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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Office buildings
241 Obrien Rd Fern Park, FL 32730-2802
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3707555
Property summary
AI-generated overview
This exceptional single-tenant office building, located at 241 Obrien Road in Casselberry, Florida, presents a compelling opportunity for businesses seeking a well-established presence in Seminole County. The property boasts a substantial 8,168 square feet of functional office space within a Class B, single-story building situated on a generous 1.56 acres of land. Ample parking is provided with 42 spaces available for employees and clients. The building's traditional office layout offers flexibility for various business configurations. Its C-1 zoning allows for a range of commercial uses, providing future adaptability. The property's convenient location in Casselberry, Florida, offers easy access to major transportation routes, ensuring seamless commutes for staff and clients. This is an ideal space for a company seeking a well-maintained, spacious, and conveniently located office building in a thriving area of Seminole County. The property is ready for immediate occupancy, offering a turnkey solution for businesses looking to establish or expand their operations. The address is 241 Obrien Road, Fern Park, FL 32730.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
CONCRETE BLOCKS
Total area
8,168 SF
Lot
1.56 ac (67,779 SF)
APN
19-21-30-507-0H00-0000
UPID
US18-3707555
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.59M
Owner & transaction history
Stepping Stones Behavioral Support · 1 yrs held
Stepping Stones Behavioral Support
since 2025
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+38.4%
Neighborhood: shopping center
$1.8M
+16.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fern Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fern Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,565,000
Current use
COMMERCIAL (GENERAL)
$2,165,000
Change: +38% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,815,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,550,000
Change: -1% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,490,000
Change: -5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,420,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $2.00M (Oct 22 2024)
Last sale anchor
$2.00M
Oct 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,833
Tax year 2023
Assessed value
$964,317
Assessed 2023
Previous assessed
$959,855
+0.5% YoY
Effective rate
1.33%
On assessed value
Land market value
$294,252
Improvement market value
$670,065
Total market value
$964,317
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
3
Total area
8,168 SF
Lot
1.56 ac (67,779 SF)
APN
19-21-30-507-0H00-0000
UPID
US18-3707555
Jurisdiction
SEMINOLE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Bathrooms
3
Lot
1.56 ac
Current owner
From public records · entity-resolved
Stepping Stones Behavioral Support
Individual
Mailing address
784 LONG LK DR, OVIEDO, FL 32765-8557
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$2,000,000
Stepping Stones Behavioral Support
Lawrence W Carroll JR
Warranty Deed
$2,325,000 · Stone Bank
Mar 13, 2019
—
Lawrence W Carroll JR
—
Deed
related
$500,000 · Centennial Bank
Mar 21, 2013
—
Carroll L W JR Family Trust
Carroll Lawrence W JR
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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