Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    429 E Michigan St Orlando, FL 32806

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available, ranging from 1,500 to 3,300 SqFt.

    Property Features for 429 E Michigan St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    Garrett Gleiter
    Source: Crexi

    Listing Agency: 4 Acre Commercial Real Estate Listing Agent: Garrett Gleiter

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

    Learn more

    Overview

    Retail Space Available For Rent

    Retail spaces are available for rent. The property offers two spaces, with sizes ranging from 1,500 SqFt to 3,300 SqFt.
    Location Intelligence

    Current Use by Public Records

    Christen SlayStylist Hair Salon Oh La La ... Hair Salon Orlando Heating And Air ... HVAC Service Impression Salon by ... Hair Salon Blissful Hair Extensions Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3708515
    Latitude
    28.5132651

    Nearby Similar for Lease

    • New
      $4,000 /Mo
      30,090 SF

      Orlando Mixed-Use Building Office Suites

      Premier office suites in a mixed-use building for rent.
      126 E Colonial Dr, Orlando, FL 32801
      View Details
    • $6,800 /Mo
      2,895 SF

      Corner Lot Commercial Building in Orlando

      Versatile commercial property with a flexible layout and ample parking.
      1436 22Nd St, Orlando, FL 32805
      View Details
    • $4,500 /Mo
      1,648 SF

      Move-in Ready Office Space Orlando

      Professional or medical office space available for lease near Waterford Lakes.
      10967 Lake Underhill Rd, Orlando, FL 32825
      View Details
    • $2,200 /Mo
      631 SF

      Orlando Commercial Space For Lease

      Prime commercial space in high-traffic Sand Lake Road corridor.
      4725 W Sand Lake Rd, Orlando, FL 32819
      View Details
    • New
      $16,000 /Mo
      6,706 SF

      Prime Medical/Business District Office

      Colonial-style office building in a prime medical and business district.
      326 N Mills Ave, Orlando, FL 32803
      View Details
    • $22 SF/Yr
      1,995 SF

      Prime Retail Space in Orlando

      Rare leasing opportunity in a sought-after retail corridor.
      1201 W Fairbanks Ave, Orlando, FL 32804
      View Details
    • $3,300 /Mo
      1,115 SF

      Orlando Office Space For Lease

      Private office suites in desirable Hunter’s Creek location.
      13538 Village Park Dr, Orlando, FL 32837
      View Details
    • $3,000 /Mo
      1,626 SF

      Versatile Orlando Mixed-Use Space

      1626 sq ft commercial building near Downtown Orlando.
      319 Dillon Cir, Orlando, FL 32822
      View Details
    • $10,000 /Mo
      2,112 SF

      High-Traffic Corner Lot in Orlando

      2,100 SF commercial property on a 0.63-acre corner lot.
      1919 S Orange Blossom Trl, Orlando, FL 32805
      View Details
    • $39,600
      1,115 SF

      Orlando Office Space For Lease

      Private office suites in a desirable Hunter's Creek location.
      13538 Village Park Dr, Orlando, FL 32837
      View Details
    • $10,000 /Mo
      3,100 SF

      Windermere Office and Studio Space

      Office and studio space for rent in Orlando, Florida.
      4705 S Apopka Vineland Rd, Orlando, FL 32819
      View Details
    • $1,000 /Mo
      1,117 SF

      MetroWest Executive Suites Available

      Class A office suites in a prime Orlando location.
      6200 Metrowest Blvd, Orlando, FL 32835
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available, ranging from 1,500 to 3,300 SqFt.
    Where is this retail space located?
    The property is located at 429 E Michigan St Orlando, FL.
    What are key features of this property?
    This property features: - Retail spaces available.; - Two spaces available, ranging from 1,500 SqFt to 3,300 SqFt.; - 1,500 SqFt space available.
    Request Owner's contact information
    429 E Michigan St Orlando, FL 32806
    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.
    429 E Michigan St
    Orlando, FL 32806
    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
    429 E Michigan St Orlando, FL 32806
    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
    Garrett Gleiter
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!