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Property profile & analytics
OFF-MARKET
Estimated value
$23,185,000
Office buildings
12000 Research Pkwy Orlando, FL 32826-2943
Trust Owned
8-yr Hold
Free & Clear
Property ID
US18-1056294
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
129,008 SF
Lot
10.32 ac (449,468 SF)
Zoning code
IND-2/IND-3
APN
10-22-31-1240-09-011
UPID
US18-1056294
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
-
Technical and Project Engineering, LLC (TAPE) Corporate Office
-
PEO STRI CT2 Government Office
-
Partnership V Government Office
-
Resource Square Two Professional Services
-
Joint Development Integration Facility Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.19M
Owner & transaction history
Internal Improvement Trust Fund & S · 8 yrs held
Internal Improvement Trust Fund & S
since 2017
3 recorded transactions
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$32,800,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$23.19M
Range $20.87M – $25.50M · ±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
$180 / 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
Assessed value
$25,422,724
Assessed 2023
Previous assessed
$19,527,002
+30.2% YoY
Assessed land
$2,124,521
Assessed improvement
$23,298,203
Land market value
$2,124,521
Improvement market value
$23,298,203
Total market value
$25,422,724
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Stories
4
Rooms
120
Total area
129,008 SF
Lot
10.32 ac (449,468 SF)
Zoning code
IND-2/IND-3
APN
10-22-31-1240-09-011
UPID
US18-1056294
Jurisdiction
ORANGE
Zoning & alternative use
IND-2/IND-3 · Orlando, FLZoning IND-2/IND-3 · permitted uses
IND-2/IND-3 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$32.8M
RETAIL STORES
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
120
Lot
10.32 ac
Current owner
From public records · entity-resolved
Internal Improvement Trust Fund & S
Trust
Free & Clear · 8 yrs held
Mailing address
3900 COMMONWEALTH BLVD, TALLAHASSEE, FL 32399-6575
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2017
$19,100,000
Internal Improvement Trust Fund & S
Banyan Street Of Gap Rsrc Sq Two
Grant Deed
related
—
Dec 16, 2014
$15,000,000
Banyan Street Of Gap Resource Squ
Resource Square Two Owner LLC
Grant Deed
—
Sep 21, 2005
—
Resource Square Two Owner LLC
Crescent Brookdale Associates LLC
Special Warranty Deed
—
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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