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

    242 Orlando Ave Maitland, FL 32751-5506

    • Grocery and convenience stores
    • 37,643 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $5,710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3166912
    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

    • Publix Pharmacy at Maitland Place / Pharmacy / Medical Center
    • Western Union / Money Transfer Service
    • higi / Health Consultant
    • Joseph Crager / Pharmacy
    • Heather Ina / Pharmacy

    Property Details for 242 Orlando Ave

    Year built
    2004
    Lot size
    0.92 lot acres
    Property size
    37,643 SF
    Zone code
    DM
    Property type
    Grocery and convenience stores
    APN
    25-21-29-5495-00-010
    APU
    252129549500010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,748,000
      Market price range: $5.34M - $15.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Orange
    State
    Florida
    Longitude
    -81.3622
    Latitude
    28.6288
    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
    $61,620
    $756,945
    $3,376,827
    $4,133,772
    -
    $756,945
    $3,376,827
    $4,133,772

    Comparable in this City

    • Value Estimation
      $1,095,000
      6,617 SF

      500 Orlando Ave

      CONVENIENCE STORE • 6,617 SF
      500 Orlando Ave, Maitland, FL 32751-5610
      View Details
    • Value Estimation
      $1,295,000
      5,670 SF

      351 Lk Destiny Rd

      CONVENIENCE STORE • 5,670 SF
      351 Lk Destiny Rd, Maitland, FL 32751-4136
      View Details
    • Value Estimation
      $1,125,000
      4,849 SF

      481 Orlando Ave

      CONVENIENCE STORE • 4,849 SF
      481 Orlando Ave, Maitland, FL 32751-4703
      View Details
    • Value Estimation
      $1,130,000
      932 SF

      111 Atlantic Anx Pt

      FINANCIAL BUILDING • 932 SF
      111 Atlantic Anx Pt, Maitland, FL 32751-3369
      View Details
    • Value Estimation
      $4,995,000
      27,120 SF

      105 Candace Dr

      FINANCIAL BUILDING • 27,120 SF
      105 Candace Dr, Maitland, FL 32751-3327
      View Details
    • Value Estimation by Request
      6,250 SF

      9605 Us Hwy 1792

      RETAIL STORES (PERSONAL SERVICES) • 6,250 SF
      9605 Us Hwy 1792, Maitland, FL 32751-3372
      View Details

    Similar Nearby for Sale

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      3,851 SF

      Freestanding Building in Maitland, Florida

      Freestanding building in Maitland with strong demographics and high visibility.
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      Maitland Medical Office Brownstones

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    • $299,000
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      Maitland Office Space - Short Sale

      Ground floor office, customizable shell space. Prime Maitland location, ample parking.
      668 Orlando Ave, Maitland, FL 32751
      View Details
    • $645,000

      Cleared Land Ready to Build

      Cleared land suitable for office, retail, or multi-family development.
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    Similar Nearby for Lease

    • Contact for pricing
      2,267 SF

      New Retail Space in Maitland

      New construction retail space in specialty grocer anchored center.
      501-701 Maitland Blvd, Maitland, FL 32751
      View Details
    • Contact for pricing
      3,337 SF

      Retail Space in Maitland, FL

      Retail space available with high visibility and ample parking.
      400 N Orlando Ave, Maitland, FL 32751
      View Details
    • $48 SF/Yr
      1,511 SF

      Retail Space in Maitland Center

      Retail space for lease in downtown Maitland, Orlando MSA.
      246 N Orlando Ave, Maitland, FL 32751
      View Details
    • Contact for pricing
      2,247 SF

      Maitland Retail/Office/Medical Space Available

      Professional retail, office, or medical space in Maitland, Florida.
      903 Lake Lily Dr, Maitland, FL 32751
      View Details
    • Contact for pricing

      New Retail Space in Maitland

      First generation retail space in a new shopping center.
      Maitland, FL 32751
      View Details
    • Contact for pricing
      8,071 SF

      Maitland Retail Space For Lease

      Prime Medical Office Space Available
      1351 Orlando Ave, Maitland, FL 32751
      View Details

    Property Visit Statistics

    • Visits by month
      55.3k
    • Visitors by month
      28.9k
    • Avg Time on site
      18 min
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    242 Orlando Ave
    Maitland, FL 32751-5506
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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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