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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Office buildings
1200 Edgewater Dr Orlando, FL 32804-6314
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4125260
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Total area
10,016 SF
Lot
0.73 ac (31,822 SF)
Zoning code
R-1A/T
APN
23-22-29-4240-00-011
UPID
US18-4125260
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Smartmed Management Medical Billing Service
-
Samuel P. Martin, MD Physician Hospital
-
Hugo V. Hart, MD Physician Hospital
-
Ms. Julie Kunitser Physician
-
Nannette G. Wilson, ARNP-BC Registered General Nurse
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.07M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$2.97M
Owner & transaction history
1200 Edgewater Drive LLC · 10 yrs held
1200 Edgewater Drive LLC
since 2016
6 recorded transactions
Zoning & alternative use
R-1A/T · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+6.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orlando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orlando submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,325,000
6.5%
$3,070,000
7%
$2,850,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,135,000
Current use
AUTO REPAIR, GARAGE
$3,340,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,760,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$297 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,141
Tax year 2023
Assessed value
$2,012,619
Assessed 2023
Previous assessed
$2,158,307
-6.8% YoY
Effective rate
1.75%
On assessed value
Assessed land
$695,452
Assessed improvement
$1,317,167
Land market value
$695,452
Improvement market value
$1,317,167
Total market value
$2,012,619
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
27
Total area
10,016 SF
Lot
0.73 ac (31,822 SF)
Zoning code
R-1A/T
APN
23-22-29-4240-00-011
UPID
US18-4125260
Jurisdiction
ORANGE
Zoning & alternative use
R-1A/T · Orlando, FL
Zoning R-1A/T · permitted uses
R-1A/T · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
27
Lot
0.73 ac
Current owner
From public records · entity-resolved
1200 Edgewater Drive LLC
Entity
Mailing address
1216 EDGEWATER DR, ORLANDO, FL 32804-6314
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2016
$529,900
1200 Edgewater Drive LLC
Martin,samuel P
Warranty Deed
$1,400,000 · Iberiabank
Mar 2, 2016
$800,000
Samuel P Martin
Edgewater Drive Properties LLC
Warranty Deed
—
Oct 1, 2007
—
Edgewater Drive
Gordy,c Bruce
Warranty Deed
related
—
—
—
Gordy C B
—
Deed Of Trust
related
$1,110,500 · Suntrust Bank NA
—
—
Edgewater Drive Properties LLC
—
Deed Of Trust
related
$165,000 · Old Florida Bank
—
—
Edgewater Drive Properties LLC
—
Deed Of Trust
related
$100,000 · Old Florida Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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