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    Property profile & analytics

    606 Ww Ave Clermont, FL 34711-2136

    • Office buildings
    • 2,384 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2024
    $984,000
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    6.1%
    Office buildings
    Location Intelligence
    Property ID
    US18-8810451
    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

    • Office buildings

    Property Details for 606 Ww Ave

    Year built
    1920
    Construction
    CONCRETE BLOCKS
    Lot size
    0.34 lot acres
    Property size
    2,384 SF
    Property type
    Office buildings
    APN
    24-22-25-0100-095-00100
    APU
    242225010009500100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $802,000
      Market price range: $432k - $1.06M
      AI Estimate
      $802,000
      Market price range: $432k - $1.06M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $710,000
      Current use
      COMMERCIAL (GENERAL)
      $915,000
      Change: +29% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $700,000
      Change: -2% Conversion: Difficult
      RETAIL STORES
      $695,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.7708
    Latitude
    28.556
    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
    $9,371
    $0.00
    $0.00
    $540,751
    -
    $349,388
    $191,363
    $540,751

    Comparable in this City

    • Value Estimation
      $1,090,000
      4,500 SF

      17323 Pagonia Rd

      PROFESSIONAL BUILDING • 4,500 SF
      17323 Pagonia Rd, Clermont, FL 34711-5997
      View Details
    • Value Estimation
      $1,440,000
      4,500 SF

      17325 Pagonia Rd

      PROFESSIONAL BUILDING • 4,500 SF
      17325 Pagonia Rd, Clermont, FL 34711-6008
      View Details
    • Value Estimation
      $3,265,000
      8,579 SF

      15016 Pne Vly Blvd

      PROFESSIONAL BUILDING • 8,579 SF
      15016 Pne Vly Blvd, Clermont, FL 34711-7602
      View Details
    • Value Estimation
      $11,885,000
      29,394 SF

      890 Medical Park Dr

      PROFESSIONAL BUILDING • 29,394 SF
      890 Medical Park Dr, Clermont, FL 34711-1952
      View Details
    • Value Estimation by Request
      2,247 SF

      1158 5th St

      OFFICE BUILDING • 2,247 SF
      1158 5th St, Clermont, FL 34711-3008
      View Details
    • Value Estimation by Request
      1,440 SF

      310 Almond St

      OFFICE BUILDING • 1,440 SF
      310 Almond St, Clermont, FL 34711-3116
      View Details

    Similar Nearby for Sale

    • $1,750,000
      Pending

      Clermont Medical Office Building

      Two-story medical office building in Clermont with turnkey space.
      1135 Lake Ave, Clermont, FL 34711
      View Details
    • Contact for pricing
      21,406 SF

      Office Building on State Highway

      Office building built in 2008 with diverse tenant mix.
      1655 Highway 50 E, Clermont, FL 34711
      View Details
    • $10,000,000
      89,000 SF

      Multi-Tenant Medical Office Complex

      Multi-tenant medical office complex with build-to-suit opportunity.
      3711 Highway 27 S, Clermont, FL 34711
      View Details
    • $1,350,000
      5,000 SF

      New Clermont Industrial/Flex Space

      5,000 SF industrial/flex space for sale in Clermont, Florida.
      13615 Granville Ave, Clermont, FL 34711
      View Details
    • $4,075,500
      5,225 SF

      Clermont Medical/Retail Investment Opportunity

      100% occupied medical/retail property in Cross Ridge Exchange development.
      2603 S 27, Clermont, FL 34711
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      22,094 SF

      Mixed-Use Suites in Legends Pointe

      Connected suites with potential for various commercial uses in Clermont.
      4290 Highway 27 S, Clermont, FL 34711
      View Details
    • $25 SF/Yr
      21,000 SF

      Medical/Professional Office Park Anchor Building

      Prominent medical/professional office building with high-end finishes and signage.
      2757 Citrus Tower Blvd, Clermont, FL 34711
      View Details
    • Contact for pricing

      Move-In Ready Clermont Medical Office

      Move-in ready medical office space in South Lake Medical Arts Center.
      805 Oakley Seaver Dr, Clermont, FL 34711
      View Details
    • $45,000

      Medical Office Near Southlake Hospital

      Move-in ready medical office space with no CAM fees.
      841 Oakley Seaver Dr, Clermont, FL 34711
      View Details
    • New
      $1,200 /Mo
      22,094 SF

      Office Space in Clermont, FL

      Office space available for lease in Clermont, Florida.
      4290 S Us Highway 27, Clermont, FL 34711
      View Details
    • $22 SF/Yr
      21,971 SF

      Highway Frontage Office Space Available

      Office space with direct highway frontage and monument signage available.
      15701 State Road 50, Clermont, FL 34711
      View Details
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    Clermont, FL 34711-2136
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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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