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Property profile & analytics
OFF-MARKET
Estimated value
$3,890,000
Office Spaces
1401 Colonial Dr 2-2 Orlando, FL 32804-7118
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0366216
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Total area
5,889 SF
Lot
0.12 ac (5,329 SF)
Zoning code
O-1/T
APN
22-22-29-1538-02-020
UPID
US19-0366216
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
-
JMJ Pregnancy Center Medical Clinic
-
Sunlight Nail & Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.89M
Owner & transaction history
1405 Colonial Holdings LLC · 5 yrs held
1405 Colonial Holdings LLC
since 2020
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
O-1/T · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Low Intensity Office Residential Traditional City
General category
RESIDENTIAL
Zone area
115.35 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.9M
+57.8%
Auto repair, garage
$2.0M
+6.5%
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%
$1,955,000
6.5%
$1,805,000
7%
$1,675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,845,000
Current use
RESTAURANT
$2,910,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,965,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,625,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.89M
Range $3.50M – $4.28M · ±10% · vs last sale $2.65M (Sep 3 2020)
Last sale anchor
$2.65M
Sep 3 2020
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
$661 / 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
$15,661
Tax year 2023
Assessed value
$853,905
Assessed 2023
Previous assessed
$853,905
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$170,781
Assessed improvement
$683,124
Land market value
$170,781
Improvement market value
$683,124
Total market value
$853,905
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
12
Total area
5,889 SF
Lot
0.12 ac (5,329 SF)
Zoning code
O-1/T
APN
22-22-29-1538-02-020
UPID
US19-0366216
Jurisdiction
ORANGE
Zoning & alternative use
O-1/T · Orlando, FLZoning O-1/T · permitted uses
O-1/T · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Low Intensity Office Residential Traditional City
General category
RESIDENTIAL
Zone area
115.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
12
Lot
0.12 ac
Current owner
From public records · entity-resolved
1405 Colonial Holdings LLC
Entity
Mailing address
1405 W COLONIAL DRB, ORLANDO, FL 32804-7118
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2020
$1,650,000
1405 Colonial Holdings LLC
Sand Lake Tech Center LLC
Grant Deed
related
$1,735,200 · First Internet Bk/in
Sep 19, 2018
$2,645,000
Sand Lake Tech Center LLC
Elite Business Productions INC
Special Warranty Deed
$1,825,000 · Seacoast National Bank
May 18, 2015
$1,390,000
Elite Business Productions INC
Off The Ranch
Grant Deed
$1,518,400 · Bankunited Fsb
Feb 12, 1999
$800,000
Robert Moreyra
Pardue,william P & Elba R
Grant Deed
related
—
—
—
Off Ranch INC
—
Deed Of Trust
related
$418,350 · Hollis O & Beverly J Mccall
—
—
Elite Business Productions INC
—
Deed Of Trust
related
$238,900 · Bankunited Fsb
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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