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    2018 Fairbanks Ave Winter Park, FL 32789-4506
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    Property profile & analytics

    2018 Fairbanks Ave, Winter Park, FL 32789-4506

    View on Map
    • Investment properties
    • 2,203 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US18-3766400
    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
    $560,000
    Show details
    Cap Rate Potential
    6.1%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Blue Moon Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 2018 Fairbanks Ave

    Year built
    1926
    Lot size
    0.49 lot acres
    Zone code
    C-3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    12-22-29-6172-02-180
    APU
    122229617202180

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $485,000
      6.5%
      $445,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $752,000
      Market price range: $371k - $753k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3768
    Latitude
    28.5929
    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
    $20,756
    $741,787
    $539,241
    $1,281,028
    -
    $741,787
    $539,241
    $1,281,028

    Comparable in this City

    • Value Estimation by Request
      2,754 SF

      506 Wymore Rd

      STORE/OFFICE (MIXED USE)
      506 Wymore Rd, Winter Park, FL 32789-2827
      View Details
    • Value Estimation
      $1,790,000
      1,893 SF

      108 Wymore Rd

      STORE/OFFICE (MIXED USE)
      108 Wymore Rd, Winter Park, FL 32789-3453
      View Details
    • Value Estimation by Request
      2,670 SF

      1650 Lee Rd

      STORE/OFFICE (MIXED USE)
      1650 Lee Rd, Winter Park, FL 32789-2208
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    • Value Estimation by Request
      1,784 SF

      629 Executive Dr

      STORE/OFFICE (MIXED USE)
      629 Executive Dr, Winter Park, FL 32789-2970
      View Details
    • Value Estimation by Request
      1,592 SF

      723 Executive Dr

      STORE/OFFICE (MIXED USE)
      723 Executive Dr, Winter Park, FL 32789-2969
      View Details
    • Value Estimation by Request
      1,997 SF

      613 Executive Dr

      STORE/OFFICE (MIXED USE)
      613 Executive Dr, Winter Park, FL 32789-2970
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Residential Lot in Winter Park

      R-2 lot in downtown Winter Park, Florida.
      621 Symonds Ave, Winter Park, FL 32789
      View Details
    • $725,000
      Pending

      Winter Park Land Opportunity

      Two adjacent R-3 lots in prime Winter Park location.
      770 W Webster Ave, Winter Park, FL 32789
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    • Contact for pricing
      Pending

      Highly Visible Freestanding Office Building

      Freestanding office building with interstate access and strong street presence.
      2691 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • $4,500,000
      0.48 Acres

      Downtown Winter Park Vacant Lot

      Rare 0.48 acre vacant lot in downtown Winter Park.
      503 N Interlachen Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      7,375 SF

      Winter Park Stand-Alone Building

      Highly visible Winter Park building with secure parking and easy access.
      1971 Lee Rd, Winter Park, FL 32789
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    • $1,030,000
      0.51 Acres

      Oversized Lot in Orwin Manor

      Rare Winter Park land parcel in desirable Orwin Manor.
      1541 Westchester Ave, Winter Park, FL 32789
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    Similar Nearby for Lease

    • $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
    • Contact for pricing
      86,382 SF

      Class A Office Building

      Two-story office building with high visibility in Winter Park.
      400 S Park Ave, Winter Park, FL 32789
      View Details
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    2018 Fairbanks Ave
    Winter Park, FL 32789-4506
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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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    2018 Fairbanks Ave, Winter Park, FL, 32789
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