Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12500 Lk Underhill Rd Orlando, FL 32828-7100

    • Commercial land
    • 46,908 SF
    • 4.79 lot acres
    OFF-MARKET
    Value Estimations
    $8,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3220755
    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

    • Waterford Lakes Village / Shopping Mall / Property Investment Company
    • NCCS Drop Box Only / Donations Center
    • Coinstar / Money Transfer Service
    • Wendel I. Parish, Pharmocist / Pharmacy
    • Amazon Hub Locker - Reno / Mailing Service / E-Commerce Service

    Property Details for 12500 Lk Underhill Rd

    Year built
    1997
    Lot size
    4.79 lot acres
    Property size
    46,908 SF
    Zone code
    P-D
    Property type
    Commercial land
    APN
    27-22-31-8887-00-020
    APU
    272231888700020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,320,000
      6.5%
      $9,525,000
      7%
      $8,845,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,348,000
      Market price range: $8.35M - $23.4M
      AI Estimate
      $7,340,000
      Market price range: $7.34M - $14.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $11,925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.2013
    Latitude
    28.5458
    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
    $40,920
    $2,335,178
    $312,000
    $2,647,178
    -
    $2,335,178
    $312,000
    $2,647,178

    Comparable in this City

    • Value Estimation by Request
      10.86 Acres

      Alafaya Trl

      VACANT COMMERCIAL LAND • 10.86 Acres
      Alafaya Trl, Orlando, FL 32828
      View Details
    • Value Estimation by Request
      3.00 Acres

      1910 Alafaya Trl

      VACANT COMMERCIAL LAND • 3.00 Acres
      1910 Alafaya Trl, Orlando, FL 32828-8701
      View Details
    • Value Estimation by Request
      0.31 Acres

      Lk Underhill Rd

      VACANT COMMERCIAL LAND • 0.31 Acres
      Lk Underhill Rd, Orlando, FL 32828
      View Details
    • Value Estimation by Request
      0.16 Acres

      Waterford Lks Pkwy

      VACANT COMMERCIAL LAND • 0.16 Acres
      Waterford Lks Pkwy, Orlando, FL 32828
      View Details
    • Value Estimation by Request
      1.37 Acres

      Bridgeway Blvd

      VACANT COMMERCIAL LAND • 1.37 Acres
      Bridgeway Blvd, Orlando, FL 32828
      View Details
    • Value Estimation
      $5,700,000
      1.60 Acres

      15565 Golden Isle Blvd

      VACANT COMMERCIAL LAND • 1.60 Acres
      15565 Golden Isle Blvd, Orlando, FL 32828-6821
      View Details

    Similar Nearby for Sale

    • $2,000,000
      4 SF

      Land Near Educational Institutions

      Land suitable for medical, office, or retail development.
      940 South Avalon Park Blvd, Orlando, FL 32828
      View Details
    • $1,250,000

      Avalon Park Infill Site

      Infill site in Avalon Park with lakefront frontage.
      1058 Bella Vida Blvd, Orlando, FL 32828
      View Details
    • $125,000
      0.52 Acres

      Land in Orlando, Florida

      Expansive lot in Orlando, Florida, ideal for development.
      1206 Buist St, Orlando, FL 32828
      View Details
    • $120,000

      Vacant Land Ideal for Development

      Vacant land suitable for building a home or investment.
      805 Geranium Ave, Orlando, FL 32828
      View Details
    • New
      $249,900
      2.60 Acres

      Vacant Land with Pond View

      2.6 acres of land with pond view in Orlando.
      805 Baron Rd, Orlando, FL 32828
      View Details
    • $250,000

      Land For Sale Orlando

      Land available for sale in Orlando, Florida.
      15265 Old Cheney Hwy, Orlando, FL 32828
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Near Publix

      Commercial land available for rent near Waterford Lakes and Stoneybrook.
      1890 S Alafaya Trl, Orlando, FL 32828
      View Details
    • Contact for pricing
      69,477 SF

      Stoneybrook Retail Opportunity

      Orlando Retail Pads, High Traffic
      1942 Alafaya Trl, Orlando, FL 32828
      View Details
    • Contact for pricing
      5,442 SF

      Retail Space Near University

      Retail space in Publix-anchored center near UCF.
      4250 Alafaya Trl, Orlando, FL 32828
      View Details
    • $22 SF/Yr
      44,717 SF

      Avalon Park Medical Office Space

      Class A medical office suite in Orlando, FL.
      3701 Avalon Park Blvd, Orlando, FL 32828
      View Details
    • Contact for pricing
      15,500 SF

      Retail Space Available for Lease

      Retail spaces available near HWY 50 & Alafaya Trail intersection.
      1440 N Alafaya Trl, Orlando, FL 32828
      View Details
    • Contact for pricing
      23,406 SF

      Prime Retail Space in Orlando

      High-traffic retail space in a top-ranked lifestyle center.
      651-753 N Alafaya Trl, Orlando, FL 32828
      View Details

    Property Visit Statistics

    • Visits by month
      18.8k
    • Visitors by month
      14.8k
    • Avg Time on site
      21 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12500 Lk Underhill Rd
    Orlando, FL 32828-7100
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.