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    Property profile & analytics

    12633 Challenger Pkwy Orlando, FL 32826

    • Warehouses
    • 35,386 SF
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pulau Corporation / Logistics Company / Freight Service

    Property Details for 12633 Challenger Pkwy

    Property size
    35,386 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 8,539 square foot warehouse space is now available for lease within the Challenger Tech Center I, located at 12633 Challenger Parkway in Orlando, Florida's Research Park submarket of Orange County. The property is part of a larger industrial complex totaling 35,386 square feet, offering a prime location for businesses seeking efficient and strategically positioned warehouse facilities. The space is currently vacant and ready for immediate occupancy, presenting a unique opportunity for businesses to establish or expand their operations in a thriving technological hub. The building's industrial design is well-suited for a variety of uses, and its location within the Research Park provides excellent access to major transportation arteries, skilled labor pools, and a vibrant business community. The property's address is 12633 Challenger Pkwy, Orlando, FL 32826, situated in Orange County. This is a multi-tenant building, offering a collaborative environment. The available space presents a significant opportunity for businesses seeking a modern and functional warehouse solution in a highly desirable location. The property's zip code is 32826. This newly available space is perfect for businesses looking to establish a presence in a dynamic and growing area. Contact us today to schedule a viewing and learn more about this exceptional opportunity.

    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
    -81.2033
    Latitude
    28.5731

    Comparable in this City

    • Value Estimation
      $1,620,000
      9,970 SF

      12301 Challenger Pkwy

      WAREHOUSE, STORAGE • 9,970 SF
      12301 Challenger Pkwy, Orlando, FL 32826-2702
      View Details
    • Value Estimation
      $1,480,000
      10,890 SF

      14120 Colonial Dr

      MINI-WAREHOUSE, STORAGE • 10,890 SF
      14120 Colonial Dr, Orlando, FL 32826-5059
      View Details
    • Value Estimation
      $9,770,000
      25,581 SF

      12280 Colonial Dr

      MINI-WAREHOUSE, STORAGE • 25,581 SF
      12280 Colonial Dr, Orlando, FL 32826-4709
      View Details
    • Value Estimation by Request
      693 SF

      15342 Colonial Dr

      STORAGE YARD, OPEN STORAGE • 693 SF
      15342 Colonial Dr, Orlando, FL 32826
      View Details
    • Value Estimation
      $720,000
      5,973 SF

      14521 Colonial Dr

      WAREHOUSE, STORAGE • 5,973 SF
      14521 Colonial Dr, Orlando, FL 32826-5119
      View Details
    • Value Estimation
      $1,575,000
      11,181 SF

      11815 Colonial Dr

      MINI-WAREHOUSE, STORAGE • 11,181 SF
      11815 Colonial Dr, Orlando, FL 32826-4702
      View Details

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    Similar Nearby for Lease

    • $17 SF/Yr
      35,386 SF

      Orlando Warehouse Space Available

      8,539 SF Warehouse in Research Park
      12633 Challenger Pkwy, Orlando, FL 32826
      View Details
    • Contact for pricing
      14,015 SF

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    Orlando, FL 32826
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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
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