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    Property profile & analytics

    2353 Ocoee Apopka Rd Ocoee, FL 34761-5301

    • Retail space
    • 15,876 SF
    • 2.12 lot acres
    OFF-MARKET
    Last Sale
    Sep 07, 2022
    $5,943,300
    Value Estimations
    $5,820,000
    Show details
    Cap Rate Potential
    5.6%
    Retail space
    Location Intelligence
    Property ID
    US18-6273356
    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

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service
    • Cardtronics / Atm
    • Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy

    Property Details for 2353 Ocoee Apopka Rd

    Year built
    2011
    Lot size
    2.12 lot acres
    Property size
    15,876 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    06-22-28-9174-01-000
    APU
    62228917401000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,580,000
      ML approach
      $5,750,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,195,000
      6.5%
      $4,795,000
      7%
      $4,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,873,000
      Market price range: $2.25M - $6.40M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,230,000
      Current use
      RESTAURANT
      $7,690,000
      Change: +82% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $6,595,000
      Change: +56% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,460,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,335,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $5,065,000
      Change: +20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocoee
    County
    Orange
    State
    Florida
    Longitude
    -81.5514
    Latitude
    28.6029
    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
    $61,303
    $1,293,492
    $2,200,007
    $3,493,499
    -
    $1,293,492
    $2,200,007
    $3,493,499

    Comparable in this City

    • Value Estimation
      $1,390,000
      6,925 SF

      11172 Colonial Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,925 SF
      11172 Colonial Dr, Ocoee, FL 34761-3311
      View Details
    • Value Estimation
      $2,900,000
      16,284 SF

      10401 Colonial Dr

      RETAIL STORES (PERSONAL SERVICES) • 16,284 SF
      10401 Colonial Dr, Ocoee, FL 34761-2992
      View Details
    • Value Estimation
      $2,460,000
      6,973 SF

      151 Clarke Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,973 SF
      151 Clarke Rd, Ocoee, FL 34761-2567
      View Details
    • Value Estimation
      $10,735,000
      60,260 SF

      9775 Colonial Dr

      RETAIL STORES (PERSONAL SERVICES) • 60,260 SF
      9775 Colonial Dr, Ocoee, FL 34761-3439
      View Details
    • Value Estimation by Request
      3,600 SF

      10 Cumberland Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      10 Cumberland Ave, Ocoee, FL 34761-2608
      View Details
    • Value Estimation
      $1,385,000
      9,000 SF

      104 Mckey St

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      104 Mckey St, Ocoee, FL 34761-2615
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Ocoee Showroom and Office Space

      4,691 SF showroom, office, and warehouse near Windermere.
      644 Maguire Rd, Ocoee, FL 34761
      View Details
    • $100,000
      2,000 SF

      Established Restaurant & Catering Operation

      Restaurant and catering business for sale in Ocoee, Florida.
      2222 Ocoee Apopka Rd, Ocoee, FL 34761
      View Details
    • $750,000
      1,434 SF

      Ocoee Restaurant Investment Opportunity

      Leased restaurant property in a high-growth Ocoee commercial area.
      1711 Amazing Way, Ocoee, FL 34761
      View Details
    • $7,995,000
      61,100 SF

      425 Silver Star Rd

      Lifestyle centers • 61,100 SF
      425 Silver Star Rd, Ocoee, FL 34761
      View Details
    • $2,600,000
      2.39 Acres

      Renovated Mixed-Use Property in Ocoee

      Renovated mixed-use property with ample parking and commercial zoning.
      325 Ocoee Apopka Rd, Ocoee, FL 34761
      View Details
    • $499,000
      28,749 SF

      Ocoee Commercial Land - $499K

      High-traffic corner lot, build-to-suit.
      0 Silver Star Rd, Ocoee, FL 34761
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,450 SF

      Retail Space Near Health Central

      Retail space available across from Health Central in Ocoee, FL.
      10135 W Colonial Dr, Ocoee, FL 34761
      View Details
    • Contact for pricing
      12,500 SF

      Retail Space on Colonial Drive

      Retail space available in high-traffic Ocoee location.
      8880 W Colonial Dr, Ocoee, FL 34761
      View Details
    • $5,283 /Mo
      904 SF

      Salon Spa Suite in Ocoee

      Meticulously designed suite with modern interior, ideal for various uses.
      1711 Amazing Way, Ocoee, FL 34761
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space with Drive-Thru

      Retail units with drive-thru access and high traffic volume.
      1750 Maguire Rd, Ocoee, FL 34761
      View Details
    • Contact for pricing

      Retail Center Anchored by Publix

      Neighborhood retail center with strong visibility and convenient access.
      8805 West Colonial Dr, Ocoee, FL 34761
      View Details
    • Contact for pricing
      1,564 SF

      Ocoee Retail Space Available

      Retail and restaurant spaces available near Florida's Turnpike.
      320-368 Moore Rd, Ocoee, FL 34761
      View Details
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    Ocoee, FL 34761-5301
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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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