Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24621 Rnch Rd Astatula, FL 34705-9492

    • Warehouses
    • 26,806 SF
    • 11.78 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2022
    $1,900,000
    Value Estimations
    $1,655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0418524
    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

    • Waxedshine Car Care Florida / Car Detailing Service

    Property Details for 24621 Rnch Rd

    Year built
    1978
    Construction
    METAL FRAME
    Lot size
    11.78 lot acres
    Property size
    26,806 SF
    Property type
    Warehouses
    APN
    33-20-26-0001-000-00303
    APU
    332026000100000303

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Astatula
    County
    Lake
    State
    Florida
    Longitude
    -81.7155
    Latitude
    28.7039
    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
    2021
    $11,351
    $0.00
    $0.00
    $1,633,255
    -
    $725,563
    $907,692
    $1,633,255

    Comparable in this City

    • Value Estimation by Request
      3,397 SF

      15000 County Rd 48

      WAREHOUSE, STORAGE • 3,397 SF
      15000 County Rd 48, Astatula, FL 34705-9530
      View Details
    • Value Estimation by Request
      600 SF

      15020 County Rd 48

      WAREHOUSE, STORAGE • 600 SF
      15020 County Rd 48, Astatula, FL 34705-9530
      View Details
    • Value Estimation by Request
      4,000 SF

      23628 County Rd 561

      STORAGE YARD (JUNK, SALVAGE) • 4,000 SF
      23628 County Rd 561, Astatula, FL 34705-9598
      View Details
    • Value Estimation by Request
      5,000 SF

      24200 County Rd 561

      WAREHOUSE, STORAGE • 5,000 SF
      24200 County Rd 561, Astatula, FL 34705-9538
      View Details
    • Value Estimation by Request
      16,000 SF

      24046 County Rd 561

      WAREHOUSE, STORAGE • 16,000 SF
      24046 County Rd 561, Astatula, FL 34705
      View Details
    • Value Estimation by Request
      800 SF

      27222 Hwy 561

      WAREHOUSE, STORAGE • 800 SF
      27222 Hwy 561, Astatula, FL 34705
      View Details

    Similar Nearby for Sale

    • $1,150,000
      20,000 SF

      Astatula Mixed-Use Commercial Land

      2.54 Acres, 20,000 SF Potential
      Tbd Monroe St & Georgia Ave, Astatula, FL 34705
      View Details
    • $1,320,000

      22 Acre Parcel For Development

      22-acre parcel suitable for family compound, ranch, or development.
      Fair St, Astatula, FL 34705
      View Details
    • $9,210,000
      Pending

      ASTATULA, FL Land Development Opportunity

      153+/- acre land parcel suitable for development or family compound.
      26049 Fair St, Astatula, FL 34705
      View Details
    • $1,320,000
      Pending

      22 Acre Parcel in Astatula

      22-acre parcel suitable for a family compound or development.
      Fair St, Astatula, FL 34705
      View Details
    • $899,000
      22.07 Acres

      22+ Acres of Fenced Freedom

      22+ acres in Lake County for building, farming, and recreation.
      Tbd Corkwood Ln, Astatula, FL 34705
      View Details
    • $299,900

      Land For Sale

      Land available for sale.
      Adams St, Astatula, FL 34705
      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.
    24621 Rnch Rd
    Astatula, FL 34705-9492
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.