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    Property profile & analytics

    933 Carter Rd Winter Garden, FL 34787-4148

    • Warehouses
    • 22,920 SF
    • 3.98 lot acres
    OFF-MARKET
    Value Estimations
    $3,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0338511
    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

    • Windermere Xtreme Auto / Car Wash
    • Windermere Collision Center / Auto Repair Shop

    Property Details for 933 Carter Rd

    Year built
    2018
    Lot size
    3.98 lot acres
    Property size
    22,920 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    24-22-27-0000-00-015
    APU
    242227000000015

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,590,000
      6.5%
      $2,390,000
      7%
      $2,220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,212,000
      Market price range: $1.13M - $4.21M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,670,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Garden
    County
    Orange
    State
    Florida
    Longitude
    -81.5639
    Latitude
    28.5536
    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
    $69,444
    $1,092,864
    $3,612,109
    $4,704,973
    -
    $1,092,864
    $3,612,109
    $4,704,973

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1037 Story Rd

      STORAGE YARD, OPEN STORAGE • 2,400 SF
      1037 Story Rd, Winter Garden, FL 34787-3732
      View Details
    • Value Estimation
      $1,105,000
      6,186 SF

      880 Bay St

      WAREHOUSE, STORAGE • 6,186 SF
      880 Bay St, Winter Garden, FL 34787-2606
      View Details
    • Value Estimation
      $8,805,000
      98,383 SF

      800 Beard Rd

      MINI-WAREHOUSE, STORAGE • 98,383 SF
      800 Beard Rd, Winter Garden, FL 34787-4406
      View Details
    • Value Estimation
      $875,000
      9,500 SF

      720 Business Park Blvd

      WAREHOUSE, STORAGE • 9,500 SF
      720 Business Park Blvd, Winter Garden, FL 34787-5707
      View Details
    • Value Estimation
      $1,210,000
      11,300 SF

      738 Business Park Blvd

      WAREHOUSE, STORAGE • 11,300 SF
      738 Business Park Blvd, Winter Garden, FL 34787-5703
      View Details
    • Value Estimation
      $1,430,000
      16,995 SF

      930 Carter Rd

      WAREHOUSE, STORAGE • 16,995 SF
      930 Carter Rd, Winter Garden, FL 34787-4108
      View Details

    Similar Nearby for Sale

    • $1,795,000
      13,580 SF

      Winter Garden Warehouse with Office

      Warehouse with office space near downtown Winter Garden.
      770 W Bay St, Winter Garden, FL 34787
      View Details
    • $400,000

      Winter Garden Warehouse Development Site

      Two lots suitable for warehouse development near major highways.
      12325 Stagg Rd, Winter Garden, FL 34787
      View Details
    • $5,900,000

      Showroom/Warehouse on West Colonial Drive

      24,145± SF showroom/warehouse on 2.21± acres for sale.
      12800 West Colonial Dr, Winter Garden, FL 34787
      View Details
    • Contact for pricing
      0.81 Acres

      Winter Garden Flex Space For Sale

      Modern industrial space, prime location
      705 Hennis Rd, Winter Garden, FL 34787
      View Details
    • $119,000
      0.09 Acres

      Residential Land in Winter Garden

      Land near downtown Winter Garden, convenient access to major roads.
      188 Mary St, Winter Garden, FL 34787
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      1,401 SF

      New Flex Space Available

      Modern flex space in Winter Garden, built in 2024.
      765 Garden Commerce Pkwy, Winter Garden, FL 34787
      View Details
    • $5,500 /Mo

      Renovated Freestanding Single Tenant Building

      Recently renovated industrial building with great access and signage opportunities.
      13040 W Colonial Dr, Winter Garden, FL 34787
      View Details
    • $17 SF/Yr
      10,340 SF

      New Winter Garden Warehouse Space

      Newly constructed warehouse space in a desirable Winter Garden location.
      776 Business Park Blvd, Winter Garden, FL 34787
      View Details
    • $17 SF/Yr
      24,145 SF

      Winter Garden Warehouse For Lease

      Large Industrial Warehouse, Excellent Location
      12800 Colonial Dr, Winter Garden, FL 34787
      View Details
    • $5,450 /Mo

      Renovated Industrial Style Commercial Space

      Newly renovated commercial space with warehouse and fenced yard.
      13066 W Colonial Dr, Winter Garden, FL 34787
      View Details
    • $21 SF/Yr
      91,734 SF

      Winter Garden Business Park Offices

      Class B Office/Industrial Space Available
      1218 Winter Garden Vineland Rd, Winter Garden, FL 34787
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      860
    • Avg Time on site
      28 min
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    933 Carter Rd
    Winter Garden, FL 34787-4148
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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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