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    3399 Wd Judge Dr Orlando, FL 32808

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    For Lease
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    Orlando, FL Industrial Warehouse Space for Lease

    Lot size:
    148,270 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    Princeton Oaks, located at 3399 W D Judge Dr, Orlando, FL 32808, offers exceptional Class A warehouse and distribution space. This prime industrial property boasts a total of 148,270 square feet, with flexible lease options available. Units range from a minimum of 23,502 square feet up to larger spaces, accommodating a variety of business needs. The high ceilings, measuring 32 feet, provide ample vertical storage capacity, maximizing efficiency and operational flexibility. The property features ample parking, with a ratio of 1.3 spaces per 1,000 square feet, ensuring convenient access for employees and clients. Princeton Oaks is part of a larger development, with Phase 1 completed in July 2019 (467,920 square feet across 5 buildings) and Phase 2A completed in 2023 (adding 284,112 square feet). The entire park is currently 100% leased, highlighting its desirability and strong market position. This is a multi-tenant building, offering a vibrant and collaborative environment. The property's strategic location in Orlando, Florida provides excellent access to major transportation routes, facilitating seamless logistics and distribution operations. With its modern amenities, efficient design, and prime location, Princeton Oaks presents a compelling opportunity for businesses seeking high-quality industrial space in a thriving market. Contact us today to learn more about available lease options and explore the possibilities of establishing your business at this exceptional location.

    Property Features for 3399 Wd Judge Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    148,270 SF
    Class
    A

    Unit(s) available at that property

    Space
    Building 900
    Size
    87,504 SF
    Space
    Building 1000
    Size
    42,386 SF

    HighLights

    • 148,270 SF of Class A warehouse/distribution space available for lease in Orlando, FL.
    • Units range from 23,502 SF to larger spaces, with 32' clear heights.
    • Ample parking (1.3 spaces per 1,000 SF) and excellent access to major transportation routes.
    • Located less than 2 miles from over $5.5 billion in new development, in a 25M SF submarket with an established industrial base.
    • John Young Parkway expansion improves access to major roadways; new construction provides high‑quality inventory in an established submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Princeton Oaks Warehouse

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4176738
    Latitude
    28.5600247

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    FAQs

    What type of property is this?
    Distribution property - Orlando, FL Industrial Warehouse Space for Lease
    Where is this distribution property located?
    The property is located at 3399 Wd Judge Dr Orlando, FL.
    What are key features of this property?
    This property features: 148,270 SF of Class A warehouse/distribution space available for lease in Orlando, FL.; Units range from 23,502 SF to larger spaces, with 32' clear heights.; Ample parking (1.3 spaces per 1,000 SF) and excellent access to major transportation routes.
    Request Owner's contact information
    3399 Wd Judge Dr Orlando, FL 32808
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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
    3399 Wd Judge Dr Orlando, FL 32808
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