2716 Rew Cir Ocoee, FL 34761-4201
- Office buildings
- 4,824 SF
- 0.41 lot acres
Current Use by Public Records
- Windermere Engineering Services Inc / Civil Engineer
- Adnan A Physicians Stat Lab Nh / Internist
- Jensine Caudill / Nurse Practitioner
- Lombardo Marina Holistic Psychotherapy / Psychologist
- colina & associates / Consultant
Property Details for 2716 Rew Cir
- Year built
- 1993
- Lot size
- 0.41 lot acres
- Property size
- 4,824 SF
- Zone code
- I-1
- Property type
- Office buildings
- APN
- 29-22-28-9159-00-090
- APU
- 292228915900090
Description
This exceptional 4,624 square foot free-standing office building presents a rare opportunity in desirable Ocoee, Florida. Located at 2716 Rew Cir, Ocoee, FL 34761, this two-story building sits on a 0.41-acre lot and offers a versatile layout ideal for owner-users or investors. Currently vacant, the property features three units, with 4,000 square feet on the ground floor and an additional 624 square feet upstairs, perfect for overflow or storage. Built in 1993, the block and stucco structure boasts a metal roof and ample parking with 20 open spaces and two carport spaces. Three 4-ton AC systems, installed in 2013, ensure climate control. The property is zoned for office low-rise use and is situated in a small professional office park near Orlando Health Central Hospital, offering easy access to major roadways including US Hwy 50, the Florida Turnpike, and Hwy 429. The asking price is $1,625,000, translating to $351.43 per square foot. The property includes a monument sign and is fenced, providing privacy and security. Minor maintenance is needed, according to inspection reports. The building utilizes a septic sewage system. Available for occupancy on October 25, 2024. This property's location and features make it an attractive investment, particularly given the limited inventory of comparable properties in the area. The strong potential for leasing to a single tenant or multiple sub-tenants makes this a compelling opportunity for both owner-occupiers and investors. The property's parcel number (APN) is 29-22-28-9159-00-090.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,450,000
- 6.5%
- $1,455,000
- 7%
- $1,445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,525,000
- Geo Method
- $1,420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,405,000
- Retail
- $1,820,000
- Mixed-Use
- $1,445,000
- Hospitality
- $1,810,000
- Educational
- $1,750,000
- Residential Income
- $1,670,000
- Energy
- $1,355,000
- Income-Based Land
- $1,610,000
- Food Service
- $1,620,000
Location Insight
- Map
- Local Demand
- City
- Ocoee
- County
- Orange
- State
- Florida
- Longitude
- -81.5375
- Latitude
- 28.5501
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA