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    Property profile & analytics

    340 Franklin St Ocoee, FL 34761-2649

    • Warehouses
    • 1,368 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    2.6%
    Warehouses
    Location Intelligence
    Property ID
    US18-2706904
    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

    • Acupuncture Clinic / Acupuncture Clinic
    • Full Flower Hemp / Alternative Medicine Practitioner
    • Rhode 2 Wellness Family Chiropractic / Chiropractor
    • Barbería Uzziel / Barber Shop
    • Wellness Health Acupuncture & Physical Therapy / Medical Clinic

    Property Details for 340 Franklin St

    Year built
    1987
    Lot size
    1.02 lot acres
    Property size
    1,368 SF
    Zone code
    C-2
    Property type
    Warehouses
    APN
    18-22-28-8064-00-420
    APU
    182228806400420

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $451,000
      Market price range: $171k - $452k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocoee
    County
    Orange
    State
    Florida
    Longitude
    -81.5504
    Latitude
    28.5713
    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
    $7,836
    $222,044
    $247,107
    $469,151
    -
    $222,044
    $247,107
    $469,151

    Comparable in this City

    • Value Estimation
      $760,000
      6,337 SF

      740 Maguire Rd

      MINI-WAREHOUSE, STORAGE • 6,337 SF
      740 Maguire Rd, Ocoee, FL 34761
      View Details
    • Value Estimation
      $750,000
      9,242 SF

      310 Maguire Rd

      WAREHOUSE, STORAGE • 9,242 SF
      310 Maguire Rd, Ocoee, FL 34761-2676
      View Details
    • Value Estimation
      $1,150,000
      34,968 SF

      11920 Colonial Dr

      MINI-WAREHOUSE, STORAGE • 34,968 SF
      11920 Colonial Dr, Ocoee, FL 34761-3312
      View Details
    • Value Estimation
      $1,005,000
      12,714 SF

      259 Maguire Rd

      WAREHOUSE, STORAGE • 12,714 SF
      259 Maguire Rd, Ocoee, FL 34761
      View Details
    • Value Estimation
      $1,055,000
      7,230 SF

      1101 Marshall Farms Rd

      MINI-WAREHOUSE, STORAGE • 7,230 SF
      1101 Marshall Farms Rd, Ocoee, FL 34761-3331
      View Details
    • Value Estimation
      $350,000
      2,400 SF

      128 Taylor St

      WAREHOUSE, STORAGE • 2,400 SF
      128 Taylor St, Ocoee, FL 34761
      View Details

    Similar Nearby for Sale

    • New
      $2,100,000
      7,568 SF

      Industrial/Office/Medical Property Near SR 429

      Freestanding industrial/office/medical property near SR 429 and Highway 50.
      801 Marshall Farms Rd, Ocoee, FL 34761
      View Details
    • $2,500,000
      6,500 SF

      Ocoee Warehouse with Office Space

      6,500 SF warehouse with 1,000 SF office in Ocoee.
      300 Story Rd, Ocoee, FL 34761
      View Details
    • $2,500,000
      6,500 SF

      Ocoee Warehouse with Office Space

      6,500 SF warehouse with office and mezzanine space.
      320 Story Rd, Ocoee, FL 34761
      View Details
    • $650,000
      1.01 Acres

      Ocoee Commercial Land - Pad Ready

      Prime 1.01-acre Ocoee location, ready to build.
      924 Bluford Ave, Ocoee, FL 34761
      View Details
    • $7,995,000
      61,100 SF

      425 Silver Star Rd

      Lifestyle centers • 61,100 SF
      425 Silver Star Rd, Ocoee, FL 34761
      View Details
    • $900,000

      Prime Commercial Lot on High-Traffic

      1.7-acre commercial lot ideal for development in Ocoee, Florida.
      1414 E Silver Star Rd, Ocoee, FL 34761
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,590 SF

      Ocoee Warehouse and Distribution Space

      106,590 SF warehouse with immediate highway access.
      641 E Crown Point Rd, Ocoee, FL 34761
      View Details
    • $8 SF/Yr
      24,000 SF

      Ocoee Warehouse Space Available

      24,000+/- SF Class A warehouse with office space.
      547 Ocoee Business Pkwy, Ocoee, FL 34761
      View Details
    • $11,988 /Mo
      43,560 SF

      Ocoee Warehouse Space Available

      Warehouse space for lease in Ocoee, Florida.
      532 N Bluford Ave, Ocoee, FL 34761
      View Details
    • Contact for pricing
      23,563 SF

      Industrial Space Near Orlando Beltway

      Industrial property with design features, convenient location, and varied configurations.
      1290 Ocoee Apopka Rd, Ocoee, FL 34761
      View Details
    • Contact for pricing
      6,884 SF

      Ocoee Industrial Building & Yard

      6,884 SF Manufacturing/Warehouse, 5.5 Acres
      471 L F Roper Pkwy, Ocoee, FL 34761
      View Details
    • $999 /Mo
      800 SF

      Ocoee Warehouse Space Available

      800 SF warehouse space with private bath, utilities included.
      532 N Bluford Ave, Ocoee, FL 34761
      View Details
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    340 Franklin St
    Ocoee, FL 34761-2649
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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.

    More about this property
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