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

    950 Winter Park Dr Casselberry, FL 32707-5457

    • Office buildings
    • 43,082 SF
    • 2.19 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2025
    $5,300,000
    Value Estimations
    $5,315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4281784
    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

    • Sara Meyer, CAP, FIC - Thrivent / Financial Advisor
    • Fairway Financial LLC / Financial Advisor
    • Korshak & Associates, P.A. / Law Firm
    • Osiris 9 Consulting, LLC / Engineering Consultant
    • FSU Insurance / Insurance Agency

    Property Details for 950 Winter Park Dr

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    2.19 lot acres
    Property size
    43,082 SF
    Property type
    Office buildings
    APN
    21-21-30-506-0B00-0000
    APU
    2121305060B000000

    Description

    This exceptional office building, totaling 42,098 square feet, presents a fantastic opportunity for businesses seeking a prestigious location. Situated on a 2.19-acre corner lot at the intersection of SR 436 and Red Bug Lake Road, this property boasts unparalleled visibility and convenient access to Altamonte Springs Mall and Orlando. The building features three expansive floors, each equipped with restrooms and served by an elevator. Ample parking is available for tenants and visitors. Two immediately available suites range from 1,604 to 1,790 square feet. The building itself is impeccably maintained, showcasing elegant glass doors and modern, business-ready interiors, creating a professional and productive work environment. This is a multi-tenant building offering a thriving business community within a welcoming atmosphere. The property's prime location and modern amenities make it an ideal choice for businesses seeking to establish or expand their presence in a highly desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,330,000
      Market price range: $5.33M - $10.5M
      AI Estimate
      $5,330,000
      Market price range: $5.33M - $10.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,810,000
      Current use
      RETAIL STORES
      $8,185,000
      Change: +5% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $7,490,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Casselberry
    County
    Seminole
    State
    Florida
    Longitude
    -81.3219
    Latitude
    28.648
    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
    $62,375
    $0.00
    $0.00
    $3,686,554
    -
    $678,301
    $3,008,253
    $3,686,554

    Comparable in this City

    • Value Estimation
      $5,240,000
      42,366 SF

      101 Sunnytown Rd Ste, Unit 100

      OFFICE BUILDING (MULTI-STORY) • 42,366 SF
      101 Sunnytown Rd Ste, Casselberry, FL 32707-3862
      View Details
    • Value Estimation by Request
      1,980 SF

      320 Piney Rdg Rd

      OFFICE BUILDING • 1,980 SF
      320 Piney Rdg Rd, Casselberry, FL 32707-3806
      View Details
    • Value Estimation by Request
      2,967 SF

      450 Seminola Blvd

      OFFICE BUILDING • 2,967 SF
      450 Seminola Blvd, Casselberry, FL 32707-3054
      View Details
    • Value Estimation
      $645,000
      2,654 SF

      945 State Rd 436

      PROFESSIONAL BUILDING • 2,654 SF
      945 State Rd 436, Casselberry, FL 32707-5662
      View Details
    • Value Estimation
      $1,445,000
      5,944 SF

      1375 State Rd 436

      OFFICE BUILDING • 5,944 SF
      1375 State Rd 436, Casselberry, FL 32707-6503
      View Details
    • Value Estimation
      $505,000
      3,696 SF

      515 State Rd 436

      PROFESSIONAL BUILDING • 3,696 SF
      515 State Rd 436, Casselberry, FL 32707-5341
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Casselberry Commercial Building For Sale

      Freestanding building with commercial zoning in Casselberry, Florida.
      940 Winter Park Dr, Casselberry, FL 32707
      View Details
    • Contact for pricing

      Casselberry Freestanding Buildable Site

      Freestanding Casselberry building suitable for banks or medical offices.
      1001 Red Bug Lake Rd, Casselberry, FL 32707
      View Details
    • $1,200,000
      0.64 Acres

      Commercial Building on Winter Park Drive

      Freestanding commercial building with versatile zoning in Casselberry, Florida.
      940 S Winter Park Dr, Casselberry, FL 32707
      View Details
    • $11,750,000
      83,520 SF

      Casselberry Corporate Center Investment

      Class A Office Building, Prime Location
      1211 State Road 436, Casselberry, FL 32707
      View Details
    • $649,900

      Versatile Flex Space Warehouse

      Flex space with easy access to major highways.
      201 Reece Way, Casselberry, FL 32707
      View Details
    • $1,350,000
      Pending

      Casselberry Showroom and Office Building

      Two-story building with showroom and office space for sale.
      850 State Road 436, Casselberry, FL 32707
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr

      101 Sunnytown Road, Casselberry, FL 32707

      Office buildings
      101 Sunnytown Rd, Casselberry, FL 32707
      View Details
    • $21 SF/Yr
      42,366 SF

      Casselberry Oaks Office Building

      Three-story office building in a revitalized area with ample parking.
      101 Sunnytown Rd, Casselberry, FL 32707
      View Details
    • $126,000

      Casselberry Flex Office Space

      10,000 SF flex office space in accessible industrial corridor.
      350 Anchor Rd, Casselberry, FL 32707
      View Details
    • $24 SF/Yr

      Former Bank Branch on FL-436

      Former bank branch with drive-thru on a high-traffic road.
      894 Fl-436, Casselberry, FL 32707
      View Details
    • Contact for pricing
      320 SF

      Renovated Office Space Available

      Newly renovated office spaces in a professionally managed complex.
      1544 Seminola Blvd, Casselberry, FL 32707
      View Details
    • $2,027 /Mo

      Casselberry Flex Park For Rent

      Flex park with office/warehouse configurations available for rent.
      102-440 Live Oaks Blvd, Casselberry, FL 32707
      View Details
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    Casselberry, FL 32707-5457
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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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