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    Property profile & analytics

    3939 Forsyth Rd Winter Park, FL 32792-6835

    • Warehouses
    • 50,585 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Dec 10, 2024
    $6,275,000
    Value Estimations
    $6,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4518120
    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

    • Custom Comfort Medtek / Production Facility / Factory
    • Med Care Manufacturing / Big Box & Wholesale Store / Furniture & Home Goods
    • Eworks Pro 2.0 LLC / Industrial Manufacturer / Production Facility

    Property Details for 3939 Forsyth Rd

    Year built
    1962
    Lot size
    1.83 lot acres
    Property size
    50,585 SF
    Zone code
    IND-4
    Property type
    Warehouses
    APN
    03-22-30-0000-00-051
    APU
    32230000000051

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,720,000
      6.5%
      $5,280,000
      7%
      $4,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,635,000
      Market price range: $6.09M - $12.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $9,405,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.2983
    Latitude
    28.6019
    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
    $49,694
    $729,783
    $3,133,274
    $3,863,057
    -
    $729,783
    $3,133,274
    $3,863,057

    Comparable in this City

    • Value Estimation
      $2,915,000
      29,665 SF

      4675 Metric Dr

      WAREHOUSE, STORAGE • 29,665 SF
      4675 Metric Dr, Winter Park, FL 32792-6980
      View Details
    • Value Estimation
      $5,635,000
      45,584 SF

      4420 Metric Dr

      WAREHOUSE, STORAGE • 45,584 SF
      4420 Metric Dr, Winter Park, FL 32792-6961
      View Details
    • Value Estimation
      $1,290,000
      12,000 SF

      2910 Forsyth Rd

      WAREHOUSE, STORAGE • 12,000 SF
      2910 Forsyth Rd, Winter Park, FL 32792-6612
      View Details
    • Value Estimation
      $605,000
      5,000 SF

      2738 Forsyth Rd

      WAREHOUSE, STORAGE • 5,000 SF
      2738 Forsyth Rd, Winter Park, FL 32792-6672
      View Details
    • Value Estimation by Request
      2,126 SF

      931 Semoran Blvd Ste, Unit 202

      WAREHOUSE, STORAGE • 2,126 SF
      931 Semoran Blvd Ste, Winter Park, FL 32792-5317
      View Details
    • Value Estimation
      $1,110,000
      12,560 SF

      6870 Stapoint Ct

      WAREHOUSE, STORAGE • 12,560 SF
      6870 Stapoint Ct, Winter Park, FL 32792-6674
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,739 SF

      Functional Medical Office Space

      Medical office space with functional layout and exam rooms.
      320 N Edinburgh Dr, Winter Park, FL 32792
      View Details
    • $9,000,000

      Winter Park Sports Complex Opportunity

      Premier sports complex with bar/restaurant mezzanine and ample parking.
      4304 Metric Dr, Winter Park, FL 32792
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    • $719,000
      1,656 SF

      Winter Park Office Building Opportunity

      Free-standing office building near Winter Park Medical Arts District.
      1977 Dundee Dr, Winter Park, FL 32792
      View Details
    • Contact for pricing
      Pending

      3054 GEORGE MASON AVENUE 6, WINTER PARK, FL 32792

      Residential income properties • 1,042 SF
      3054 George Mason Ave, Winter Park, FL 32792
      View Details
    • $695,500
      1,656 SF

      Winter Park Professional Office Building

      Free-standing Winter Park office building in a prime location.
      1977 Dundee Dr, Winter Park, FL 32792
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex Space with Office

      1,500 SF flex space ideal for contractors and service businesses.
      3029 Forsyth Rd, Winter Park, FL 32792
      View Details
    • $42,000

      Winter Park Warehouse Space Available

      2,100 SF commercial warehouse space in Winter Park for rent.
      7307 Sandscove Ct, Winter Park, FL 32792
      View Details
    • $5,520 /Mo

      Winter Park Industrial Building For Rent

      5,000 SF industrial building with office and outdoor storage.
      7200 Gardner St, Winter Park, FL 32792
      View Details
    • $8,500 /Mo
      23,056 SF

      Winter Park Mixed-Use Opportunity

      Double commercial lot in Winter Park, FL, for lease.
      5589 Lake Howell Rd, Winter Park, FL 32792
      View Details
    • Contact for pricing

      Winter Park Retail Space Available

      Retail spaces for lease in Winter Park shopping center.
      2295 Aloma Ave, Winter Park, FL 32792
      View Details
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    Winter Park, FL 32792-6835
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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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