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    Property profile & analytics

    630 Goodbar Ave Umatilla, FL 32784

    • Manufacturing properties
    • 4,516 SF
    • 1.54 lot acres
    For Sale
    View listing
    $2,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4791108
    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

    • Utility Technicians / Utility Contractor

    Property Details for 630 Goodbar Ave

    Year built
    1960
    Construction
    METAL FRAME
    Lot size
    1.54 lot acres
    Property size
    4,516 SF
    Property type
    Manufacturing properties
    APN
    12-18-26-0400-00C-00700
    APU
    121826040000C00700

    Description

    This exceptional Umatilla, Florida industrial property presents a significant investment opportunity. Spanning 1.54 acres (67,200+ square feet), the site boasts five existing buildings totaling approximately 15,252 square feet, offering immediate usability for a variety of businesses. The property's strategic location provides excellent visibility and accessibility. The two parcels, identified as #12-18-26-0400-00D-01300 and #12-18-26-0400-00C-00700, are largely rectangular and currently vacant, allowing for potential expansion or redevelopment. Significant frontage is available, with approximately 376 feet along Goodbar Avenue and approximately 80 feet along Mary Street. The property's zoning designation is dual-use: C-2, General Commercial and Warehouse District, and R-15, Low Density Residential District, as per the City of Umatilla Zoning Authorities. This versatility allows for diverse development options, making it ideal for a contracting business seeking a central location or an investor looking to capitalize on the growth potential of this area. The property is listed at $2,200,000. Detailed information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $815,000
      Market price range: $288k - $815k
      AI Estimate
      $815,000
      Market price range: $288k - $815k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $525,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,325,000
      Change: +153% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,055,000
      Change: +101% Conversion: Easy
      OFFICE BUILDING
      $1,000,000
      Change: +91% Conversion: Difficult
      RETAIL STORES
      $965,000
      Change: +84% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Umatilla
    County
    Lake
    State
    Florida
    Longitude
    -81.6636
    Latitude
    28.9361
    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
    $12,196
    $0.00
    $0.00
    $623,861
    -
    $104,297
    $519,564
    $623,861

    Comparable in this City

    • Value Estimation
      $5,160,000
      80,910 SF

      39017 Golden Gem Dr

      MANUFACTURING (LIGHT) • 80,910 SF
      39017 Golden Gem Dr, Umatilla, FL 32784-8439
      View Details
    • Value Estimation by Request
      7,726 SF

      690 Central Ave

      FOOD PACKING, PACKING PLANT • 7,726 SF
      690 Central Ave, Umatilla, FL 32784-9505
      View Details
    • Value Estimation by Request
      4,160 SF

      811 State Rd 19

      MANUFACTURING (LIGHT) • 4,160 SF
      811 State Rd 19, Umatilla, FL 32784
      View Details
    • Value Estimation by Request
      1,350 SF

      19813 County Rd 450

      MANUFACTURING (LIGHT) • 1,350 SF
      19813 County Rd 450, Umatilla, FL 32784-8045
      View Details
    • Value Estimation by Request
      5,408 SF

      16341 County Rd 450

      MANUFACTURING (LIGHT) • 5,408 SF
      16341 County Rd 450, Umatilla, FL 32784-8917
      View Details
    • Value Estimation by Request
      1,800 SF

      Kentucky Ave

      MANUFACTURING (LIGHT) • 1,800 SF
      Kentucky Ave, Umatilla, FL 32784
      View Details

    Similar Nearby for Sale

    • $2,200,000
      1.54 Acres

      Umatilla Industrial Property: Prime Location

      1.54 Acres, 15,252+ sqft Buildings
      630 Goodbar Ave, Umatilla, FL 32784
      View Details
    • $425,000
      Pending

      Umatilla Industrial/Commercial Land For Sale

      2.66 acre fenced lot in Umatilla's Gateway Commerce Center.
      980 Duck Box Rd, Umatilla, FL 32784
      View Details
    • $2,995,000
      92 SF

      Lake County Land for Development

      92-acre land parcel in Lake County with development potential.
      37500 St. Louis Ave, Umatilla, FL 32784
      View Details
    • $199,900

      Land Parcel with Development Potential

      Unincorporated land parcel offering various development opportunities.
      16805 SE 249Th Ter, Umatilla, FL 32784
      View Details
    • $150,000

      Vacant Land Near SR 450

      Vacant land located near SR 450 in Umatilla, Florida.
      Cr-450, Umatilla, FL 32784
      View Details
    • Contact for pricing
      0.19 Acres

      Land in Umatilla, Florida

      Land with easy access and no HOA fees.
      SE 204Th Ct, Umatilla, FL 32784
      View Details
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    630 Goodbar Ave
    Umatilla, FL 32784
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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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