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    1205 Nela Ave Orlando, FL 32809

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    Property profile & analytics

    1205 Nela Ave Orlando, FL 32809

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    • Residential land & home lots
    • 100,464 SF
    Off-Market
    Property ID
    US18-1742792
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 1205 Nela Ave

    Property size
    100,464 SF
    Property type
    Residential land & home lots

    Description

    OWNER/AGENT - Excellent Development Opportunity comes with APPROVED permits for a 12 unit apartment community. R-2 Low/Medium density with potential to develop 20 dwelling units.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3637356
    Latitude
    28.4621606

    Comparable in this City

    • $3,000,000

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      Industrial land with frontage on West Sand Lake Road.
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    • $560,000
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      Prime Commercial Land, Orlando

      High exposure corner lot, close to major roads and highways.
      207 E Lancaster Rd, Orlando, FL 32809
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    • $560,000

      Prime Commercial Land Corner Lot

      High exposure commercial site on E. Lancaster Rd.
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    Similar Nearby for Sale

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      Prime Industrial Land in Orlando

      Ideal site for industrial development in a prime location.
      2515 W Sand Lake Rd, Orlando, FL 32809
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    • $3,000,000
      1 SF

      Prime Industrial Land For Sale

      Industrial land with frontage on West Sand Lake Road.
      2515 West Sand Lake Rd, Orlando, FL 32809
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    • $3,000,000

      Prime Industrial Land Available

      Industrial land with frontage on West Sand Lake Road.
      7620 Presidents Dr, Orlando, FL 32809
      View Details
    • $560,000
      0.24 Acres

      Prime Commercial Land, Orlando

      High exposure corner lot, close to major roads and highways.
      207 E Lancaster Rd, Orlando, FL 32809
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,801 SF

      Restaurant and Retail Pad Available

      2.17 acres retail pad with existing restaurant for lease.
      8003 Golden Sky Ln, Orlando, FL 32809
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    • Contact for pricing

      Two-Story Office Buildings For Rent

      Two 59,000 SF office buildings near Florida Mall.
      7700 Southland Blvd, Orlando, FL 32809
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    • $18 SF/Yr

      Neighborhood Center Retail Space Available

      Retail spaces available in high-traffic neighborhood center.
      2332 W Oak Ridge Rd, Orlando, FL 32809
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    • Contact for pricing
      4,395 SF

      Orlando Central Parkway Office Space

      Five-story office building in South Orlando with ample parking.
      1707 Orlando Central Pkwy, Orlando, FL 32809
      View Details
    • $12 SF/Yr
      15,663 SF

      Industrial Space Available For Lease

      15,663 SF industrial space available 10/1/2025 in Orlando, FL.
      2003 Viscount Row, Orlando, FL 32809
      View Details
    • $18 SF/Yr

      Flex Space Near Airport

      Flex space with office and warehouse near Orlando International Airport.
      6413 Pinecastle Blvd, Orlando, FL 32809
      View Details
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    1205 Nela Ave
    Orlando, FL 32809
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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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