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    4700 Millenia Lakes Blvd Orlando, FL 32839
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    4700 Millenia Lakes Blvd Orlando, FL 32839

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    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Precision Gem Lab / Real Estate Agency
    • BEST Energy Consulting / Electrical Engineer / Electrical Substation
    • Auto Leads Brokers / Car Dealership

    Property Details for 4700 Millenia Lakes Blvd

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This Orlando, Florida office space at 4700 Millenia Lakes Blvd, zip code 32839, offers a diverse range of flexible work solutions in Orange County. The property provides traditional office spaces, executive suites, medical offices, coworking areas, and creative office environments, catering to businesses of all sizes and needs. Options include fully furnished and equipped private offices, customizable to accommodate teams from one person to over 100. Coworking spaces offer shared office or open-plan areas, with daily or hot desk options available. A comprehensive suite of meeting rooms is also available, ranging from informal chat spaces to facilities suitable for presentations, training sessions, interviews, board meetings, and conferences. Virtual office solutions are offered, including prestigious business addresses, mail handling, and professional virtual assistant services. Flexible working plans provide access to a global network of workspaces, with options for private offices or coworking spaces on a daily, monthly, or unlimited basis. The property's location in Millenia Lakes provides a professional and inspiring work environment. Space sizes range from small offices to large spaces exceeding 1000 square meters.

    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
    -81.4357
    Latitude
    28.4846

    Comparable in this City

    • Value Estimation
      $555,000
      3,146 SF

      1711 35th St Ste, Unit 111

      CONDOMINIUM OFFICES • 3,146 SF
      1711 35th St Ste, Orlando, FL 32839-8860
      View Details
    • Value Estimation by Request
      1,528 SF

      3031 40th St

      OFFICE (GENERAL) • 1,528 SF
      3031 40th St, Orlando, FL 32839-8624
      View Details
    • Value Estimation
      $545,000
      3,220 SF

      5145 City St, Unit CU-1

      CONDOMINIUM OFFICES • 3,220 SF
      5145 City St, Orlando, FL 32839-5504
      View Details
    • Value Estimation by Request
      2,480 SF

      1413 34th St

      OFFICE (GENERAL) • 2,480 SF
      1413 34th St, Orlando, FL 32839-8903
      View Details
    • Value Estimation by Request
      1,324 SF

      1711 35th St Ste, Unit 107

      CONDOMINIUM OFFICES • 1,324 SF
      1711 35th St Ste, Orlando, FL 32839-8860
      View Details
    • Value Estimation
      $555,000
      3,151 SF

      1711 35th St Ste, Unit 108

      CONDOMINIUM OFFICES • 3,151 SF
      1711 35th St Ste, Orlando, FL 32839-8860
      View Details

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      Commercial land available for sale in Orlando, Florida.
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    Similar Nearby for Lease

    • Contact for pricing

      Flexible Workspace Solutions

      Global network of workspaces with flexible options.
      4700 Millenia Lakes Blvd, Orlando, FL 32839
      View Details
    • Contact for pricing

      FL, Orlando - 4700 Millenia Blvd

      Discover many ways to work your way in FL, Orlando - 4700 Millenia Blvd
      4700 Millenia Lakes Blvd, Orlando, FL 32839
      View Details
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      Orlando Flex Space For Lease

      Flex space available for lease in Orlando, Florida.
      1806 33Rd St, Edgewood, FL 32839
      View Details
    • Contact for pricing
      7,644 SF

      Millenia Lakes Office Sublease Opportunity

      Office space available for sublease in Millenia Lakes.
      4700 Millenia Lakes Blvd, Orlando, FL 32839
      View Details
    • $10 SF/Yr
      32,886 SF

      Spacious Open Office Space Available

      10,044 SF open office space, ideal for call center.
      5736 S Texas Ave, Orlando, FL 32839
      View Details
    • Contact for pricing
      12,000 SF

      Class A Office Space Available

      Office space for rent with Class A finishes and amenities.
      3902 Millenia Blvd, Orlando, FL 32839
      View Details
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    Orlando, FL 32839
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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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