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    Thornton Park Mixed-Use Investment Title is generated by Realmo AI

    37 Hill Ave, Orlando, FL 32801

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    Mixed-use property in vibrant Thornton Park, Orlando.

    Type:Mixed Use, Office
    Property size:
    2,166 SF
    Price / SF:
    $634/SF
    Added:
    Mar 11, 2026
    Days on Market:
    73
    Last Refresh:
    Mar 16 at 3:07 pm

    Property Features for 37 Hill Ave

    General Information

    Standard status
    Active
    Size
    2,166 SF
    Property subtype
    Mixed Use, Office

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    Maria Blanchard

    Listing agent Maria Blanchard License #FL SL588804

    Listing office Olde Town Brokers Inc

    Listing date Mar 11, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Olde Town Brokers Inc

    HighLights

    • Prime location in the heart of Thornton Park, a vibrant and walkable Downtown Orlando district.
    • Rare mixed‑use investment opportunity with exceptional flexibility and upside potential.
    • Four individually condoed units offered together, providing flexible exit strategies (hold, sell individually, or reposition).
    • Recent capital improvements include a new roof (December 2022) and new AC unit (October 2021), and new electrical panel (September 2025).
    • Steps from Lake Eola, renowned dining, boutique retail, and premier nightlife.
    • Outstanding visibility, accessibility, and long‑term appreciation potential.

    Overview

    Located on a corner lot in Thornton Park, a walkable district in Downtown Orlando, 37 Hill Avenue is a mixed-use investment opportunity. The property comprises four individually condoed units offered together. This setup provides flexibility for investors, owner-operators, or those looking to capitalize on the demand for residential and commercial space in Thornton Park. Situated near Lake Eola, dining options, retail, and nightlife, the property benefits from visibility, accessibility, and appreciation potential in Orlando. Recent capital improvements include a new AC package unit installed in October 2021, a new roof completed in December 2022, and a new electrical panel installed in September 2025. The units are already individually condoed, offering investors exit strategies, including holding as an income property, selling units individually, or repositioning to maximize value. The property size is 2166 square feet.
    Location Intelligence

    Current Use by Public Records

    Marketing for Change Co. Advertising Agency Kimberly Bewley & Co Interior Design iMassage Orlando Alternative Medicine Practice

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center Kitchen & Bath Showroom Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3673735
    Latitude
    28.5435168

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in vibrant Thornton Park, Orlando.
    Where is this mixed-use property located?
    The property is located at 37 Hill Ave Orlando, FL.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: Prime location in the heart of Thornton Park, a vibrant and walkable Downtown Orlando district.; Rare mixed‑use investment opportunity with exceptional flexibility and upside potential.; Four individually condoed units offered together, providing flexible exit strategies (hold, sell individually, or reposition).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Maria Blanchard
    Real Estate License ID: FL SL588804
    Learn More
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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.

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