Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3634 Country Lakes Dr Orlando, FL 32812

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $259,990

    Build-ready lot in Belle Isle, minutes from Downtown Orlando.

    Property Features for 3634 Country Lakes Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Eric Dukes
    Source: Corcoran

    Listing Agent: Eric Dukes

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

    Learn more

    Property Insight Report

    Overview

    Ready-to-Build Lot in Belle Isle

    This is a rare opportunity to own a build-ready lot in the community of Belle Isle, located minutes from Downtown Orlando and the Conway Chain of Lakes. The prime lot in Florida features a completed slab foundation. Impact fees have already been paid on this property, and flood insurance is not required as it sits in Zone X. The seller has several floor plans that will work on the current slab and can provide an engineered letter upon request. This Belle Isle lot is located minutes from Lake Conway, Orlando International Airport, shopping, dining and top-rated schools. Seller financing is offered with a substantial down payment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.337636
    Latitude
    28.466117

    Nearby Similar for Sale

    • $475,000
      1,501 SF

      Renovated Duplex in Orlando

      Fully renovated duplex in Orlando, offering excellent investment potential.
      96 W Esther St, Orlando, FL 32806
      View Details
    • $1,725,000
      4,121 SF

      Lakefront Estate with Development Potential

      Versatile estate on 11.5 acres with lake access and multiple residences.
      16692 Lake Pickett Rd, Orlando, FL 32820
      View Details
    • $1,799,000
      1,176 SF

      Orlando Multifamily Investment Opportunity

      Six townhouses in Orlando, ideal for investors, close to attractions.
      11110 Essex Ridge Ct, Orlando, FL 32837
      View Details
    • $1,300,000
      3,263 SF

      College Park Income-Producing Quadruplex

      Four-unit property in College Park, ideal for investors.
      2223 Amherst Ave, Orlando, FL 32804
      View Details
    • $515,000
      2,393 SF

      Remodeled Orlando Duplex For Sale

      Fully leased, remodeled duplex in Orlando with strong rental income potential.
      4711 Eggleston Ave, Orlando, FL 32804
      View Details
    • $1,495,500
      3,453 SF

      Orlando Luxury Income Property

      New construction duplex near Orlando Health, generating rental income.
      239 E Harding St, Orlando, FL 32806
      View Details
    • $3,400,000
      7,947 SF

      Multi-Building Site on 5.4 Acres

      Multi-building site on 5.4 acres with future commercial land use.
      8826 Trevarthon Rd, Orlando, FL 32817
      View Details
    • $1,228,000
      3,150 SF

      Updated Triplex in Baldwin Park

      Live, work, and earn in one updated Orlando property.
      1550 Lake Baldwin Ln, Orlando, FL 32814
      View Details
    • $2,450,000
      9,918 SF

      Renovated Orlando Office Building

      Prime Orlando office building with long-term governmental tenant.
      701 E South St, Orlando, FL 32801
      View Details
    • $415,000
      1,144 SF

      Orlando Duplex Investment Opportunity

      Duplex in Historic Lake Eola District, Orlando. Vacant and gutted.
      200 Hibiscus Ct, Orlando, FL 32801
      View Details
    • $699,900
      1,889 SF

      Orlando Triplex Investment Opportunity

      Well-maintained triplex in Crystal Lake area, ideal for investors.
      3105 S Crystal Lake Dr, Orlando, FL 32806
      View Details
    • New
      $4,000,000
      Pending

      East Orlando Ranch with Multiple Homes

      100+ acre ranch with 5 homes near SR 50.
      350 S 5Th St, Orlando, FL 32833
      View Details

    FAQs

    What type of property is this?
    Land - Build-ready lot in Belle Isle, minutes from Downtown Orlando.
    Where is this land located?
    The property is located at 3634 Country Lakes Dr Orlando, FL.
    What is the asking price?
    The asking price for this property is $259,990.
    What are key features of this property?
    This property features: - Build-ready lot with completed slab foundation.; - Impact fees already paid.; - Seller financing available with substantial down payment.
    Request Owner's contact information
    3634 Country Lakes Dr Orlando, FL 32812
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3634 Country Lakes Dr
    Orlando, FL 32812
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3634 Country Lakes Dr Orlando, FL 32812
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eric Dukes
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.