Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Monument Pkwy And Innovation Way Orlando, FL 32832

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Monument Pkwy And Innovation Way Orlando, FL 32832

    View on Map
    • Warehouses
    • 746,000 SF
    • 59.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Monument Pkwy And Innovation Way

    Year built
    2025
    Lot size
    59.90 lot acres
    Property size
    746,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A industrial property, VenturePark Beachline II & III, offers 746,000 square feet of warehouse, distribution, and manufacturing space in Orlando's SE Orange County submarket. Located at Monument Pkwy and Innovation Way (zip code 32832), this development comprises two single-story buildings totaling 746,000 square feet, currently under construction and slated for completion in 2025. Individual spaces range from a minimum of 100,000 square feet to a maximum contiguous space of 413,100 square feet, making it ideal for a variety of large-scale operations. The property sits on a substantial 59.9 acres (2,609,244 square feet) and boasts impressive features including 36' to 40' ceiling heights, 145 dock-high doors, 6 drive-in doors, and ample parking with a combined 635 auto and 163 trailer spaces. The site offers 4,000 amps of power (expandable) and benefits from its proximity to major transportation arteries, including SR-528/Beachline Highway, providing easy access to Orlando International Airport, SR-417, I-95, and the Space Coast. This prime location ensures efficient distribution to a vast customer base, within a one-day turnaround of 22 million customers and eight hours of 45 million. The property is currently fully vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.172
    Latitude
    28.4631

    Comparable in this City

    • Value Estimation
      $12,690,000
      145,158 SF

      8649 Transport Dr

      DISTRIBUTION WAREHOUSE • 145,158 SF
      8649 Transport Dr, Orlando, FL 32832-7102
      View Details
    • Value Estimation by Request
      52,688 SF

      8617 Transport Dr

      DISTRIBUTION WAREHOUSE • 52,688 SF
      8617 Transport Dr, Orlando, FL 32832-7102
      View Details
    • Value Estimation
      $1,760,000
      15,078 SF

      11221 John Wycliffe Blvd

      WAREHOUSE, STORAGE • 15,078 SF
      11221 John Wycliffe Blvd, Orlando, FL 32832-7013
      View Details
    • Value Estimation by Request
      816 SF

      13289 Kirby Smith Rd

      STORAGE YARD, OPEN STORAGE • 816 SF
      13289 Kirby Smith Rd, Orlando, FL 32832-6130
      View Details
    • Value Estimation
      $645,000
      4,485 SF

      13129 Wewahootee Rd

      WAREHOUSE, STORAGE • 4,485 SF
      13129 Wewahootee Rd, Orlando, FL 32832
      View Details
    • Value Estimation by Request
      1,296 SF

      13336 Wewahootee Rd

      WAREHOUSE, STORAGE • 1,296 SF
      13336 Wewahootee Rd, Orlando, FL 32832-6708
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      150,814 SF

      Corporate Headquarters Building in Orlando

      A 150,814 SF Class A office building on 14.73 acres.
      11221 John Wycliffe Blvd, Orlando, FL 32832
      View Details
    • $950,000
      2.03 Acres

      Two Acres in Lake Nona

      Two-acre parcel in Lake Nona near Medical City.
      Kirby Smith Rd, Orlando, FL 32832
      View Details
    • $1,000,000

      Waterfront Land on Lake Hart

      5.34-acre agricultural land with private canal and lake access.
      11309 Tindall Rd, Orlando, FL 32832
      View Details
    • Contact for pricing
      Pending

      Renovated Two-Story Condominium Near Medical

      Fully renovated 3-bedroom condominium with modern amenities and convenient location.
      10758 Garden Lily Dr, Orlando, FL 32832
      View Details
    • Contact for pricing
      1,722 SF

      Randal Park Townhouse with Upgrades

      Townhouse in Randal Park with modern upgrades and community amenities.
      8521 Vedder Ln, Orlando, FL 32832
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      510,300 SF

      Orlando Industrial Space For Lease

      Industrial space available for lease in Orlando, Florida.
      8660 Transport Dr, Orlando, FL 32832
      View Details
    • Contact for pricing

      Industrial Land For Lease

      Industrial land available for lease, currently under construction.
      Monument Pkwy And Innovation Way, Orlando, FL 32832
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Orlando, FL

      3,000 SF retail space available for lease.
      13555 Narcoossee Rd, Orlando, FL 32832
      View Details
    • Contact for pricing
      3,513 SF

      Retail Space in Lake Nona

      Rare 7,026 SF retail space in high-traffic Lake Nona.
      13000 Narcoossee Rd, Orlando, FL 32832
      View Details
    • Contact for pricing

      Modern Office Space Available

      7,100 SF office space for lease in Orlando.
      11002 Lake Hart Dr, Orlando, FL 32832
      View Details
    • Contact for pricing

      Lake Nona Retail Outparcels

      Two retail outparcels in Lake Nona for lease.
      11809 Narcoossee Rd, Orlando, FL 32832
      View Details
    Request Owner's contact information
    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.
    Monument Pkwy And Innovation Way
    Orlando, FL 32832
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!