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Property profile & analytics
OFF-MARKET
Estimated value
$275,000
Office Spaces
1515 Park Ctr Dra Orlando, FL 32835-5794
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-4449362
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
755 SF
Lot
0.02 ac (770 SF)
Zoning code
O-2
APN
01-23-28-6594-02-010
UPID
US18-4449362
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
-
Tonya Beauty Medical Spa Spa & Massage Center Alternative Medicine Practice
-
Orange Grove Essentials (Bike/Boat/Book/etc) Store Specialty Food Shop
-
BANK OWNED, FORECLOSURES, SHORT SALES & OTHERS: Restaurant
-
Orlando Employee Discounts Travel Agency
-
Homexpo Realty Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
Corrine Drive LLC · 16 yrs held
Corrine Drive LLC
since 2010
2 recorded transactions
Zoning & alternative use
O-2 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Medium Intensity Office Residential
General category
RESIDENTIAL
Zone area
341.68 ac
Source
Realmo
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
$275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$275k
Range $248k – $303k · ±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
$364 / 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
$2,005
Tax year 2023
Assessed value
$104,190
Assessed 2023
Previous assessed
$104,190
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$20,838
Assessed improvement
$83,352
Land market value
$20,838
Improvement market value
$83,352
Total market value
$104,190
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
2006
Heating
FORCED AIR
Cooling
CENTRAL
Units
1
Rooms
1
Total area
755 SF
Lot
0.02 ac (770 SF)
Zoning code
O-2
APN
01-23-28-6594-02-010
UPID
US18-4449362
Jurisdiction
ORANGE
Zoning & alternative use
O-2 · Orlando, FLZoning O-2 · permitted uses
O-2 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Medium Intensity Office Residential
General category
RESIDENTIAL
Zone area
341.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Units
1
Rooms
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Corrine Drive LLC
Entity
Free & Clear · 16 yrs held
Mailing address
2809 CORRINE DR, ORLANDO, FL 32803-2235
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2010
$250,000
Corrine Drive LLC
Rehse,john S
Warranty Deed
—
Feb 10, 2006
$167,000
John S Rehse
Bradshaw,william L & Cynthia A
Warranty Deed
$293,814 · William L SR & Cynthia A Bradshaw
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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