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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office Spaces
121 Orange Ave Ste 840n Orlando, FL 32801-3221
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5085546
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Total area
4,113 SF
Lot
0.08 ac (3,668 SF)
Zoning code
AC-3A/T/HP
APN
26-22-29-7156-08-400
UPID
US18-5085546
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
-
Noble Factory Production Facility
-
Daniel F Dill Pa Law Firm
-
Florida IT Pro (Bike/Boat/Book/etc) Store Corporate Office
-
Exchange Defender (Bike/Boat/Book/etc) Store Corporate Office
-
ScoutPro (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.08M
Owner & transaction history
840n Plaza LLC · 3 yrs held
840n Plaza LLC
since 2023
Last sale
$940,000
5 recorded transactions
Zoning & alternative use
AC-3A/T/HP · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+13.7%
Auto repair, garage
$1.4M
+6.6%
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
$1,130,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,285,000
Current use
COMMERCIAL (GENERAL)
$1,465,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,370,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,045,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $940k (May 8 2023)
Last sale anchor
$940k
May 8 2023
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
$261 / 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
$16,924
Tax year 2023
Assessed value
$884,295
Assessed 2023
Previous assessed
$802,035
+10.3% YoY
Effective rate
1.91%
On assessed value
Assessed land
$176,859
Assessed improvement
$707,436
Land market value
$176,859
Improvement market value
$707,436
Total market value
$884,295
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Units
1
Rooms
8
Total area
4,113 SF
Lot
0.08 ac (3,668 SF)
Zoning code
AC-3A/T/HP
APN
26-22-29-7156-08-400
UPID
US18-5085546
Jurisdiction
ORANGE
Zoning & alternative use
AC-3A/T/HP · Orlando, FL
Zoning AC-3A/T/HP · permitted uses
AC-3A/T/HP · 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
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2007
Heating
FORCED AIR
Cooling
Yes
Units
1
Rooms
8
Lot
0.08 ac
Current owner
From public records · entity-resolved
840n Plaza LLC
Entity
Mailing address
8690 PT CYPRESS DR STE #120, ORLANDO, FL 32836-5409
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$940,000
840n Plaza LLC
First Class Professional Suites LLC
Warranty Deed
$705,000 · Ultima Bank Minnesota
Aug 8, 2022
$995,000
First Class Proessional Suites Lc
Rcs Plaza Office Ocondos LLC
Special Warranty Deed
—
Dec 19, 2018
—
Betria Financial Holdings LLC
Owner Name Unavailable
Affidavit Of Death
related
$7,500,000 · Bac Fl Bk
Apr 7, 2011
$4,327,400
Betria Financial Holdings LLC
Kuhn Plaza Rental Pool LLC
Warranty Deed
related
—
Sep 14, 2007
$985,700
Kuhn Plaza Rental Pool LLC
Plaza LLC
Grant Deed
related
$1,167,274 · First Horizon Home Loan Corp
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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