Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1507 Park Ctr Drc Orlando, FL 32835-5795

    • Office Properties & Spaces
    • 737 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    5.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US18-3527177
    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

    • Dr. Josephine Hernandez / Dermatologist / Facial Spa
    • B & D Consultants / Business Management Consultant
    • Metabolic Physicians Inc / Weight Loss Service / Family Practice Physician
    • Jakob Cara L MD / Dermatologist
    • Murphy Christine A MD / Emergency Care Physician

    Property Details for 1507 Park Ctr Drc

    Year built
    2006
    Lot size
    0.02 lot acres
    Property size
    737 SF
    Zone code
    O-2
    Property type
    Office Properties & Spaces
    APN
    01-23-28-6594-01-030
    APU
    12328659401030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $245,000
      6.5%
      $225,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $184,000
      Market price range: $185k - $318k
      AI Estimate
      $166,000
      Market price range: $166k - $267k

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4679
    Latitude
    28.5221
    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
    $1,683
    $17,291
    $69,163
    $86,454
    -
    $17,291
    $69,163
    $86,454

    Comparable in this City

    • Value Estimation
      $270,000
      367 SF

      7065 Westpointe Blvd Ste, Unit 209

      CONDOMINIUM OFFICES • 367 SF
      7065 Westpointe Blvd Ste, Orlando, FL 32835-8758
      View Details
    • Value Estimation
      $235,000
      146 SF

      2207 Lk Debra Drcu-4

      CONDOMINIUM OFFICES • 146 SF
      2207 Lk Debra Drcu-4, Orlando, FL 32835-6361
      View Details
    • Value Estimation by Request
      897 SF

      6965 Piazza Grande Ave Ste, Unit 204

      CONDOMINIUM OFFICES • 897 SF
      6965 Piazza Grande Ave Ste, Orlando, FL 32835-8780
      View Details
    • Value Estimation
      $270,000
      755 SF

      1515 Park Ctr Dra

      CONDOMINIUM OFFICES • 755 SF
      1515 Park Ctr Dra, Orlando, FL 32835-5794
      View Details
    • Value Estimation
      $285,000
      743 SF

      1515 Park Ctr Drn

      CONDOMINIUM OFFICES • 743 SF
      1515 Park Ctr Drn, Orlando, FL 32835-5794
      View Details
    • Value Estimation
      $290,000
      1,878 SF

      3300 Hiawassee Rd Ste, Unit 101

      CONDOMINIUM OFFICES • 1,878 SF
      3300 Hiawassee Rd Ste, Orlando, FL 32835-6350
      View Details

    Similar Nearby for Sale

    • $465,000
      1,160 SF

      Executive Office Suite in Orlando

      High-Cap Rate, Net Lease, 1,160 SF
      0 Westpointe Cir, Orlando, FL 32835
      View Details
    • Contact for pricing
      2,630 SF

      Medical/Professional Office in Doctor Phillips

      2630 SF medical/professional office for sale in Doctor Phillips.
      6735 Conroy Rd, Orlando, FL 32835
      View Details
    • $575,000
      1,239 SF

      First-Floor Office Condo For Sale

      1,239 SF office condo in Dr. Phillips area.
      7463 Conroy Windermere Rd, Orlando, FL 32835
      View Details
    • $310,000
      Pending

      Windermere Area Office For Sale

      Office space in a high-traffic Windermere location.
      6735 Conroy Rd, Orlando, FL 32835
      View Details
    • New
      $549,000
      Pending

      Orlando Office with Lake View

      Fully equipped office space with lake views in Orlando, Florida.
      6965 Piazza Grande Ave, Orlando, FL 32835
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,113 SF

      Orlando Medical and Professional Suites

      Flexible move-in ready suites with ample parking available for lease.
      1743 Park Center Dr, Orlando, FL 32835
      View Details
    • $9,600 /Mo

      Furnished Office Suite in Orlando

      Furnished private office suite in Metrowest, Orlando, ready to use.
      6965 Piazza Grande Ave, Orlando, FL 32835
      View Details
    • Contact for pricing
      102,019 SF

      Spacious One-Story Office Building

      One-story office building with ample parking and convenient access.
      6355 Metrowest Blvd, Orlando, FL 32835
      View Details
    • $20 SF/Yr
      22,010 SF

      Palm Gardens Office Space

      Orlando Office: 2,025 SF Available
      1803 Park Center Dr, Orlando, FL 32835
      View Details
    • Contact for pricing
      29,356 SF

      MetroWest Office Space For Rent

      Office building in MetroWest, Orlando, with 29,356 square feet.
      2101 Park Center Dr, Orlando, FL 32835
      View Details
    • $57,600

      Commercial Space with Private Entrance

      1,631 sq ft commercial space perfect for medical practices.
      5749 Westgate Dr, Orlando, FL 32835
      View Details
    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.
    1507 Park Ctr Drc
    Orlando, FL 32835-5795
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.