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    83 Grant St Orlando, FL 32806

    • Commercial real estate
    • 0.18 lot acres
    For Sale
    View listing
    $1,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8196675
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 83 Grant St

    Lot size
    0.18 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional infill development opportunity in Orlando's desirable SoDo neighborhood. This 0.18-acre property comprises six vacant, residential-zoned parcels, fully permitted with approved site plans for the construction of six townhomes. The site's strategic location offers unparalleled convenience, situated within walking distance of the SoDo shopping center and Orange Avenue, providing abundant retail options. Enjoy easy access to major transportation arteries, including Interstate-4, Orange Avenue, Michigan Street, and SR 408 (East-West Expressway), ensuring seamless connectivity to Downtown Orlando. Benefit from the property's location within the SoDo District opportunity zone, presenting potential tax advantages. This is a turnkey project ready for immediate development, offering a rare chance to capitalize on the high demand for housing in this thriving area. The asking price is $1,100,000. The zoning is PD/T/SP.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.379445634096
    Latitude
    28.516570108283

    Comparable in this City

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      Updated duplex with separate unit, ideal for rental income.
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      Orlando Duplex in Desirable Location

      Updated duplex in Orlando, located in an A-rated school zone.
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      Orlando Duplex in SODO District

      Duplex in prime location, ideal for homeowners or investors.
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    • $1,495,500
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      Orlando Luxury Income Property

      New construction duplex near Orlando Health, generating rental income.
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    Similar Nearby for Sale

    • $1,200,000
      0.40 Acres

      Prime Orlando Land - Two Lots

      0.79 acres, SoDo, near major hospitals.
      26 Crystal Lake St, Orlando, FL 32806
      View Details
    • $1,450,000
      0.39 Acres

      SoDo Orlando Corner Lot

      Prime 0.39-acre lot, development potential.
      2506 Taylor Ave, Orlando, FL 32806
      View Details
    • $574,900
      1,626 SF

      Orlando Duplex in Desirable Location

      Updated duplex in Orlando, located in an A-rated school zone.
      1501 E Harding St, Orlando, FL 32806
      View Details
    • $549,000
      1,163 SF

      Updated Duplex with Rental Potential

      Updated duplex with separate unit, ideal for rental income.
      2816 Hargill Dr, Orlando, FL 32806
      View Details
    • $560,000

      Orlando Duplex in SODO District

      Duplex in prime location, ideal for homeowners or investors.
      116 E Muriel St, Orlando, FL 32806
      View Details
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      2,567 SF

      Orlando Office Space For Lease

      Office space available for lease in Orlando, Florida.
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      3,215 SF

      Orlando Restaurant Space Available

      Restaurant space for lease in the SoDo district.
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    • $1,100 /Mo
      297 SF

      Versatile Office Space in Orlando

      Office space in bank building, near hospital, flexible options.
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    • $22 SF/Yr
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      SODO Office Space For Rent

      Office space for lease in a mixed-use commercial park.
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      Retail Space in SoDo District

      Retail space in Orlando's SoDo district, near downtown and hospitals.
      2823 S Orange Ave, Orlando, FL 32806
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    • $13 SF/Yr
      1,750 SF

      Renovated Warehouse Bays For Rent

      Recently renovated warehouse bays with office space and ample parking.
      4045 Forrestal Ave, Orlando, FL 32806
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    83 Grant St
    Orlando, FL 32806
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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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