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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12301 Challenger Pkwy Orlando, FL 32826-2702

    • Warehouses
    • 9,970 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,620,000
    Show details
    Cap Rate Potential
    10%
    Warehouses
    Location Intelligence
    Property ID
    US18-3338028
    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.

    Current Use by Public Records

    • VirTra / Software Company
    • Quadrant Simulation System Inc / Transportation Service / Shipping Company

    Property Details for 12301 Challenger Pkwy

    Year built
    1997
    Lot size
    2.00 lot acres
    Property size
    9,970 SF
    Zone code
    IND-2/IND-3
    Property type
    Warehouses
    APN
    15-22-31-1218-22-021
    APU
    152231121822021

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,125,000
      6.5%
      $1,040,000
      7%
      $965,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,572,000
      Market price range: $453k - $1.57M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,075,000
      Current use
      RETAIL STORES
      $2,535,000
      Change: +22% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,335,000
      Change: +13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.2038
    Latitude
    28.5738
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,298
    $444,312
    $2,620,702
    $3,065,014
    -
    $444,312
    $2,620,702
    $3,065,014

    Comparable in this City

    • Value Estimation
      $1,480,000
      10,890 SF

      14120 Colonial Dr

      MINI-WAREHOUSE, STORAGE • 10,890 SF
      14120 Colonial Dr, Orlando, FL 32826-5059
      View Details
    • Value Estimation
      $9,770,000
      25,581 SF

      12280 Colonial Dr

      MINI-WAREHOUSE, STORAGE • 25,581 SF
      12280 Colonial Dr, Orlando, FL 32826-4709
      View Details
    • Value Estimation by Request
      693 SF

      15342 Colonial Dr

      STORAGE YARD, OPEN STORAGE • 693 SF
      15342 Colonial Dr, Orlando, FL 32826
      View Details
    • Value Estimation
      $720,000
      5,973 SF

      14521 Colonial Dr

      WAREHOUSE, STORAGE • 5,973 SF
      14521 Colonial Dr, Orlando, FL 32826-5119
      View Details
    • Value Estimation
      $665,000
      5,520 SF

      15256 Colonial Dr

      WAREHOUSE, STORAGE • 5,520 SF
      15256 Colonial Dr, Orlando, FL 32826
      View Details
    • Value Estimation
      $9,430,000
      95,772 SF

      12709 Colonial Dr

      MINI-WAREHOUSE, STORAGE • 95,772 SF
      12709 Colonial Dr, Orlando, FL 32826-4816
      View Details

    Similar Nearby for Sale

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      Commercial land for sale.
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    • $1,500,000
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      Prime Orlando Commercial Land

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    • Contact for pricing

      Land in Central Florida Research

      3.4-acre vacant land in Central Florida Research Park.
      Challenger Pkwy, Orlando, FL 32826
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      35,386 SF

      Orlando Warehouse Space Available

      8,539 SF Warehouse in Research Park
      12633 Challenger Pkwy, Orlando, FL 32826
      View Details
    • Contact for pricing
      10,819 SF

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      2800 Discovery Dr, Orlando, FL 32826
      View Details
    • $18 SF/Yr
      5,843 SF

      Single-Story Office/Flex Building For Rent

      Single-story office/flex building with modern floorplan available for lease.
      3050 Technology Pkwy, Orlando, FL 32826
      View Details
    • Contact for pricing
      7,821 SF

      Central Florida Research Park Flex

      55,105 SF property in Central Florida Research Park.
      2721 Discovery Dr, Orlando, FL 32826
      View Details
    • $18 SF/Yr
      14,015 SF

      Orlando Flex/Industrial Space Available

      14,015 SF flex/industrial space for lease in Orlando.
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      View Details
    • $35 SF/Yr
      45,555 SF

      Park Square Plaza Retail Space

      Orlando Retail Center: Prime Location, Flexible Suites
      12189 Colonial Dr, Orlando, FL 32826
      View Details
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    12301 Challenger Pkwy
    Orlando, FL 32826-2702
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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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