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Property profile & analytics
FOR LEASE
Office buildings
12605 Challenger Pkwy Orlando, FL 32826
Entity Owned
24-yr Hold
Free & Clear
Property ID
US18-9849347
For Lease
1 / 2
$17.50 SF/Yr
12605 Challenger Pkwy, Orlando, FL 32826
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
38,213 SF
Lot
7.21 ac (314,127 SF)
Zoning code
IND-2/IND-3
APN
15-22-31-1255-00-050
UPID
US18-9849347
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
-
Orion Technologies, LLC Electronics & Wireless Store
-
General Dynamics Info Tech Industrial Manufacturer Production Facility
-
3D perception, Inc. Corporate Office Factory
-
Systems Technologies Inc Telecommunications Service
-
Plasmonics, Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.71M
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$8.97M
Owner & transaction history
Marlanco INC · 24 yrs held
Marlanco INC
since 2002
1 recorded transaction
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.7M
+5.3%
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%
$12,685,000
6.5%
$11,710,000
7%
$10,875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,100,000
Current use
AUTO REPAIR, GARAGE
$12,745,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,470,000
Change: -5% · Conversion: Easy
RETAIL STORES
$9,715,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$8.97M
Range $8.07M – $9.86M · ±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
$235 / 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
$171,338
Tax year 2023
Assessed value
$11,084,211
Assessed 2023
Previous assessed
$10,311,487
+7.5% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,570,635
Assessed improvement
$9,513,576
Land market value
$1,570,635
Improvement market value
$9,513,576
Total market value
$11,084,211
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
Status
For Lease
Year built
2000
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
72
Total area
38,213 SF
Lot
7.21 ac (314,127 SF)
Zoning code
IND-2/IND-3
APN
15-22-31-1255-00-050
UPID
US18-9849347
Jurisdiction
ORANGE
Zoning & alternative use
IND-2/IND-3 · Orlando, FL
Zoning 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
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$12.7M
COMMERCIAL (GENERAL)
Est. value
$11.5M
RETAIL STORES
Est. value
$9.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
72
Lot
7.21 ac
Current owner
From public records · entity-resolved
Marlanco INC
Entity
Free & Clear · 24 yrs held
Mailing address
5401 S KIRKMAN RD STE #650, ORLANDO, FL 32819-7912
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2002
$9,150,000
Marlanco INC
Challenger Techcenter Ltd
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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