Add Listing
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

    621 Wilks Ave Orlando, FL 32809-4239

    • Investment properties
    • 856 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Oct 02, 2023
    $1,175,000
    Value Estimations
    $1,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0059391
    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

    • S A Casey Construction Inc / Construction Company

    Property Details for 621 Wilks Ave

    Year built
    1979
    Lot size
    0.40 lot acres
    Property size
    856 SF
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    24-23-29-3336-00-113
    APU
    242329333600113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,330,000
      ML approach
      $1,285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.369
    Latitude
    28.4747
    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
    $14,667
    $179,641
    $769,215
    $948,856
    -
    $179,641
    $769,215
    $948,856

    Comparable in this City

    • Value Estimation by Request
      1,609 SF

      1200 Waltham Ave

      STORE/OFFICE (MIXED USE) • 1,609 SF
      1200 Waltham Ave, Belle Isle, FL 32809-4252
      View Details
    • Value Estimation by Request
      1,320 SF

      5905 Tomoka Dr

      STORE/OFFICE (MIXED USE) • 1,320 SF
      5905 Tomoka Dr, Orlando, FL 32809-4738
      View Details
    • Value Estimation by Request
      1,269 SF

      709 Oak Rdg Rd

      STORE/OFFICE (MIXED USE) • 1,269 SF
      709 Oak Rdg Rd, Orlando, FL 32809-4882
      View Details
    • Value Estimation
      $900,000
      4,284 SF

      1005 Oak Rdg Rd

      STORE/OFFICE (MIXED USE) • 4,284 SF
      1005 Oak Rdg Rd, Orlando, FL 32809-4722
      View Details
    • Value Estimation by Request
      2,780 SF

      414 Oak Rdg Rd

      STORE/OFFICE (MIXED USE) • 2,780 SF
      414 Oak Rdg Rd, Orlando, FL 32809-4044
      View Details
    • Value Estimation by Request
      2,639 SF

      811 Oak Rdg Rd

      STORE/OFFICE (MIXED USE) • 2,639 SF
      811 Oak Rdg Rd, Orlando, FL 32809-4811
      View Details

    Similar Nearby for Sale

    • $1,500,000
      2,251 SF

      Versatile Mixed-Use Property Near Airport

      C-1 zoned property suitable for live/work or investment.
      8027 S Orange Ave, Orlando, FL 32809
      View Details
    • $365,000
      1,312 SF

      Orlando Mixed-Use Investment Opportunity

      High-potential, 1,312 sq ft mixed-use property.
      Orlando, FL 32809
      View Details
    • $3,499,000
      19,138 SF

      Freestanding Mixed-Use Brick Building

      Mixed-use commercial building for sale.
      1011 W Lancaster Rd, Orlando, FL 32809
      View Details
    • $650,000
      2,056 SF

      Orlando Duplex: Investment Opportunity

      Well-maintained duplex in Pine Castle with strong rental income potential.
      6602 Pot O Gold Ln, Orlando, FL 32809
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      12,000 SF

      Orlando Mixed-Use Commercial Space

      Versatile commercial space with general commercial zoning in Orlando, Florida.
      1400 Jordan Ave, Orlando, FL 32809
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Adaptable space suitable for medical, retail, or office use.
      6925 Lake Ellenor Dr, Orlando, FL 32809
      View Details
    • Contact for pricing

      Modern Office Building For Rent

      Modern office building with parking, convenient location, and break room.
      6100 Lake Ellenor Dr, Orlando, FL 32809
      View Details
    • Contact for pricing
      158,400 SF

      Prime Retail Space Near Florida Mall

      158,400 SF retail space adjacent to super-regional Florida Mall.
      8001 S Orange Blossom Trl, Orlando, FL 32809
      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.
    621 Wilks Ave
    Orlando, FL 32809-4239
    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.
    Sign Up Successful!
    You now have access to more from Realmo!