Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3551 Dovera Dr Oviedo, FL 32765-9152
    Back to Search
    Property profile & analytics

    3551 Dovera Dr, Oviedo, FL 32765-9152

    View on Map
    • Drive through restaurants
    • 3,119 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US19-0893919
    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
    $2,620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dunkin' / Bakery / Discount Store

    Property Details for 3551 Dovera Dr

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    1.04 lot acres
    Property type
    Drive through restaurants
    APN
    20-21-31-5ME-0000-0040
    APU
    2021315ME00000040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2006 $1,250,400 Realty Income Properties INC Fazolis Restaurants INC Grant Deed —
    Jan 12, 2006 — Fazolis Restaurants INC Realty Income Properties INC Grant Deed · related —
    — — Fazolis Restaurants INC — Deed Of Trust · related $1M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,617,000
      Market price range: $997k - $3.46M
      AI Estimate
      $2,617,000
      Market price range: $997k - $3.46M

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

    Location Insight

    • Map
    • Local Demand
    City
    Oviedo
    County
    Seminole
    State
    Florida
    Longitude
    -81.2402
    Latitude
    28.6557
    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
    $18,980
    $0.00
    $0.00
    $1,343,753
    -
    $984,213
    $359,540
    $1,343,753

    Comparable in this City

    • Value Estimation
      $4,880,000
      4,753 SF

      205 Mitchell Hammock Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      205 Mitchell Hammock Rd, Oviedo, FL 32765-4701
      View Details
    • Value Estimation
      $1,645,000
      2,088 SF

      305 Mitchell Hammock Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      305 Mitchell Hammock Rd, Oviedo, FL 32765-4702
      View Details
    • Value Estimation
      $1,175,000
      2,637 SF

      960 Mitchell Hammock Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      960 Mitchell Hammock Rd, Oviedo, FL 32765-8101
      View Details
    • Value Estimation
      $4,350,000
      4,445 SF

      889 Mitchell Hammock Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      889 Mitchell Hammock Rd, Oviedo, FL 32765-6630
      View Details
    • Value Estimation
      $3,315,000
      2,883 SF

      120 Mitchell Hammock Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      120 Mitchell Hammock Rd, Oviedo, FL 32765-7643
      View Details
    • Value Estimation
      $2,700,000
      3,448 SF

      8301 Red Bug Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      8301 Red Bug Lk Rd, Oviedo, FL 32765-6860
      View Details

    Similar Nearby for Sale

    • $950,000
      5,000 SF

      Oviedo Restaurant - Prime Location

      Upscale Restaurant, High-Demand Area
      876 City Walk Ln, Oviedo, FL 32765
      View Details
    • Contact for pricing

      Established Latin Restaurant in Oviedo

      Turnkey Latin restaurant with loyal clientele in prime Oviedo location.
      000 W State Road 426, Oviedo, FL 32765
      View Details
    • Contact for pricing
      4,143 SF

      Retail Property on Aloma Avenue

      4,143+ SF retail property on 1.13+ AC for sale.
      3645 Aloma Ave, Oviedo, FL 32765
      View Details
    • $2,000,000

      Oviedo Convenience Store and Gas

      Established convenience store and gas station in Oviedo, Florida.
      1045 Broadway St, Oviedo, FL 32765
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Endcap Near UCF

      Retail space available in Publix-anchored center, near UCF.
      329 County Road 419, Oviedo, FL 32765
      View Details
    • Contact for pricing
      2,777 SF

      Retail Space Near University

      Retail space in Publix-anchored center near UCF.
      4250 Alafaya Trl, Orlando, FL 32765
      View Details
    • Contact for pricing

      Retail Space on Aloma Avenue

      Retail spaces available in Oviedo, Florida with monument signage.
      426 Aloma Ave, Oviedo, FL 32765
      View Details

    Property Visit Statistics

    • Visits by month
      18.7k
    • Visitors by month
      10.0k
    • Avg Time on site
      11 min
    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.
    3551 Dovera Dr
    Oviedo, FL 32765-9152
    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

    Thank You for Inquiry
    3551 Dovera Dr, Oviedo, FL, 32765
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!