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

    26 Crystal Lake St Orlando, FL 32806

    Sponsored
    For Sale
    $1,200,000

    0.79 acres, SoDo, near major hospitals.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional offering presents a rare opportunity to acquire two adjacent land parcels totaling approximately 0.79 acres in the vibrant SoDo district of Orlando, Florida. Located at 26 and 36 West Crystal Lake Street, these properties are zoned AC-2/T/SP, offering diverse development potential. The combined acreage provides significant flexibility for various commercial or residential projects. The location boasts unparalleled convenience, with easy walking distance to the Super Target SoDo Shopping Center. Across the street is a McDonald's, and a preschool is situated next door. Furthermore, the properties are less than a mile from major medical facilities including Orlando Health Regional Medical Center, Arnold Palmer Hospital for Children, and Winnie Palmer Hospital for Women. The area is also rich with amenities, including numerous restaurants, gyms, and banks, and is just one mile from the SunRail station, providing excellent public transportation access. This prime location, combined with the substantial lot size and favorable zoning, makes this an exceptional investment opportunity in a rapidly growing area of Orlando. The asking price for both lots is $1,200,000.

    Property Features for 26 Crystal Lake St

    General Information

    Property type
    Land
    Lot Size
    17,424 SF

    HighLights

    • $1,200,000 asking price for two adjacent lots totaling 0.79 acres in Orlando, FL.
    • AC‑2/T/SP zoning.
    • Located in the SoDo district of Downtown Orlando.
    • Walking distance to Super Target and near numerous amenities including restaurants, gyms, banks, and a preschool.
    • Less than a mile from Orlando Health Regional Medical Center, Arnold Palmer Hospital, and Winnie Palmer Hospital.
    • One mile from the SunRail station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.37789312
    Latitude
    28.51473213

    Nearby Similar for Sale

    • New
      $475,000
      1,501 SF

      Renovated Orlando Duplex Investment Opportunity

      Fully renovated duplex in Orlando with income 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
    • New
      $420,000
      1,556 SF

      Orlando Triplex with Income Potential

      Triplex with income potential, supported by appraisal and rent projections.
      6923 Anoka Dr, Orlando, FL 32818
      View Details
    • New
      $420,000
      1,556 SF

      Orlando Triplex with Income Potential

      Triplex with income potential, recent appraisal, and central location.
      6923 Anoka Dr, Orlando, FL 32818
      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

      Orlando Duplex: Remodeled, Fully Leased

      Remodeled Orlando duplex with strong rental income potential.
      4711 Eggleston Ave, Orlando, FL 32804
      View Details
    • New
      $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

    FAQs

    What type of property is this?
    Land - 0.79 acres, SoDo, near major hospitals.
    Where is this land located?
    The property is located at 26 Crystal Lake St Orlando, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for two adjacent lots totaling 0.79 acres in Orlando, FL.; AC-2/T/SP zoning.; Located in the SoDo district of Downtown Orlando.
    (407) 949-0731
    Request Owner's contact information
    26 Crystal Lake 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.
    26 Crystal Lake 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.

    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
    26 Crystal Lake 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
    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.