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    347 N Orlando Ave Winter Park, FL 32789

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    347 N Orlando Ave Winter Park, FL 32789

    View on Map
    • Retail space
    • 3,006 SF
    • 0.24 lot acres
    For Sale
    $655,000
    View Listing →
    Freestanding Retail Building in Winter Park For Sale
    $655,000
    2,610 SF

    Freestanding Retail Building in Winter Park

    Single-tenant building with frontage on US 17-92.

    347 N Orlando Ave, Winter Park, FL
    View Listing
    Property ID
    US18-4344435
    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

    • Massage by Delonda Wood Garcia LMT LLC / Alternative Medicine Practice / Spa & Massage Center
    • Gaia Stone Gallery / Building Supply
    • Capricorn Air Duct Cleaning / Production Facility
    • Mindful Minerals Orlando / Gym & Fitness Center / Alternative Medicine Practice
    • Just Breathe Salt Therapy Wellness Spa / Spa & Massage Center

    Property Details for 347 N Orlando Ave

    Year built
    1952
    Lot size
    0.24 lot acres
    Property size
    3,006 SF
    Zone code
    C-3
    Property type
    Retail space
    APN
    01-22-29-1256-03-012
    APU
    12229125603012

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $985,000
      6.5%
      $910,000
      7%
      $845,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $920,000
      Current use
      AUTO REPAIR, GARAGE
      $1,010,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.3654
    Latitude
    28.5999
    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
    $13,219
    $679,108
    $305,473
    $984,581
    -
    $679,108
    $305,473
    $984,581

    Comparable in this City

    • Value Estimation
      $13,685,000
      82,987 SF

      501 Orlando Ave

      RETAIL STORES (PERSONAL SERVICES) • 82,987 SF
      501 Orlando Ave, Winter Park, FL 32789-7313
      View Details
    • Value Estimation
      $1,575,000
      9,276 SF

      349 Orlando Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,276 SF
      349 Orlando Ave, Winter Park, FL 32789-2911
      View Details
    • Value Estimation
      $4,770,000
      19,698 SF

      110 Orlando Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,698 SF
      110 Orlando Ave, Winter Park, FL 32789-3656
      View Details
    • Value Estimation
      $1,165,000
      6,892 SF

      240 Orlando Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,892 SF
      240 Orlando Ave, Winter Park, FL 32789-3674
      View Details
    • Value Estimation
      $2,530,000
      16,323 SF

      2129 Fairbanks Ave

      RETAIL STORES (PERSONAL SERVICES) • 16,323 SF
      2129 Fairbanks Ave, Winter Park, FL 32789-4507
      View Details
    • Value Estimation
      $550,000
      2,237 SF

      552 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,237 SF
      552 Park Ave, Winter Park, FL 32789-4322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,158 SF

      Winter Park Retail Opportunity

      Vacant retail building in high-demand Winter Park area.
      1931 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • $700,000
      1,264 SF

      Winter Park Investment Opportunity

      Winter Park property available for the first time since 1979.
      1881 W Fairbanks Ave, Winter Park, FL 32789
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    • Contact for pricing
      2,610 SF

      Freestanding Retail Building in Winter Park

      Single-tenant building with frontage on US 17-92.
      347 N Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      4,693 SF

      Retail Property in Winter Park

      Retail property available for sale in Winter Park, Florida.
      610 W Morse Blvd, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Winter Park Free-Standing Building

      Renovated 3,006 SF building in prime Winter Park location.
      347 N Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing

      Winter Park Commercial Land Available

      Land with frontage on Formosa and Kentucky Avenues.
      700 Formosa Ave, Winter Park, FL 32789
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    Similar Nearby for Lease

    • Contact for pricing

      Winter Park Retail/Office Space

      Located in the heart of Winter Park on Orlando Avenue.
      501 North Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,910 SF

      Prime Retail Space in Winter Park

      Redeveloped retail property with high visibility and ample parking.
      805 S Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      3,891 SF

      Winter Park Commercial Space Available

      Customizable commercial, office, retail, and food & beverage spaces for lease.
      809 S Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      2,400 SF

      Winter Park Endcap Retail Suite

      Endcap retail suite with ample parking and storefront windows.
      2113 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.
      1100 N Orange Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      1,125 SF

      Retail Space on Orlando Avenue

      Retail space available at a lighted intersection in Winter Park.
      111-131 N Orlando Ave, Winter Park, FL 32789
      View Details
    View Listing
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    347 N Orlando Ave
    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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