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    2332 W Oak Ridge Rd Orlando, FL 32809
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    Property profile & analytics

    2332 W Oak Ridge Rd, Orlando, FL 32809

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    • Strip malls
    • 16,433 SF
    • 7.84 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Neighborhood Center Retail Space Available For Lease
    $18 SF/Yr
    75,701 SF

    Neighborhood Center Retail Space Available

    Retail spaces available in high-traffic neighborhood center.

    2332 - 2394 W Oak Ridge Road, Orlando, FL 32809
    View Listing
    Property ID
    US18-4404528
    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
    $11,720,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Orlando Truck Driving Academy / Vocational School
    • Mariscos El Pulpo / Restaurant

    Property Details for 2332 W Oak Ridge Rd

    Year built
    1977
    Lot size
    7.84 lot acres
    Zone code
    C-1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    21-23-29-6346-02-000
    APU
    212329634602000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $13,210,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,045,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4105
    Latitude
    28.4711
    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
    $174,957
    $2,873,647
    $7,390,636
    $10,264,283
    -
    $2,873,647
    $7,390,636
    $10,264,283

    Comparable in this City

    • Value Estimation
      $11,650,000
      48,661 SF

      5601 Orange Ave

      SHOPPING CENTER, STRIP CENTER
      5601 Orange Ave, Edgewood, FL 32809-4229
      View Details
    • Value Estimation
      $1,740,000
      38,503 SF

      4015 Oak Rdg Rd

      SHOPPING CENTER, STRIP CENTER
      4015 Oak Rdg Rd, Orlando, FL 32809-3602
      View Details
    • Value Estimation
      $2,330,000
      25,859 SF

      7001 Orange Blossom Trl

      SHOPPING CENTER, STRIP CENTER
      7001 Orange Blossom Trl, Orlando, FL 32809-5714
      View Details
    • Value Estimation
      $1,440,000
      16,791 SF

      621 Lancaster Rd

      SHOPPING CENTER, STRIP CENTER
      621 Lancaster Rd, Orlando, FL 32809
      View Details
    • Value Estimation by Request
      312 SF

      8421 Orlando St

      Lifestyle centers
      8421 Orlando St, Orlando, FL 32809
      View Details
    • Value Estimation
      $2,410,000
      18,303 SF

      8001 Orange Blossom Trl

      REGIONAL SHOPPING CENTER, MALL
      8001 Orange Blossom Trl, Orlando, FL 32809-7654
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Climate-controlled flex space with office and warehouse components.
      5515 S Orange Ave, Pinecastle, FL 32809
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    • Contact for pricing
      850 SF

      Freestanding Jiffy Lube on Orange Blossom

      Freestanding Jiffy Lube with long-term NNN lease in Orlando.
      6034 S Orange Blossom Trl, Orlando, FL 32809
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    Similar Nearby for Lease

    • $18 SF/Yr

      Neighborhood Center Retail Space Available

      Retail spaces available in high-traffic neighborhood center.
      2332 W Oak Ridge Rd, Orlando, FL 32809
      View Details
    • Contact for pricing
      1,822 SF

      Retail Space Near Florida Mall

      Retail space with high visibility near a major shopping destination.
      8204 Crystal Clear Ln, Orlando, FL 32809
      View Details
    • Contact for pricing
      158,400 SF

      Prime Retail Space Near Florida Mall

      158,400 SF retail space adjacent to super-regional Florida Mall.
      8001 S Orange Blossom Trl, Orlando, FL 32809
      View Details
    • $27 SF/Yr

      Orlando Retail Space For Lease

      Prime Orlando commercial property with high visibility and ample parking.
      1700 West Sand Lake Rd, Orlando, FL 32809
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space Near Florida Mall

      Retail space available near Florida Mall with high traffic.
      7613-7687 S Orange Blossom Trl, Orlando, FL 32809
      View Details
    • Contact for pricing
      3,368 SF

      Retail Space Near Florida Mall

      Retail space available in high-traffic Orlando location.
      7855-7935 S Orange Blossom Trl, Orlando, FL 32809
      View Details
    View Listing
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    Orlando, FL 32809
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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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