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

    2228 Winter Woods Blvd Winter Park, FL 32792

    • Office buildings
    • 41,000 SF
    • 2.03 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    May 27, 2021
    $2,900,000
    Value Estimations
    $3,445,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4994619
    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

    • E320 Church / Church
    • FedEx Drop Box / Mailing Service
    • Paul Scoates Financial / Financial Planner

    Property Details for 2228 Winter Woods Blvd

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    2.03 lot acres
    Property size
    41,000 SF
    Property type
    Office buildings
    APN
    33-21-30-300-005F-0000
    APU
    332130300005F0000

    Description

    This exceptional Winter Park, Florida office building, located at 2228 Winter Woods Blvd, offers 41,000 square feet of versatile space ideal for a variety of businesses. Built in 1969 and extensively renovated in 2021, this Class B property boasts a prime location off Semoran Boulevard, experiencing over 60,000 vehicles daily. The building features 20 suites, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 20,000 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,188,000
      Market price range: $4.19M - $11.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Seminole
    State
    Florida
    Longitude
    -81.3147
    Latitude
    28.6182
    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
    $35,011
    $0.00
    $0.00
    $2,620,330
    -
    $681,429
    $1,938,901
    $2,620,330

    Comparable in this City

    • Value Estimation by Request
      1,760 SF

      2340 Glenwood Dr

      PROFESSIONAL BUILDING • 1,760 SF
      2340 Glenwood Dr, Winter Park, FL 32792-3314
      View Details
    • Value Estimation
      $2,435,000
      9,480 SF

      255 Lakemont Ave

      PROFESSIONAL BUILDING • 9,480 SF
      255 Lakemont Ave, Winter Park, FL 32792-3229
      View Details
    • Value Estimation
      $2,610,000
      10,588 SF

      2010 Crosby Way

      PROFESSIONAL BUILDING • 10,588 SF
      2010 Crosby Way, Winter Park, FL 32792-4119
      View Details
    • Value Estimation by Request
      1,950 SF

      1940 Howell Br Rd

      PROFESSIONAL BUILDING • 1,950 SF
      1940 Howell Br Rd, Winter Park, FL 32792-1013
      View Details
    • Value Estimation
      $1,740,000
      11,912 SF

      5971 Brick Ct

      OFFICE BUILDING (MULTI-STORY) • 11,912 SF
      5971 Brick Ct, Winter Park, FL 32792-9307
      View Details
    • Value Estimation
      $1,465,000
      10,199 SF

      6001 Brick Ct

      OFFICE BUILDING (MULTI-STORY) • 10,199 SF
      6001 Brick Ct, Winter Park, FL 32792-9425
      View Details

    Similar Nearby for Sale

    • $695,500
      1,656 SF

      Winter Park Professional Office Building

      Free-standing Winter Park office building in a prime location.
      1977 Dundee Dr, Winter Park, FL 32792
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    • $549,000
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      Winter Park Office Investment

      Prime Winter Park office building with C-1 zoning.
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    • $2,800,000
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      Winter Park Mixed-Use Opportunity

      Two buildings in Winter Park near Costco and Full Sail.
      3425 Forsyth Rd, Winter Park, FL 32792
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    • $225,000
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      Winter Park Office Space

      Well-maintained office space in Winter Park Commerce Center.
      3580 Aloma Ave, Winter Park, FL 32792
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    • $9,000,000
      54,349 SF

      Winter Park Sports Complex Opportunity

      Premier sports complex with bar/restaurant mezzanine and ample parking.
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      Income-Producing Duplex in Winter Park

      Winter Park duplex with renovated unit and tenant-occupied unit.
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    Similar Nearby for Lease

    • $23 SF/Yr
      110,129 SF

      Winter Park Office Park

      Multi-building office park with prime access to amenities.
      1595 South Semoran Blvd, Winter Park, FL 32792
      View Details
    • $14 SF/Yr
      16,845 SF

      Aloma Ave Office Space

      Winter Park Office Suites Available
      7523 Aloma Ave, Winter Park, FL 32792
      View Details
    • $25 SF/Yr
      18,971 SF

      Winter Park Medical Office Building

      Prime Medical Office, Winter Park, FL
      255 Lakemont Ave, Winter Park, FL 32792
      View Details
    • $17 SF/Yr
      28,448 SF

      Winter Park Office Space Available

      Office space available for lease in Winter Park, Florida.
      6903 University Blvd, Winter Park, FL 32792
      View Details
    • Contact for pricing
      2,566 SF

      Winter Park Office Space Available

      High-quality office park in Winter Park with flexible units.
      6903-6947 University Blvd, Winter Park, FL 32792
      View Details
    • $226,700

      Winter Woods Office Space Available

      Office spaces available in Winter Park, ranging from 600-1600 sqft.
      2228 Winter Woods Blvd, Winter Park, FL 32792
      View Details
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    2228 Winter Woods Blvd
    Winter Park, FL 32792
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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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