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

    2900 Rio Grande Ave Orlando, FL 32805-6307

    • Grocery and convenience stores
    • 5,165 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2023
    $2,700,000
    Value Estimations
    $2,680,000
    Show details
    Cap Rate Potential
    4.2%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US19-0376223
    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

    • Amazon Hub Locker - Praise / Mailing Service / E-Commerce Service
    • GN Lux Beauty Supply and Salon llc / Beauty Supply Store
    • Sqrl / Gas Station
    • Citgo / Gas Station
    • Bitstop Bitcoin ATM / Atm

    Property Details for 2900 Rio Grande Ave

    Year built
    1969
    Lot size
    0.44 lot acres
    Property size
    5,165 SF
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    03-23-29-0000-00-033
    APU
    32329000000033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,610,000
      ML approach
      $2,720,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,810,000
      6.5%
      $1,670,000
      7%
      $1,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4015
    Latitude
    28.5124
    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
    $9,710
    $100,800
    $528,653
    $629,453
    -
    $100,800
    $528,653
    $629,453

    Comparable in this City

    • Value Estimation
      $2,240,000
      11,198 SF

      3501 Old Winter Gdn Rd

      CONVENIENCE STORE • 11,198 SF
      3501 Old Winter Gdn Rd, Orlando, FL 32805-1017
      View Details
    • Value Estimation
      $1,235,000
      5,616 SF

      3250 Bruton Blvd

      CONVENIENCE STORE • 5,616 SF
      3250 Bruton Blvd, Orlando, FL 32805-5739
      View Details
    • Value Estimation
      $1,785,000
      6,345 SF

      327 Orange Blossom Trl

      CONVENIENCE STORE • 6,345 SF
      327 Orange Blossom Trl, Orlando, FL 32805-2528
      View Details
    • Value Estimation
      $1,095,000
      3,378 SF

      4211 Old Winter Gdn Rd

      CONVENIENCE STORE • 3,378 SF
      4211 Old Winter Gdn Rd, Orlando, FL 32805-1031
      View Details
    • Value Estimation
      $1,825,000
      6,368 SF

      1250 John Young Pkwy

      CONVENIENCE STORE • 6,368 SF
      1250 John Young Pkwy, Orlando, FL 32805-4315
      View Details
    • Value Estimation
      $880,000
      4,758 SF

      1208 Bruton Blvd

      CONVENIENCE STORE • 4,758 SF
      1208 Bruton Blvd, Orlando, FL 32805-4222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,270 SF

      Retail Building on Prominent Street

      9,270 SF retail building in a densely populated area.
      3015 S Rio Grande Ave, Orlando, FL 32805
      View Details
    • $1,700,000
      2,527 SF

      Retail Building Near SODO Station

      2,527 SF building near upcoming SODO Station development.
      515 West Kaley St, Orlando, FL 32805
      View Details
    • $650,000
      3,149 SF

      Orlando Retail Dry Cleaner Site

      Retail dry cleaner site for sale in Orlando, Florida.
      4000 Old Winter Garden Rd, Orlando, FL 32805
      View Details
    • $15,600,000
      35,029 SF

      Orlando Harley-Davidson NNN

      High-profile, 20-year NNN lease.
      3770 37Th St, Orlando, FL 32805
      View Details
    • $250,000

      Prime Commercial Real Estate Opportunity

      Mixed-use property near downtown Orlando, suitable for office or retail.
      1119 S Rio Grande Ave, Orlando, FL 32805
      View Details
    • $750,000

      Mixed-Use Investment Opportunity Near Downtown

      Mixed-use property with commercial units and residential duplex.
      300 N Westmoreland Dr, Orlando, FL 32805
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo
      2,895 SF

      Versatile Commercial Property in Orlando

      Standalone commercial building with flexible layout and ample parking.
      1436 22Nd St, Orlando, FL 32805
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space on Rio Grande

      Retail space available for lease in Orlando, Florida.
      627 Rio Grande Ave, Orlando, FL 32805
      View Details
    • Contact for pricing
      3,667 SF

      Retail Space on Orange Blossom

      Retail space with high visibility on a hard-corner location.
      6239 S Orange Blossom Trl, Orlando, FL 32805
      View Details
    • Contact for pricing
      7,100 SF

      Retail Space at High-Traffic Intersection

      Retail spaces and pad sites available in Orlando shopping center.
      4613-4629 S Orange Blossom Trl, Orlando, FL 32805
      View Details
    • $2,500 /Mo
      829 SF

      Orlando Mixed-Use Redevelopment Opportunity

      High-traffic location ideal for retail, office, or mixed-use redevelopment.
      929 W Michigan St, Orlando, FL 32805
      View Details
    • $15 SF/Yr
      14,302 SF

      Renovated Industrial Building For Lease

      Recently renovated 14,302 SF industrial building with upgrades and open floorplan.
      3852 L B Mcleod Rd, Orlando, FL 32805
      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.
    2900 Rio Grande Ave
    Orlando, FL 32805-6307
    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.