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    1 S Cottage Hill Rd Orlando, FL 32805

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    For Sale
    $5,990,000

    3.86-acre site with existing facility, ideal for redevelopment.

    Property size:
    28,536 SF
    Lot size:
    3.86 Acres

    Property Features for 1 S Cottage Hill Rd

    General Information

    Standard status
    Active
    Size
    28,536 SF
    Lot size
    3.86 Acres

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Gislene Moorman
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Gislene Moorman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Orlando Redevelopment Opportunity

    Located in Downtown Orlando, 1 S Cottage Hill Road is a 3.86-acre urban redevelopment site. The property includes a 30,044 square-foot institutional facility with 242 parking spaces. The site benefits from highway visibility, with traffic exceeding 48,000 vehicles daily. The property is zoned R-3B, allowing for existing density allowances and future AC-N Neighborhood Activity Center potential, supporting residential development, expanded commercial uses, and increased height. The location is within a Federal HUBZone and Opportunity Zone. Recent capital improvements of over $500,000 include roof, HVAC (3), flooring, seating, and interior upgrades. The existing facility features a sanctuary with seating for 800-1200, a commercial kitchen, administrative offices, classrooms, and a banquet/event center with 9 airwalls. The site is suited for adaptive reuse while redevelopment approvals are pursued. Potential uses include ministry, community hub, multi-family housing, mixed-use development, senior living, charter school campus, regional campus relocation, career academy, or church relocation. The property has frontage on John Young Parkway (266 feet) and immediate SR-408 access. It is located adjacent to Camping World Stadium, Exploria Stadium, Parramore Heritage District, and West Lakes Revitalization. The site allows for reuse of the existing land.
    Location Intelligence

    Current Use by Public Records

    Live Church Church Carter Tabernacle CME ... Church

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.4148451
    Latitude
    28.5413815

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    FAQs

    What type of property is this?
    Church & religious facility - 3.86-acre site with existing facility, ideal for redevelopment.
    Where is this church & religious facility located?
    The property is located at 1 S Cottage Hill Rd Orlando, FL.
    What is the asking price?
    The asking price for this property is $5,990,000.
    What are key features of this property?
    This property features: - Prime Downtown Orlando location with direct SR-408 access and high visibility (48,000+ vehicles daily).; - Large 3.86-acre parcel offering significant redevelopment potential.; - Opportunity Zone and Federal HUBZone location providing layered incentive potential.
    (407) 694-2246
    Request Owner's contact information
    1 S Cottage Hill Rd Orlando, FL 32805
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    Orlando, FL 32805
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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
    1 S Cottage Hill Rd Orlando, FL 32805
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    We can help!
    Listing Contact
    Gislene Moorman
    Real Estate License ID: 3312487
    (407) 694-2246 (813) 253-2444
    Learn more
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