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    4349 Hiawassee Rd Orlando, FL 32818-1701

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    4349 Hiawassee Rd Orlando, FL 32818-1701

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    • Office properties & Spaces
    • 2,530 SF
    • 9.02 lot acres
    Off-Market
    Last Sale May 31, 2023
    Property ID
    US18-5936109
    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

    • Office properties & Spaces

    Property Details for 4349 Hiawassee Rd

    Year built
    1982
    Lot size
    9.02 lot acres
    Property size
    2,530 SF
    Zone code
    A-1
    Property type
    Office properties & Spaces
    APN
    12-22-28-5844-00-152
    APU
    122228584400152

    Description

    This exceptional 32.6-acre development opportunity is situated in Orlando, Florida, at 4349 N Hiawassee Rd, 32818, in Orange County. The property boasts a prime location between Highway 50 (Colonial Drive) and Clarcona Ocoee Road, offering convenient access to major thoroughfares. Currently zoned A-1/R-1A, a proposed rezoning to PD (Planned Development) is underway with Orange County. Detailed site plans are available, showcasing a potential for approximately 80 lots, with options for both 40' and 50' lot sizes. Extensive existing plans and studies are included for the buyer's review. The property fronts Horseshoe Lake, adding significant appeal. This offering presents a compelling investment opportunity, with seller financing available and the seller motivated to close. The asking price is $2,975,000, translating to approximately $91,000 per acre or $37,000 per lot based on the proposed 80-lot development. Potential joint venture opportunities are also being explored. This is a rare chance to acquire a substantial residential development site in a thriving Orlando location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.475
    Latitude
    28.595
    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
    $4,872
    $302,404
    $12,790
    $315,194
    -
    $302,404
    $12,790
    $315,194

    Comparable in this City

    • Value Estimation
      $1,550,000
      8,640 SF

      6308 Colonial Dr

      OFFICE (GENERAL) • 8,640 SF
      6308 Colonial Dr, Orlando, FL 32818-7803
      View Details
    • Value Estimation
      $2,130,000
      7,532 SF

      8259 Clarcona Ocoee Rd

      PROFESSIONAL BUILDING • 7,532 SF
      8259 Clarcona Ocoee Rd, Orlando, FL 32818-1228
      View Details
    • Value Estimation
      $560,000
      2,355 SF

      2608 Powers Dr

      PROFESSIONAL BUILDING • 2,355 SF
      2608 Powers Dr, Orlando, FL 32818-3147
      View Details
    • Value Estimation
      $645,000
      3,052 SF

      600 Hart Blvd

      OFFICE BUILDING • 3,052 SF
      600 Hart Blvd, Orlando, FL 32818-6834
      View Details
    • Value Estimation
      $2,520,000
      8,772 SF

      6336 Colonial Dr

      PROFESSIONAL BUILDING • 8,772 SF
      6336 Colonial Dr, Orlando, FL 32818-7812
      View Details
    • Value Estimation
      $1,070,000
      3,375 SF

      7400 Colonial Dr

      OFFICE BUILDING (MULTI-STORY) • 3,375 SF
      7400 Colonial Dr, Orlando, FL 32818-6747
      View Details

    Similar Nearby for Sale

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      161,333 SF

      Grocery Anchored Retail Opportunity

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      Office Space in Retail Center

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      6,000 SF

      Retail Space in Busy Center

      Retail space available in shopping center with national tenants.
      7311 W Colonial Dr, Orlando, FL 32818
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    • Contact for pricing

      Prime Highway 50 Land Parcel

      2.06 AC on Hwy 50 with high traffic counts.
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      Retail Spaces Available for Rent

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      View Details
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    Orlando, FL 32818-1701
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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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    4349 Hiawassee Rd, Orlando, FL, 32818

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