Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24214 Sorrento Ave Sorrento, FL 32776-9580
    Property profile & analytics

    24214 Sorrento Ave, Sorrento, FL 32776-9580

    View on Map
    • Office buildings
    • 1,665 SF
    • 1.95 lot acres
    Off-Market
    Property ID
    US18-1870776
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 24214 Sorrento Ave

    Year built
    1978
    Construction
    CONCRETE BLOCKS
    Lot size
    1.95 lot acres
    Property type
    Office buildings
    APN
    30-19-28-0003-000-04200
    APU
    301928000300004200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2016 — Lake Cnty East Lake County Chamber Of Comme Quit Claim Deed · related —
    Aug 24, 2016 $220,000 East Lake County Chamber Of Comme Dewitt,jacqueline Warranty Deed —
    — — Jacqueline Dewitt — Deed Of Trust · related $74k · Wells Fargo Home Mortgage INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sorrento
    County
    Lake
    State
    Florida
    Longitude
    -81.5562
    Latitude
    28.8068
    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
    $792
    $0.00
    $0.00
    $267,947
    -
    $133,614
    $134,333
    $267,947

    Comparable in this City

    • Value Estimation by Request
      1,488 SF

      31415 County Rd 435

      PROFESSIONAL BUILDING
      31415 County Rd 435, Mount Plymouth, FL 32776-7529
      View Details
    • Value Estimation by Request
      1,400 SF

      25520 Sorrento Ave

      PROFESSIONAL BUILDING
      25520 Sorrento Ave, Sorrento, FL 32776-9632
      View Details
    • Value Estimation by Request
      1,008 SF

      32218 County Rd 437

      OFFICE BUILDING
      32218 County Rd 437, Sorrento, FL 32776-9382
      View Details
    • Value Estimation by Request
      896 SF

      25715 Sorrento Ave

      OFFICE BUILDING
      25715 Sorrento Ave, Mount Plymouth, FL 32776-9561
      View Details
    • Value Estimation
      $1,125,000
      3,241 SF

      31431 Payne Rd

      OFFICE BUILDING
      31431 Payne Rd, Sorrento, FL 32776-9516
      View Details
    • Value Estimation
      $685,000
      4,560 SF

      24106 Sorrento Ave

      OFFICE BUILDING
      24106 Sorrento Ave, Sorrento, FL 32776
      View Details

    Similar Nearby for Sale

    • $1,900,000
      4,974 SF

      Versatile Commercial Building on 4.6 Acres

      5,000 sqft commercial building on 4.6 acres in Sorrento, FL.
      31336 County Road 437, Sorrento, FL 32776
      View Details
    • Contact for pricing
      4,974 SF

      Versatile Commercial Building on Acreage

      5,000 sqft commercial building on 4.6 acres in Sorrento.
      31336 County Road 437, Sorrento, FL 32776
      View Details
    • $1,300,000
      4.35 Acres

      Commercial Land in Sorrento, FL

      CP-zoned land parcel in growing Sorrento corridor.
      24629 Sorrento Ave, Sorrento, FL 32776
      View Details
    • Contact for pricing
      5,919 SF

      Versatile Commercial Building on Acreage

      5,000 sqft commercial building on 4.68 acres in Sorrento.
      31336 County Road 437, Sorrento, FL 32776
      View Details
    • $395,000
      0.96 Acres

      Wekiva River Waterfront Land

      Rare waterfront lot on the Wekiva River, adjacent to resort.
      Okaloosa Trl, Sorrento, FL 32776
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,003 SF

      Retail Space in Publix Outparcel

      2,212 SF gray shell space ideal for various uses.
      24430 State Road 44, Sorrento, FL 32776
      View Details
    • $53,088

      Retail Space in Sorrento Plaza

      Retail space available in a Publix-anchored shopping center.
      24430 State Road 44, Sorrento, FL 32776
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24214 Sorrento Ave
    Sorrento, FL 32776-9580
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24214 Sorrento Ave, Sorrento, FL, 32776
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!