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    250 S Park Ave Winter Park, FL 32789
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    Property profile & analytics

    250 S Park Ave, Winter Park, FL 32789

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    • Office buildings
    • 107,849 SF
    • 0.49 lot acres
    For Lease
    $60 SF/Yr
    View Listing →
    Winter Park Office Space Available For Lease
    $60 SF/Yr
    2,878 SF

    Winter Park Office Space Available

    Office space for rent in Winter Park, Florida.

    250 S Park Ave, Winter Park, FL
    View Listing
    Property ID
    US18-2662538
    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

    • De Prince Race & Zollo Inc / Financial Advisor
    • John Ashworth - Morgan Stanley / Financial Advisor
    • The Watermark Group - Morgan Stanley / Financial Advisor
    • Patrick Lawrence - Morgan Stanley / Financial Advisor
    • The Winter Park Group - Morgan Stanley / Financial Advisor

    Property Details for 250 S Park Ave

    Year built
    1970
    Lot size
    0.49 lot acres
    Zone code
    C-2
    Property type
    Office buildings
    APN
    05-22-30-9400-39-100
    APU
    52230940039100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $28,645,000
      6.5%
      $26,440,000
      7%
      $24,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $33,951,000
      Market price range: $27.4M - $62.7M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $36,250,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3507
    Latitude
    28.5962
    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
    $337,608
    $2,400,826
    $19,487,781
    $21,888,607
    -
    $2,400,826
    $19,487,781
    $21,888,607

    Comparable in this City

    • Value Estimation
      $5,795,000
      24,392 SF

      915 Pennsylvania Ave

      OFFICE BUILDING
      915 Pennsylvania Ave, Winter Park, FL 32789-2456
      View Details
    • Value Estimation
      $805,000
      3,245 SF

      1100 Symonds Ave

      PROFESSIONAL BUILDING
      1100 Symonds Ave, Winter Park, FL 32789-3732
      View Details
    • Value Estimation
      $2,050,000
      13,132 SF

      445 Wymore Rd

      OFFICE BUILDING (MULTI-STORY)
      445 Wymore Rd, Winter Park, FL 32789-2898
      View Details
    • Value Estimation
      $2,085,000
      12,418 SF

      203 Lyman Ave

      OFFICE BUILDING (MULTI-STORY)
      203 Lyman Ave, Winter Park, FL 32789-4404
      View Details
    • Value Estimation
      $6,825,000
      25,704 SF

      531 Morse Blvd

      OFFICE BUILDING (MULTI-STORY)
      531 Morse Blvd, Winter Park, FL 32789-4204
      View Details
    • Value Estimation
      $1,275,000
      5,107 SF

      801 Morse Blvd

      PROFESSIONAL BUILDING
      801 Morse Blvd, Winter Park, FL 32789-3708
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Highly Visible Freestanding Office Building

      Freestanding office building with interstate access and strong street presence.
      2691 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      7,375 SF

      Winter Park Stand-Alone Building

      Highly visible Winter Park building with secure parking and easy access.
      1971 Lee Rd, Winter Park, FL 32789
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    • Contact for pricing
      7,500 SF

      Winter Park Office Building Opportunity

      Four-story office building in Winter Park, Florida, for sale.
      280 W Canton Ave, Winter Park, FL 32789
      View Details
    • $3,400,000

      Winter Park Commercial Building For Sale

      Two-story building on 0.64 acres in Winter Park, Florida.
      Winter, Winter Park, FL 32789
      View Details
    • Contact for pricing
      12,264 SF

      Winter Park Office/School Building

      Two-story office building in Winter Park, suitable for various uses.
      445 Wymore Rd, Winter Park, FL 32789
      View Details
    • Contact for pricing
      6,120 SF

      Winter Park Bank Building

      6,120 SF multi-tenanted building in Winter Park, Florida.
      862 Orlando Ave, Winter Park, FL 32789
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      86,382 SF

      Class A Office Building

      Two-story office building with high visibility in Winter Park.
      400 S Park Ave, Winter Park, FL 32789
      View Details
    • $26 SF/Yr

      Winter Park Office Building For Rent

      Three-story office building with ample parking and convenient location.
      1850 Lee Rd, Winter Park, FL 32789
      View Details
    • Contact for pricing
      1,400 SF

      Renovated Office Building For Lease

      Class A office building with flexible lease terms available.
      311 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,287 SF

      Winter Park Retail/Office Opportunity

      New construction retail and office spaces in Winter Park.
      1121 N Orange Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      3,623 SF

      Winter Park Standalone Office Building

      Two-story office building with high visibility and retail exposure.
      1844 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      1,511 SF

      Class A Winter Park Office

      Class A office space for lease in Winter Park.
      1031 W Morse Blvd, Winter Park, FL 32789
      View Details
    View Listing
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    Winter Park, FL 32789
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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.

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