.2M

      Prime Apopka location, high-traffic area.
      215 Main St, Apopka, FL 32703
      View Details
    • $550,000
      864 SF

      Auto Garage Redevelopment Opportunity

      Auto garage on large lot with redevelopment potential in Apopka.
      1029 Tilden Ave, Apopka, FL 32703
      View Details
    • $895,000
      4,414 SF

      Apopka Commercial Building with Drive-Thru

      4,414 SF building with drive-thru on 1.45 AC lot.
      555 S Hunt Club Blvd, Apopka, FL 32703
      View Details
    • Contact for pricing
      9,231 SF

      Apopka Office Building For Sale

      9,231 SF Office/Retail, Redevelopment Potential
      1655 Semoran Blvd, Apopka, FL 32703
      View Details
    • $55,000
      599 SF

      APOPKA, FL Retail Opportunity

      Retail space available in APOPKA, Florida.
      123 W Main St, Apopka, FL 32703
      View Details
    • $1,360,000

      Apopka Shell Building For Sale

      Shell building in mixed-use development, ideal for medical or professional offices.
      2835 Ocoee Apopka Rd, Apopka, FL 32703
      View Details

    Similar Nearby for Lease

    • $30,000
      10 SF

      Industrial Land with Truck Parking

      12.27 acres with 9,000 SF warehouse, ideal for industrial operations.
      135 Hermit Smith Rd, Apopka, FL 32703
      View Details
    • $35 SF/Yr
      236,085 SF

      Wekiva Riverwalk Office Suites

      Apopka Office Space: 1,500-2,433 SF
      2101 Semoran Blvd, Apopka, FL 32703
      View Details
    • Contact for pricing
      7,350 SF

      New Retail Development Project

      New retail development project with high visibility and growing community.
      10714 Clarcona Ocoee Rd, Apopka, FL 32703
      View Details
    • Contact for pricing
      7,700 SF

      Colonial Shoppes at Bear Lake

      Neighborhood centers
      3030 Semoran Blvd, Apopka, FL 32703
      View Details
    • Contact for pricing
      4,000 SF

      Apopka Land Regional Shopping Center

      Retail property in a growing Orlando suburb, built in 1986.
      701 S Orange Blossom Trl, Apopka, FL 32703
      View Details
    • Contact for pricing
      53,527 SF

      Apopka City Center North Retail Space

      Grocery-anchored retail center; prime Apopka location.
      611 Main St, Apopka, FL 32703
      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.
    2001 Hiawassee Rd
    Apopka, FL 32703-8286
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.