Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    291 Iris Rd Casselberry, FL 32707

    • Distribution centers
    • 3,500 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5104610
    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

    • Distribution centers

    Property Details for 291 Iris Rd

    Year built
    1981
    Construction
    CONCRETE BLOCKS
    Lot size
    0.23 lot acres
    Property size
    3,500 SF
    Property type
    Distribution centers
    APN
    16-21-30-5BU-0000-0240
    APU
    1621305BU00000240

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $552,000
      Market price range: $396k - $1.54M
      AI Estimate
      $552,000
      Market price range: $396k - $1.54M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $815,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $780,000
      Change: -5% Conversion: Moderate
      RETAIL STORES
      $665,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Casselberry
    County
    Seminole
    State
    Florida
    Longitude
    -81.3292
    Latitude
    28.6536
    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
    $3,811
    $0.00
    $0.00
    $280,932
    -
    $104,000
    $176,932
    $280,932

    Comparable in this City

    • Value Estimation
      $2,435,000
      5,540 SF

      133 Concord Dr

      DISTRIBUTION WAREHOUSE • 5,540 SF
      133 Concord Dr, Casselberry, FL 32707-3280
      View Details
    • Value Estimation
      $870,000
      4,931 SF

      685 Irene Dl Dr

      DISTRIBUTION WAREHOUSE • 4,931 SF
      685 Irene Dl Dr, Casselberry, FL 32707-9065
      View Details
    • Value Estimation
      $1,240,000
      2,827 SF

      1311 Seminola Blvd

      DISTRIBUTION WAREHOUSE • 2,827 SF
      1311 Seminola Blvd, Casselberry, FL 32707-3623
      View Details
    • Value Estimation
      $1,540,000
      13,600 SF

      2660 Us Hwy 1792

      DISTRIBUTION WAREHOUSE • 13,600 SF
      2660 Us Hwy 1792, Casselberry, FL 32707-2939
      View Details
    • Value Estimation
      $965,000
      5,160 SF

      350 Orange Ln Ste, Unit 1000

      DISTRIBUTION WAREHOUSE • 5,160 SF
      350 Orange Ln Ste, Casselberry, FL 32707-3233
      View Details
    • Value Estimation by Request
      576 SF

      1209 Seminola Blvd

      DISTRIBUTION WAREHOUSE • 576 SF
      1209 Seminola Blvd, Casselberry, FL 32707-3520
      View Details

    Similar Nearby for Sale

    • $649,900
      1,700 SF

      Versatile Flex Space Warehouse

      Flex space warehouse with strategic location and versatile operations.
      201 Reece Way, Casselberry, FL 32707
      View Details
    • $649,900

      Versatile Flex Space Warehouse

      Flex space with easy access to major highways.
      201 Reece Way, Casselberry, FL 32707
      View Details
    • $1,350,000
      Pending

      Casselberry Showroom and Office Building

      Two-story building with showroom and office space for sale.
      850 State Road 436, Casselberry, FL 32707
      View Details
    • $12,000,000
      60,720 SF

      Casselberry Commercial Property on Semoran

      Prime commercial property with high visibility and development potential.
      400-484 State Road 436, Casselberry, FL 32707
      View Details
    • Contact for pricing
      3,716 SF

      Casselberry Retail Bank Building

      Prime Retail Space, High Visibility
      1001 Red Bug Lake Rd, Casselberry, FL 32707
      View Details
    • $135,000
      Pending

      Casselberry Land, No HOA

      Irregularly shaped lot in established neighborhood near Secret Lake Park.
      N Triplet Lake Dr, Casselberry, FL 32707
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Casselberry Industrial Buildings For Lease

      Two industrial buildings totaling 116,000 SF in Casselberry, Florida.
      384-395 Commercial St, Casselberry, FL 32707
      View Details
    • Contact for pricing
      7,826 SF

      Casselberry Warehouse Space Available

      Warehouse space for rent in Casselberry, Florida.
      395 Commercial St, Casselberry, FL 32707
      View Details
    • $126,000

      Casselberry Flex Office Space

      10,000 SF flex office space in accessible industrial corridor.
      350 Anchor Rd, Casselberry, FL 32707
      View Details
    • $18 SF/Yr
      2,400 SF

      Casselberry Industrial Space For Rent

      2,400 SF industrial space with office and convenient location.
      305 Ryder Ln, Casselberry, FL 32707
      View Details
    • $22 SF/Yr
      2,400 SF

      Industrial Space in Casselberry

      2,400 SF industrial space with office and convenient location.
      306 Ryder Ln, Casselberry, FL 32707
      View Details
    • $34,000

      Casselberry Flex Space Available

      Flex space with office and bathroom near major roads.
      190 Lyman Rd, Casselberry, FL 32707
      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.
    291 Iris Rd
    Casselberry, FL 32707
    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.
    Sign Up Successful!
    You now have access to more from Realmo!