118 Jefferson St Orlando, FL 32801-1828
Property profile & analytics
118 Jefferson St Orlando, FL 32801-1828
- Office buildings
- 7,941 SF
- 0.09 lot acres
Property ID
US18-1377121
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.
Location Intelligence
Current Use by Public Records
- Miller & Beharry, P.A. / Law Firm
- J Charles Assets / Corporate Office
- Developer Capital LLC / Real Estate Agency
- Sun Standard / Roofing Company / General Contractor
- Law Offices of Alison M. Lopes, P.A. / Law Firm
Property Details for 118 Jefferson St
- Year built
- 1925
- Lot size
- 0.09 lot acres
- Property size
- 7,941 SF
- Zone code
- AC-3A/T
- Property type
- Office buildings
- APN
- 26-22-29-7352-31-012
- APU
- 262229735231012
Description
This exceptional Class A, three-story office building, totaling 7,941 square feet, presents a compelling investment opportunity in the heart of downtown Orlando. Built in 1925 and extensively renovated in 2004, the property boasts 26 executive and creative office suites, a conference room, reception area, and six private bathrooms. Currently housing 15 tenants on month-to-month agreements, the building offers significant upside potential for increased occupancy and rental income. The property features a new roof (2023) and newer HVAC systems, ensuring efficient operation and reduced maintenance costs. Financial projections indicate a strong pro-forma NOI of $174,864, representing a 7.97% pro-forma cap rate. The current NOI is $94,079, with a 4.29% cap rate and 60% occupancy. The asking price is $2,195,000, translating to $84,423.08 per unit and $276.41 per square foot. The property is offered fee simple, with seller financing available to qualified buyers. Located at 118 E Jefferson St, Orlando, FL 32801 (APN: 26 22 29 7352 31 012), this property is ideally situated to capitalize on the vibrant downtown Orlando market. The building's flexible layout and modern amenities make it an attractive option for a diverse range of tenants. This is a rare opportunity to acquire a well-maintained, income-producing asset with substantial growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,635,000
- 6.5%
- $2,435,000
- 7%
- $2,260,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,236,000
Market price range: $1.95M - $3.59M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,485,000 Current use
- COMMERCIAL (GENERAL)
- $2,825,000 Change: +14% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,650,000 Change: +7% Conversion: Difficult
- RETAIL STORES
- $2,020,000 Change: -19% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.3771
- Latitude
- 28.5444
- 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
$25,708
$448,480
$887,746
$1,336,226
-
$448,480
$887,746
$1,336,226
