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    3500 Harmony Sq W Dr Harmony, FL 34773-6047

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    3500 Harmony Sq W Dr Harmony, FL 34773-6047

    View on Map
    • Office buildings
    • 5,951 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US18-4009532
    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
    $1,695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 3500 Harmony Sq W Dr

    Year built
    2003
    Lot size
    0.28 lot acres
    Property size
    5,951 SF
    Zone code
    OPD
    Property type
    Office buildings
    APN
    3026322613TRAC0WC0
    APU
    3026322613TRAC0WC0

    Description

    This exceptional 6,228 square foot medical office building, located at 3500 Harmony Square Dr W in St. Cloud, Florida (34773), offers immediate occupancy. Situated in the thriving Harmony community, this property presents a unique opportunity for medical or professional office users. The entire building is currently vacant and available for lease, offering flexibility for single or multiple tenants. The space is divisible to a minimum of 2,898 square feet, accommodating various business needs. Ideally suited for a destination medical office or professional practice, this property benefits from its proximity to Harmony Middle and High School, boasting a student population of 3,266. The building is in excellent condition and is ready for immediate move-in. A minimum five-year lease term is required. This Osceola County location provides easy access for patients and employees alike. The property is perfect for a practice seeking a high-visibility location within a well-established community. Don't miss this chance to secure a prime medical office space in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,580,000
      6.5%
      $1,460,000
      7%
      $1,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,060,000
      Market price range: $1.08M - $2.06M
      AI Estimate
      $1,566,000
      Market price range: $597k - $1.69M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,520,000
      Current use
      AUTO REPAIR, GARAGE
      $2,035,000
      Change: +34% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,720,000
      Change: +13% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,545,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $1,510,000
      Change: -1% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,385,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harmony
    County
    Osceola
    State
    Florida
    Longitude
    -81.1463
    Latitude
    28.1912
    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
    $25,293
    $136,100
    $1,139,900
    $1,276,000
    -
    $136,100
    $1,139,900
    $1,276,000

    Comparable in this City

    • Value Estimation
      $905,000
      3,300 SF

      4850 Holopaw Rd

      OFFICE BUILDING • 3,300 SF
      4850 Holopaw Rd, Saint Cloud, FL 34773-9370
      View Details
    • Value Estimation by Request
      4.67 Acres

      Amera Trl

      INDUSTRIAL - VACANT LAND • 4.67 Acres
      Amera Trl, Saint Cloud, FL 34773
      View Details
    • Value Estimation by Request
      1.48 Acres

      Saint Cloud, FL 34773

      INDUSTRIAL - VACANT LAND • 1.48 Acres
      Saint Cloud, FL 34773
      View Details
    • Value Estimation by Request
      0.11 Acres

      Amera Trl

      INDUSTRIAL - VACANT LAND • 0.11 Acres
      Amera Trl, Saint Cloud, FL 34773
      View Details
    • Value Estimation by Request
      0.04 Acres

      2688 Amera Trl

      INDUSTRIAL - VACANT LAND • 0.04 Acres
      2688 Amera Trl, Saint Cloud, FL 34773
      View Details
    • Value Estimation by Request
      0.04 Acres

      2694 Amera Trl

      INDUSTRIAL - VACANT LAND • 0.04 Acres
      2694 Amera Trl, Saint Cloud, FL 34773
      View Details

    Similar Nearby for Sale

    • New
      $38,950
      Pending

      Land Near Popular Florida Destinations

      1.25 acre lot near attractions, no HOA or CDD.
      Shakedown St, Saint Cloud, FL 34773
      View Details
    • $165,000
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      Residential Lot in Harmony Estates

      Residential lot in Harmony Estates, St. Cloud, Florida.
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    • Contact for pricing
      1.52 Acres

      Recreational Land in Suburban Estates

      1.52 acre lot for recreational use in St. Cloud.
      Suburban Ests Sec 31...5224 002N, Saint Cloud, FL 34773
      View Details
    • $114,999
      1.25 Acres

      Undeveloped Land in St. Cloud

      Vacant 1.25 acre lot for investment or development.
      6718 Owens Rd, Saint Cloud, FL 34773
      View Details
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    Harmony, FL 34773-6047
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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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