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Property profile & analytics
OFF-MARKET
Estimated value
$8,470,000
Office buildings
12151 Research Pkwy Orlando, FL 32826-2934
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-0092227
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Total area
56,243 SF
Lot
5.18 ac (225,586 SF)
Zoning code
IND-2/IND-3
APN
10-22-31-1240-02-010
UPID
US18-0092227
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
-
Philips Healthcare Factory Production Facility
-
nScrypt Inc. Production Facility Factory
-
1213 Charitable Trust Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.47M
Owner & transaction history
Prime Research Park LLC · 12 yrs held
Prime Research Park LLC
since 2014
7 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
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±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
$151 / 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
$104,649
Tax year 2023
Assessed value
$6,770,006
Assessed 2023
Previous assessed
$6,228,838
+8.7% YoY
Effective rate
1.55%
On assessed value
Assessed land
$900,386
Assessed improvement
$5,869,620
Land market value
$900,386
Improvement market value
$5,869,620
Total market value
$6,770,006
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
1984
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
30
Total area
56,243 SF
Lot
5.18 ac (225,586 SF)
Zoning code
IND-2/IND-3
APN
10-22-31-1240-02-010
UPID
US18-0092227
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
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
30
Lot
5.18 ac
Current owner
From public records · entity-resolved
Prime Research Park LLC
Entity
Mailing address
7680 UNIVERSAL BLVD STE #160, ORLANDO, FL 32819-8964
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
—
Prime Research Park LLC
—
Deed
related
$4,958,139 · Florida Cmnty Bk NA
Jun 2, 2014
$4,700,000
Prime Research Park LLC
Research Parkway Associates INC
Warranty Deed
$6,600,000 · Seacoast National Bank
May 5, 2010
—
Research Parkway Assocs INC
—
Trustees Deed
related
$250,000 · Old Florida Bank
Jan 17, 2006
$5,350,000
Research Parkway Associates INC
Mrsl Orlando I LP
Special Warranty Deed
$4,700,000 · Colonial Bank NA
—
—
Research Parkway Assocs INC
—
Deed Of Trust
related
$2,654,665 · Old Florida Bank
—
—
Prime Research Park LLC
—
Loan Modification
related
$4,958,139 · Florida Cmnty Bk NA
—
—
Research Parkway Assocs INC
—
Deed Of Trust
related
$3,530,832 · 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.
Try Rey
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