Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 New York Ave Winter Park, FL 32789-3121

    • Office buildings
    • 14,354 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4987832
    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

    • Zoltan Homes LLC / Custom Home Builder
    • Bombshell Brows and Beauty / Stylist / Tattoo Shop
    • TriStar Development and Management / General Contractor
    • VanCleave Cuts / Hair Salon
    • pray4styles / Beauty Salon

    Property Details for 601 New York Ave

    Year built
    1965
    Lot size
    0.23 lot acres
    Property size
    14,354 SF
    Zone code
    O-1
    Property type
    Office buildings
    APN
    05-22-30-9400-06-121
    APU
    52230940006121

    Description

    This exceptional freestanding retail or restaurant space, located at 601 S New York Avenue in Winter Park, Florida, presents a unique investment opportunity. The property boasts a total of 10,762 square feet, with 5,075 square feet currently available for lease. Built in 1946, this single-story building offers excellent visibility and accessibility, situated on a prominent corner with significant frontage on Fairbanks Avenue. The high-traffic location benefits from daily counts exceeding 38,000 vehicles on Fairbanks Avenue and 5,200 vehicles on South New York Avenue. This prime location places the property in close proximity to key attractions such as Park Avenue, the Winter Park Farmer's Market, The Alfond Inn, and Rollins College, ensuring high foot traffic and visibility. The C-3 zoning allows for a variety of uses, making it ideal for a restaurant or retail establishment. The property's excellent signage opportunities further enhance its appeal to potential tenants. This is a rare chance to secure a well-positioned, established space in a thriving Winter Park location. The substantial square footage provides ample room for a variety of business concepts. Don't miss this opportunity to establish your business in a vibrant and highly visible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Park
    County
    Orange
    State
    Florida
    Longitude
    -81.353
    Latitude
    28.6022
    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
    $26,153
    $571,980
    $1,098,241
    $1,670,221
    -
    $571,980
    $1,098,241
    $1,670,221

    Comparable in this City

    • Value Estimation
      $2,290,000
      63,936 SF

      1850 Lee Rd

      OFFICE BUILDING (MULTI-STORY) • 63,936 SF
      1850 Lee Rd, Winter Park, FL 32789-2115
      View Details
    • Value Estimation
      $1,620,000
      92,608 SF

      941 Morse Blvd

      OFFICE BUILDING (MULTI-STORY) • 92,608 SF
      941 Morse Blvd, Winter Park, FL 32789-3734
      View Details
    • Value Estimation
      $585,000
      8,724 SF

      861 Morse Blvd

      OFFICE BUILDING (MULTI-STORY) • 8,724 SF
      861 Morse Blvd, Winter Park, FL 32789-3765
      View Details
    • Value Estimation
      $1,200,000
      30,039 SF

      1245 Orange Ave

      PROFESSIONAL BUILDING • 30,039 SF
      1245 Orange Ave, Winter Park, FL 32789-4900
      View Details
    • Value Estimation
      $645,000
      15,047 SF

      1551 Clay St

      PROFESSIONAL BUILDING • 15,047 SF
      1551 Clay St, Winter Park, FL 32789-5499
      View Details
    • Value Estimation
      $390,000
      980 SF

      609 Fairbanks Ave

      OFFICE BUILDING • 980 SF
      609 Fairbanks Ave, Winter Park, FL 32789-4710
      View Details

    Similar Nearby for Sale

    • $3,400,000
      13,034 SF

      Winter Park Commercial Building For Sale

      Two-story building on 0.64 acres in Winter Park, Florida.
      1000 S Orlando Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      7,500 SF

      Winter Park Office Building Opportunity

      Four-story office building in Winter Park, Florida, for sale.
      280 W Canton Ave, Winter Park, FL 32789
      View Details
    • $4,925,000
      10,000 SF

      Winter Park Freestanding Office Building

      10,000 SF Winter Park office building with modern renovation.
      2200 N Park Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      6,120 SF

      Winter Park Bank Building

      6,120 SF multi-tenanted building in Winter Park, Florida.
      862 Orlando Ave, Winter Park, FL 32789
      View Details
    • $399,000
      633 SF

      Park Avenue Office Condo For Sale

      633± SF office condo with dedicated parking on Park Avenue.
      2180 North Park Ave, Winter Park, FL 32789
      View Details
    • $2,900,000
      5,928 SF

      Renovated Winter Park Office Space

      Professionally designed office with high-end finishes and open workspaces.
      1075 W Morse Blvd, Winter Park, FL 32789
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,683 SF

      Winter Park Office Building For Rent

      Two-story office building with I-4 visibility and signage.
      501 Wymore Rd, Winter Park, FL 32789
      View Details
    • Contact for pricing
      86,382 SF

      Class A Office Building

      Two-story office building with high visibility in Winter Park.
      400 S Park Ave, Winter Park, FL 32789
      View Details
    • $52 SF/Yr
      2,300 SF

      Winter Park Stand Alone Buildings

      Stand alone office buildings for lease in Winter Park, FL.
      145-165 Lincoln Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      9,245 SF

      Winter Park Retail/Office Opportunity

      New construction retail and office spaces in Winter Park.
      1100 N Orange Ave, Winter Park, FL 32789
      View Details
    • $25 SF/Yr
      3,623 SF

      Winter Park Standalone Office Building

      Two-story office building with high visibility and retail exposure.
      1844 W Fairbanks Ave, Winter Park, FL 32789
      View Details
    • Contact for pricing
      5,261 SF

      Winter Park Iconic Office Building

      Class A office building in Winter Park with modern renovations.
      2699 Lee Rd, Winter Park, FL 32789
      View Details
    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.
    601 New York Ave
    Winter Park, FL 32789-3121
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.