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

    241 Obrien Rd Fern Park, FL 32730-2802

    • Office buildings
    • 8,168 SF
    • 1.56 lot acres
    OFF-MARKET
    Last Sale
    Oct 22, 2024
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3707555
    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

    • Office buildings

    Property Details for 241 Obrien Rd

    Year built
    1999
    Construction
    CONCRETE BLOCKS
    Lot size
    1.56 lot acres
    Property size
    8,168 SF
    Property type
    Office buildings
    APN
    19-21-30-507-0H00-0000
    APU
    1921305070H000000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fern Park
    County
    Seminole
    State
    Florida
    Longitude
    -81.357
    Latitude
    28.6482
    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
    $12,833
    $0.00
    $0.00
    $964,317
    -
    $294,252
    $670,065
    $964,317

    Comparable in this City

    • Value Estimation by Request
      4,772 SF

      150 Oxford Rd

      OFFICE BUILDING • 4,772 SF
      150 Oxford Rd, Fern Park, FL 32730-2104
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    • Value Estimation
      $2,525,000
      4,470 SF

      134 Fernwood Blvd

      PROFESSIONAL BUILDING • 4,470 SF
      134 Fernwood Blvd, Fern Park, FL 32730-2108
      View Details
    • Value Estimation by Request
      3,044 SF

      207 Obrien Rd

      OFFICE BUILDING • 3,044 SF
      207 Obrien Rd, Fern Park, FL 32730-2838
      View Details
    • Value Estimation by Request
      2,800 SF

      8490 Us Hwy 1792

      OFFICE BUILDING (MULTI-STORY) • 2,800 SF
      8490 Us Hwy 1792, Fern Park, FL 32730-2837
      View Details
    • Value Estimation by Request
      4,000 SF

      2601 Wls Ave

      OFFICE BUILDING • 4,000 SF
      2601 Wls Ave, Fern Park, FL 32730-2000
      View Details
    • Value Estimation by Request
      2,640 SF

      128 Oxford Rd

      PROFESSIONAL BUILDING • 2,640 SF
      128 Oxford Rd, Fern Park, FL 32730-2115
      View Details

    Similar Nearby for Sale

    • $339,900

      Casselberry Office Space Opportunity

      Move-in ready office space with potential for home-based business.
      216 Obrien Rd, Casselberry, FL 32730
      View Details
    • $1,200,000

      Retail Building with Residential Income

      Commercial building with retail space and income-generating residential duplex.
      8280 1792, Casselberry, FL 32730
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Fern Park Location

      Versatile space in a sought-after Orlando location.
      6405 Fern Park Fern Park, Orlando, FL 32730
      View Details
    • $2,000 /Mo
      1,200 SF

      Furnished Office Space Available

      Furnished office space for rent with building signage.
      204 Obrien Rd, Fern Park, FL 32730
      View Details
    • Contact for pricing

      Prime Retail Space in Fern Park

      Versatile retail space with high visibility and accessibility in Orlando.
      103-191 Fern Park, Orlando, FL 32730
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    • Contact for pricing
      108,509 SF

      Main Street Square Retail Space

      Fern Park, FL retail center with high visibility.
      7800 17-92 Hwy, Fern Park, FL 32730
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    • Contact for pricing

      Prime Retail Space on Highway

      Retail space with high visibility and accessibility in Fern Park.
      6735 Fern Park, Orlando, FL 32730
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    • Contact for pricing
      108,509 SF

      Retail Space on High-Traffic Highway

      Retail property with high visibility and multiple access points.
      7800 S Us Hwy, Fern Park, FL 32730
      View Details
    Request Owner's contact information
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    241 Obrien Rd
    Fern Park, FL 32730-2802
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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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