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    501 E Church St Orlando, FL 32801

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    For Sale
    $1,400,000

    High-visibility corner parcel in Downtown Orlando with redevelopment potential.

    Property size:
    1,723 SF
    Lot size:
    0.18 Acres

    Property Features for 501 E Church St

    General Information

    Standard status
    Active
    Size
    1,723 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1953

    We can help!

    Listing Contact
    Patricia Sullivan
    Patricia Sullivan
    Source: Corcoran

    Listing Agency: OLDE TOWN BROKERS INC Listing Agent: Patricia Sullivan

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

    Learn more

    Overview

    Downtown Orlando Corner Parcel

    This is a rare opportunity to acquire a signalized, high-visibility corner parcel in the heart of Downtown Orlando, located at the intersection of Church Street and Osceola Avenue, just steps from Lake Eola and the Central Business District. This property offers dual frontage along two major corridors within one of Orlando’s most walkable and supply-constrained urban cores. The existing one-story office building is well maintained, fully functional, and immediately usable for a wide range of commercial applications, including retail, salon or spa, boutique medical, legal, counseling, or creative office. The current layout includes multiple private offices, reception area, and window-lined workspaces, making it ideal for an owner-user or investor seeking immediate occupancy or income while evaluating longer-term plans. The property is zoned for high-density mixed-use, allowing for multifamily, hotel, retail, restaurant, and urban commercial development. Surrounded by major residential towers, mixed-use projects, and ongoing downtown investment, this site is exceptionally positioned for vertical redevelopment, including luxury apartments, boutique hotel concepts, or mixed-use projects with ground-floor retail. The property size is 1723 square feet.
    Location Intelligence

    Current Use by Public Records

    HD Supply Corporate Office Webster University College TravelClick, an Amadeus company Marketing & Advertising AssistRx Corporate Office Discount Tire Repair ... General Contractor

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3850863
    Latitude
    28.5402889

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    FAQs

    What type of property is this?
    Office building - High-visibility corner parcel in Downtown Orlando with redevelopment potential.
    Where is this office building located?
    The property is located at 501 E Church St Orlando, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime downtown Orlando location on a high-visibility corner.; - High-density mixed-use zoning allows for multifamily, hotel, retail, and restaurant possibilities.; - Exceptionally positioned for vertical redevelopment, such as luxury apartments or a boutique hotel.
    (407) 219-3450
    Request Owner's contact information
    501 E Church St Orlando, FL 32801
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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
    501 E Church St Orlando, FL 32801
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    We can help!
    Listing Contact
    Patricia Sullivan
    Patricia Sullivan
    Real Estate License ID: 3130492
    (407) 219-3450 (407) 719-6550 (407) 426-7702
    Learn more
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