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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    847 Park Ave Apopka, FL 32712-2715

    • Office buildings
    • 4,417 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1858719
    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

    • Park Avenue Animal Hospital / Animal Hospital / Veterinarian
    • Dr. John Turgai / Veterinarian

    Property Details for 847 Park Ave

    Year built
    2008
    Lot size
    0.44 lot acres
    Property size
    4,417 SF
    Zone code
    C-C
    Property type
    Office buildings
    APN
    03-21-28-0000-00-020
    APU
    32128000000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $925,000
      Market price range: $564k - $1.69M
      AI Estimate
      $560,000
      Market price range: $461k - $999k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,195,000
      Current use
      RETAIL STORES
      $1,175,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.5089
    Latitude
    28.6961
    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
    $14,474
    $151,682
    $763,211
    $914,893
    -
    $151,682
    $763,211
    $914,893

    Comparable in this City

    • Value Estimation
      $695,000
      2,836 SF

      3500 Golden Gem Rd

      OFFICE BUILDING • 2,836 SF
      3500 Golden Gem Rd, Apopka, FL 32712
      View Details
    • Value Estimation
      $1,090,000
      7,647 SF

      3703 Kelly Park Rd

      OFFICE BUILDING • 7,647 SF
      3703 Kelly Park Rd, Apopka, FL 32712-5134
      View Details
    • Value Estimation by Request
      1,628 SF

      3251 Ponkan Pnes Rd

      OFFICE BUILDING • 1,628 SF
      3251 Ponkan Pnes Rd, Apopka, FL 32712-5627
      View Details
    • Value Estimation
      $1,570,000
      5,723 SF

      404 Orange Blossom Trl

      OFFICE BUILDING • 5,723 SF
      404 Orange Blossom Trl, Apopka, FL 32712
      View Details
    • Value Estimation
      $605,000
      4,331 SF

      424 Park Ave

      PROFESSIONAL BUILDING • 4,331 SF
      424 Park Ave, Apopka, FL 32712-4152
      View Details
    • Value Estimation by Request
      2,205 SF

      900 Plymouth Sorrento Rd

      OFFICE BUILDING • 2,205 SF
      900 Plymouth Sorrento Rd, Apopka, FL 32712-5815
      View Details

    Similar Nearby for Sale

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      1.67 Acres

      Apopka Commercial Land Investment

      Prime Apopka Office/Retail Lot, $730K
      0 Plymouth Sorrento Rd, Apopka, FL 32712
      View Details
    • $730,000
      1.67 Acres

      Apopka Commercial Land - 1.67 Acres

      Prime Apopka development site, two pads, high visibility.
      in Apopka Plymouth Sorrento Rd And Lester Rd, Apopka, FL 32712
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    • $1,850,000
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      Apopka Land: 4.86 Acres

      Prime Apopka land, residential potential.
      4420 Plymouth Sorrento Rd, Apopka, FL 32712
      View Details
    • $1,500,000
      4.71 Acres

      Apopka Residential Land - 4.71 Acres

      Prime Apopka land, R-1AAA zoning.
      4402 Plymouth Sorrento Rd, Apopka, FL 32712
      View Details
    • $510,000

      Apopka Agricultural Land Opportunity

      4.21-acre A-1 zoned land with extensive water infrastructure.
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    • $750,000
      3,255 SF

      Apopka Assisted Living Facility

      3,255 SF property suitable for assisted living facility.
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    Similar Nearby for Lease

    • Contact for pricing
      3,612 SF

      Apopka Medical Office Building

      Prime 3,612 SF Medical Office for Lease
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    • Contact for pricing
      207,491 SF

      Apopka Industrial Space For Lease

      New industrial space with 2,500 SF office, available Q1 2024.
      5050 Wesley Rd, Apopka, FL 32712
      View Details
    • $20,000 /Mo
      5 SF

      Industrial Land For Lease

      5.5 acre industrial land suitable for outside storage.
      5651 West Ponkan Rd, Zellwood, FL 32712
      View Details
    • Contact for pricing
      18,089 SF

      Shoppes at Wekiva Ranch Retail

      Apopka's newest mixed-use retail spaces.
      0 Kelly Park Rd, Apopka, FL 32712
      View Details
    • $20,000 /Mo

      Apopka Industrial Land for Lease

      5.5± acre industrial land with outside storage approval.
      5651 W Ponkan Rd, Apopka, FL 32712
      View Details
    • $7,916 /Mo

      Apopka Land Outparcel For Lease

      Land outparcel available in a new Publix-anchored center.
      3080 W Kelly Park Rd, Apopka, FL 32712
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      664
    • Avg Time on site
      24 min
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    847 Park Ave
    Apopka, FL 32712-2715
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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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