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Property profile & analytics
FOR LEASE
Investment properties
1313 E Michigan St Orlando, FL 32806
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-2999659
For Lease
1 / 7
$70,800 SF/Yr
1313 E Michigan St, Orlando, FL 32806
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1988
Total area
1,912 SF
Lot
0.23 ac (10,132 SF)
Zoning code
RSTD P-O
APN
01-23-29-5631-00-190
UPID
US18-2999659
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$895k
Owner & transaction history
Albev 1 LLC · 3 yrs held
Albev 1 LLC
since 2023
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
RSTD P-O · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$865,000
+17.2%
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
$950,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
OFFICE BUILDING
$865,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$640,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $840k (Apr 28 2023)
Last sale anchor
$840k
Apr 28 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
$468 / 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
$7,321
Tax year 2023
Assessed value
$616,160
Assessed 2023
Previous assessed
$358,658
+71.8% YoY
Effective rate
1.19%
On assessed value
Assessed land
$175,385
Assessed improvement
$440,775
Land market value
$175,385
Improvement market value
$440,775
Total market value
$616,160
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
1,912 SF
Lot
0.23 ac (10,132 SF)
Zoning code
RSTD P-O
APN
01-23-29-5631-00-190
UPID
US18-2999659
Jurisdiction
ORANGE
Zoning & alternative use
RSTD P-O · Orlando, FL
Zoning RSTD P-O · permitted uses
RSTD P-O · 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
COMMERCIAL (GENERAL) Current
Est. value
$740,000
OFFICE BUILDING
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$640,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Albev 1 LLC
Entity
Mailing address
7751 KINGSPOINTE PKWY STE #120, ORLANDO, FL 32819-6503
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
$840,000
Albev 1 LLC
Dako 1311 LLC
Warranty Deed
—
Apr 23, 2009
—
Dako 1311 LLC
Mehrdad Tartibi
Quit Claim Deed
related
$630,000 · Suntrust Bank
Mar 16, 2006
$310,000
Mehrdad Tartibi
William C Coleman
Warranty Deed
$247,900 · Citizens Trust Mortgage Corp
Feb 1, 2005
$275,000
William C Coleman JR.
Gomez,marcial JR
Warranty Deed
—
Nov 25, 2003
$190,500
Marcial Gomez
De Boer,emily
Grant Deed
$133,350 · Lehman Brothers Bank Fsb
Jan 6, 1997
—
Duane De Boer
De Boer,emily
Quit Claim Deed
related
—
Jan 2, 1997
—
Emily D Boer
Anchette,iven M
Quit Claim Deed
related
—
—
—
Joe B Archer
—
Deed Of Trust
related
$220,000 · Fifth Third Mortgage Co
—
—
Dako 1311 LLC
—
Deed Of Trust
related
$548,250 · Regions 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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