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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    429 Hennis Rd Winter Garden, FL 34787-2407

    • Manufacturing properties
    • 24,180 SF
    • 6.01 lot acres
    OFF-MARKET
    Value Estimations
    $2,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2748442
    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

    • Lott's Concrete Products Inc / Concrete Product Supplier

    Property Details for 429 Hennis Rd

    Year built
    1973
    Lot size
    6.01 lot acres
    Property size
    24,180 SF
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    13-22-27-0000-00-034
    APU
    132227000000034

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,250,000
      6.5%
      $2,080,000
      7%
      $1,930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,590,000
      Market price range: $1.59M - $4.23M

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Garden
    County
    Orange
    State
    Florida
    Longitude
    -81.569
    Latitude
    28.5742
    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
    $13,738
    $300,500
    $562,979
    $863,479
    -
    $300,500
    $562,979
    $863,479

    Comparable in this City

    • Value Estimation
      $760,000
      35,800 SF

      355 9th St

      FOOD PACKING, PACKING PLANT • 35,800 SF
      355 9th St, Winter Garden, FL 34787-3651
      View Details
    • Value Estimation
      $845,000
      28,527 SF

      12488 Colonial Dr

      FOOD PACKING, PACKING PLANT • 28,527 SF
      12488 Colonial Dr, Winter Garden, FL 34787-4104
      View Details
    • Value Estimation
      $12,180,000
      145,902 SF

      851 Maple St

      MANUFACTURING (LIGHT) • 145,902 SF
      851 Maple St, Winter Garden, FL 34787-3724
      View Details
    • Value Estimation
      $530,000
      12,654 SF

      610 Business Park Blvd

      FOOD PACKING, PACKING PLANT • 12,654 SF
      610 Business Park Blvd, Winter Garden, FL 34787-5701
      View Details
    • Value Estimation
      $1,115,000
      43,908 SF

      650 Carter Rd

      FOOD PACKING, PACKING PLANT • 43,908 SF
      650 Carter Rd, Winter Garden, FL 34787-4100
      View Details
    • Value Estimation by Request
      1,735 SF

      334 Bay St

      WAREHOUSE, STORAGE • 1,735 SF
      334 Bay St, Winter Garden, FL 34787-3112
      View Details

    Similar Nearby for Sale

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      24,145 SF

      Winter Garden Showroom/Warehouse on Colonial

      24,145± SF showroom/warehouse on West Colonial Drive.
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    • Contact for pricing
      0.81 Acres

      Winter Garden Flex Space For Sale

      Modern industrial space, prime location
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    • $2,200,000
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      Avalon Rd Commercial Land Opportunity

      1.83-acre commercial lot in Winter Garden, FL
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    • Contact for pricing
      1,265 SF

      Grove Resort Condo-Hotel Portfolio

      Luxury Condo-Hotel Units in Winter Garden, FL
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      Winter Garden Retail/Office Space

      Retail and office spaces available in Winter Garden, Florida.
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    • $385,000

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    Similar Nearby for Lease

    • $21 SF/Yr
      2,500 SF

      Winter Garden Flex Space Available

      Flex/warehouse space with retail frontage and ample parking.
      1226 Winter Garden Vineland Rd, Winter Garden, FL 34787
      View Details
    • $5,500 /Mo
      2,600 SF

      Renovated Freestanding Single Tenant Building

      Recently renovated industrial building with great access and signage opportunities.
      13040 W Colonial Dr, Winter Garden, FL 34787
      View Details
    • $34 SF/Yr
      1,401 SF

      New Flex Space Available

      Modern flex space in Winter Garden, built in 2024.
      765 Garden Commerce Pkwy, Winter Garden, FL 34787
      View Details
    • $17 SF/Yr
      24,145 SF

      Winter Garden Warehouse For Lease

      Large Industrial Warehouse, Excellent Location
      12800 Colonial Dr, Winter Garden, FL 34787
      View Details
    • $5,450 /Mo
      2,600 SF

      Renovated Industrial Style Commercial Space

      Newly renovated commercial space with warehouse and fenced yard.
      13066 W Colonial Dr, Winter Garden, FL 34787
      View Details
    • Contact for pricing
      2,728 SF

      Winter Garden Industrial Space Available

      Industrial property in Winter Garden's historic core, convenient location.
      611 E Bay St, Winter Garden, FL 34787
      View Details
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    429 Hennis Rd
    Winter Garden, FL 34787-2407
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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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