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    830 Lee Rd Orlando, FL 32810

    For Sale
    Contact for pricing

    145-unit hotel, high occupancy, strong ROI

    Property size:
    69,776 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 69,776 square foot, fee-simple owned hotel boasts 145 units with a current 90% occupancy rate. Situated on a 1.76-acre lot in Orlando, Florida (zip code 32810, 830 Lee Rd), this property offers significant upside potential. The building, constructed in 2006 and renovated in 2006, presents a deep value-add opportunity. Its prime location on Lee Road (36,500 AADT) provides immediate access to Interstate 4 (170,000 AADT), ensuring high visibility and accessibility. Nearby amenities include McDonald's, Walmart, 7-Eleven, Home Depot, Starbucks, and Denny's, all within walking distance. A bus stop is conveniently located on-site. The property's proximity to Downtown Winter Park (2.5 miles), known for its upscale dining and shopping, further enhances its appeal. The surrounding area demonstrates strong demographics, with 279,339 people residing within a 5-mile radius and an average household income of $87,654 within 3 miles. The property's versatility allows for future uses such as an assisted living facility or multi-family housing. The cost to construct a comparable new building would exceed $30 million. This presents a unique opportunity to acquire a well-located, high-performing asset with substantial future development potential.

    Property Features for 830 Lee Rd

    General Information

    Property type
    Retirement homes
    Square Feet
    69,776 SF
    Lot Size
    76,666 SF

    Building Details

    Year Renovated
    2006
    Buildings
    1
    Units
    145

    HighLights

    • 145‑unit hotel with 90% occupancy.
    • Recently renovated, offering value‑add potential and future redevelopment options including assisted living or multifamily. New construction cost exceeds $30 million.
    • Excellent location on Lee Road (36,500 AADT) with immediate I‑4 access (170,000 AADT).
    • Prime location near numerous amenities including McDonald's, Walmart, 7‑Eleven, Home Depot, Starbucks, and Denny's. On‑site bus stop.
    • 2.5 miles from Downtown Winter Park.
    • Strong demographics: 279,339 people within a 5‑mile radius and an average household income of $87,654 within 3 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Katerina Extended Stay ... Extended Stay Hotel FlexStay America Low Income Housing Program State of Hope Non-Profit Organization Katerina FlexStay Extended Stay Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -81.392343041278
    Latitude
    28.607944363267

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    FAQs

    What type of property is this?
    Retirement home - 145-unit hotel, high occupancy, strong ROI
    Where is this retirement home located?
    The property is located at 830 Lee Rd Orlando, FL.
    What are key features of this property?
    This property features: 145-unit hotel with 90% occupancy.; Recently renovated, offering value-add potential and future redevelopment options including assisted living or multifamily. New construction cost exceeds $30 million.; Excellent location on Lee Road (36,500 AADT) with immediate I-4 access (170,000 AADT).
    Request Owner's contact information
    830 Lee Rd Orlando, FL 32810
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    Realmo Value Estimation

    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.

    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
    830 Lee Rd Orlando, FL 32810
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