Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10601 Southport Dr Orlando, FL 32824-7023

    • Distribution centers
    • 304,316 SF
    • 15.06 lot acres
    OFF-MARKET
    Last Sale
    Sep 04, 2024
    Value Estimations
    $19,335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3304683
    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

    • Medline Industries Inc / Medical Supply Store
    • Interstate Moving Orlando / Mover

    Property Details for 10601 Southport Dr

    Year built
    1998
    Lot size
    15.06 lot acres
    Property size
    304,316 SF
    Zone code
    I-G
    Property type
    Distribution centers
    APN
    12-24-29-0057-00-040
    APU
    122429005700040

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,067,000
      Market price range: $10.5M - $29.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.3686
    Latitude
    28.4123
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $481,592
    $4,263,157
    $21,694,446
    $25,957,603
    -
    $4,263,157
    $21,694,446
    $25,957,603

    Comparable in this City

    • Value Estimation
      $3,110,000
      42,900 SF

      950 Gills Dr

      DISTRIBUTION WAREHOUSE • 42,900 SF
      950 Gills Dr, Orlando, FL 32824-8040
      View Details
    • Value Estimation
      $4,295,000
      66,270 SF

      2544 Landstreet Rd

      DISTRIBUTION WAREHOUSE • 66,270 SF
      2544 Landstreet Rd, Orlando, FL 32824-7931
      View Details
    • Value Estimation
      $3,700,000
      61,753 SF

      8870 Boggy Crk Rd

      DISTRIBUTION WAREHOUSE • 61,753 SF
      8870 Boggy Crk Rd, Orlando, FL 32824-7959
      View Details
    • Value Estimation
      $4,430,000
      55,372 SF

      770 Gills Dr

      DISTRIBUTION WAREHOUSE • 55,372 SF
      770 Gills Dr, Orlando, FL 32824-7888
      View Details
    • Value Estimation
      $2,505,000
      42,303 SF

      9960 Orange Ave

      DISTRIBUTION WAREHOUSE • 42,303 SF
      9960 Orange Ave, Orlando, FL 32824-8465
      View Details
    • Value Estimation by Request

      401 Gills Dr

      Distribution properties
      401 Gills Dr, Orlando, FL 32824
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      62,418 SF

      62,418 SF Industrial Building

      Industrial building suitable for manufacturing, distribution, or showroom.
      701 W Landstreet Rd, Orlando, FL 32824
      View Details
    • Contact for pricing
      7.07 Acres

      Orlando Industrial Land - 7 Acres

      Prime 7-acre industrial lot near Orlando International Airport.
      12401 Boggy Creek Rd, Orlando, FL 32824
      View Details
    • Contact for pricing

      Orlando Industrial Site For Sale

      1.43 AC heavy industrial site with warehouse/office. Mechanics license.
      2100 4Th St, Orlando, FL 32824
      View Details
    • $2,100,000

      Industrial Property for Sale

      Industrial property available for sale in Orlando, Florida.
      9848 S Orange Ave, Orlando, FL 32824
      View Details
    • $980,000
      0.44 Acres

      Orlando Land Development Opportunity

      Prime commercial land near Orlando International Airport.
      8648 S Orange Ave, Orlando, FL 32824
      View Details
    • Contact for pricing

      Heavy Industrial Land Available

      3.5 acres of heavy industrial land in Orlando, Florida.
      2124 4Th St, Orlando, FL 32824
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      304,920 SF

      Orlando Industrial Land Investment Opportunity

      Prime Orlando location, ample acreage, ideal for distribution.
      12401 Boggy Creek Rd, Orlando, FL 32824
      View Details
    • Contact for pricing
      107,945 SF

      Orlando Industrial Property: 107,945 SF

      Prime Orlando manufacturing/warehouse
      1350 Tradeport Dr, Orlando, FL 32824
      View Details
    • Contact for pricing
      130,400 SF

      Prime Warehouse Space - Orange Ave

      130,400 SF Warehouse, Multiple Tenants
      10425 Orange Ave, Orlando, FL 32824
      View Details
    • Contact for pricing
      60,000 SF

      Central Florida Parkway Warehouse

      60,000 SF Warehouse, 3 Spaces Available
      603 Central Florida Pkwy, Orlando, FL 32824
      View Details
    • Contact for pricing
      172,062 SF

      Prime Orange County Warehouse

      4-acre warehouse, great highway access.
      485 Taft Vineland Rd, Orlando, FL 32824
      View Details
    • Contact for pricing
      216,478 SF

      Prime Orlando Warehouse Space

      216,478 SF Single-Tenant Warehouse
      401 Gills Dr, Orlando, FL 32824
      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.
    10601 Southport Dr
    Orlando, FL 32824-7023
    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.